74% of Workers Concerned Fiscal Cliff Will Lead to Layoffs


 
WOODCLIFF LAKE, NJ (December 27, 2012) – Seventy-four percent of workers report they are concerned that the U.S. fiscal cliff will lead to layoffs, according to a survey by career transition and talent development consulting firm Lee Hecht Harrison.
 
In December 2012 Lee Hecht Harrison surveyed more than 200 workers throughout the U.S. via an online poll asking, “Are you concerned that the U.S. fiscal cliff will lead to layoffs in your organization?” The results were as follows:
 
Very much
40%
Moderately
22%
Slightly
12%
Not at all
26%
 
According to Lee Hecht Harrison President Peter Alcide, " With tax cuts set to expire and automatic spending cuts due to take effect, many workers are uneasy about the potential impact the ‘fiscal cliff’ will have on their own employment situation.”
 
Alcide cautioned that in an environment of intense uncertainty many workers may be feeling insecure about their future.  “We don’t have a crystal ball to predict what will happen next week or next month. However, even if an agreement is not reached by the end of the year, there are no signs that layoffs are imminent.”  Still, Alcide cautions workers against being complacent.  “Employees can increase their sense of control and boost their confidence by ‘owning’ their career success – that is, always finding ways to add value.”  Alcide recommends:
 
1. Always do quality work.
2. Take initiative on projects or learning a new skill.
3. Maintain a positive attitude.
4. Focus on tasks/projects that have the greatest impact on business.
5. Bring solutions and solve problems, don’t just point out what’s not working.
 
“The most successful individual is the one who looks around and says, ‘OK, where are the gaps? What’s needed that isn’t happening right now to help support the business? How can I fill that need?’ And then does it.”
 
About Lee Hecht Harrison (LHH)
Lee Hecht Harrison (www.lhh.com) is the global talent development leader. We connect people to jobs through innovative career transition services and help individuals improve performance through career and leadership development.  LHH assists organizations in supporting restructuring efforts, developing leaders at all levels, engaging and retaining critical talent, and maintaining productivity through change – helping organizations increase profitability by maximizing their return on investment in developing people, while assisting individuals to achieve their full potential.
 
Contact:
Helene Cavalli
Vice President, Marketing
Lee Hecht Harrison
917-370-3341
helene.cavalli@lhh.com