You are here: Home - Saving & Banking -

One in four employees fears an imminent job loss

0
Written by:
16/07/2014
More than one in four UK employees fear they will lose their job within the next six months, according Glassdoor’s UK Employment Confidence Survey.

The survey – which monitors job security, salary expectations, plus optimism on the job market and business outlook – found that fears around job security had jumped eight per cent from the first quarter of 2014.

Jon Ingham, career and workplaces expert at Glassdoor, said: “The main reason that people are worrying about their jobs more may well be the increasing amount of restructuring that employees are seeing in the workplace. Regional job losses are still being widely reported and this is prompting employees to feel less secure.”

London, where half of employees are worried that they could be laid off, is the most pessimistic region in the UK. Forty six per cent of younger employees – those aged between 16 and 24 – share this fear.

Only three in ten employees of all types think that they could find a job matched to their experience and current compensation levels within six months if they were to lose their current job, down one per cent from last quarter.

Some 23 per cent of part-time employees expect a pay rise in the next 12 months, compared to 41 per cent of full time employees. Employees in the North East are the most optimistic.

Ingham continued: “Employers will benefit from communicating openly about the specific circumstances of their own business, involving employees where there are issues and problems, and communicating confidently where there are already positive changes underway or there are signs of new opportunities for the future.”

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
How to counter the impact of inflation on your long-term wealth

Inflation once again reared its head in June, with CPI inflation rising to 1.9% from 1.5% in May. The threat...

Close