Despite the economic recovery large corporations continue to cut benefits and have layoffs.
The Towers Watson's 2013/2014 Global Benefits Attitude Survey has an interesting chart (below) showing the substantial reduction in benefits by U.S. companies with more than 1,000 employees over the last 2 years.
This is the way of the New Economy. Intense global competition coupled with economic uncertainty and volatility means corporations will continually focus on cost reduction. They really don't have a choice.
It's also easy to see why more people are choosing to become independent workers (freelancers, independent consultants, etc.) and start small businesses.
We've long tracked how people decide whether or not to start a small business and/or become an independent worker. Pretty much everyone goes through a "mental calculus" process weighing a traditional job versus starting a business.
Not surprisingly, we've found people are finding traditional jobs less attractive than they used to.
This is leading to more people choosing the autonomy, control and flexibility independence provides over the security and consistent paycheck provided by a job.