In early April of 2009, Hewitt surveyed HR executives at 518 U.S.-based companies (representing more than $4 trillion in annual revenue) to understand their cost reduction efforts. In addition to identifying those efforts, the research explored the decision-making process, as well as the perceived impact of those cost-reduction decisions on employee trust and morale.

While the economic environment certainly represents an opportunity for companies to reduce their workforce costs, these reductions need to be evaluated and implemented carefully. By taking some important steps to plan and communicate to employees now, Hewitt believes many companies can significantly enhance their economic position and ability to retain talent when the economic recovery occurs.

Click the link below to view/download a PDF of survey findings highlights.