My Search Lights - Employee Engagement

It may be that Your Search Lights is really My Search Lights. I began this blog in April to create a place for Career Networking Resources so more folks could find this information easily.
I decided to name the blog Your Search Lights because the possible interpretations are rather limitless.
With the original purpose of the blog fulfilled - a place for the networking information -I have the luxury of allowing my writing and interests to unfold here. I realize this must be disconcerting for folks who are focused and thrive with SMART goals. I could say the common thread in my posts is providing resources and ideas for finding ways to be engaged and stay engaged in a world of turbo-charged transition.
With this unfolding process in mind my interests have turned to the challenge of employee engagement. There is nothing more important to an organization's success than engaged employees. Since engagement is about how a person thinks and feels about their work, an engaged employee is energized and involved. Both the organization and the employee benefit from successful engagement. Genuine engagement is one of those rare win-win experiences.

I leave us today with a brief background and a question:
For many years there was a social contract between employees and employer. It was that employees worked hard and employers took care of them. Employees were the primary stakeholders of the organization.
Since the 1970s when management broke this social contract by implementing cost cutting measures which viewed employees as a cost rather than precious resources and stakeholders, the only stakeholders became the shareholders.
Now with this latest recession gripping our economy and the hearts and minds of employees, how do we genuinely create employee engagement? It is possible for employees and employers
to care about each other and make commitments to each other now that the social contract is broken?
This is what I'm thinking about lately and I would love to read your thoughts on this. Please comment!
More later this week.