What: Korn Ferry estimates that less than 1 worker out of 2 has a positive view of their company.

Why it is important: Retaining key employees is crucial, and to do so, it now requires more than money or corner offices: values and commitment for the greater good

Employee confidence in their companies' business prospects has declined after the optimism of 2022.

A recent study revealed only 47% of workers have a positive view of their company's outlook, marking a 6% year-over-year decrease.

Although outside factors like office return mandates and layoffs might temporarily influence employee sentiments, the current negativity starkly contrasts the optimism of other stakeholders.

Industries face unique challenges: financial services workers doubt leadership adaptability amidst layoffs and growth issues, tech workers' confidence plummeted by nearly 17% due to layoffs, and the retail industry's decline in confidence could adversely affect customer experience. Conversely, construction was the only sector where confidence grew.

Experts suggest leaders focus on retention strategies, emphasize company culture during hard times, and continually reaffirm the company's values and purpose to rebuild trust and confidence.

Companies are going through a crisis of employees’ confidence