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UK – A fifth of employees fear losing their job

17 April 2014

A fifth (21%) of UK employees are concerned about being made redundant, while 35% are concerned about their colleagues being affected by redundancies, according to the inaugural UK Employment Confidence Survey (Q1 2014) from online career community, Glassdoor. The survey suggests that some UK employees may be unsettled in their current employment situation.

This survey’s UK debut, tracking employee sentiment at the end of Q1 and heading into Q2 2014, monitors four key indicators of employee confidence: salary expectations, job market optimism/re-hire probability, job security, and business outlook optimism. This survey is conducted online by Harris Poll on behalf of Glassdoor among more than 2,000 employees within Great Britain.

Despite the concern over redundancies, one in three (34%) employees expect to receive a pay rise in the next 12 months. Of the UK employees who said their employer had made negative changes during the past six months, 29% said that their pay or bonus had been reduced or bonus not paid at all.

Pay rise confidence is higher among men (42%) than women (24%), and significantly more so in the East (43%) and South East (40%) of England, while employees in London are much less confident (24%).

Three in ten (30%) employees (including self-employed) report optimism that they could find a job matched to their experience and current compensation levels in the next six months if they were to lose their current job.

Full-time employees (32%) are more confident than part-time employees (23%) when it comes to finding a new job within six months. Those self-employed (35%) are most confident.

A fifth (21%) of employees are concerned that they may be made redundant. In the North East and North West, one in four (25%) employees report concern of this. Younger employees (16-24 years old) are most concerned (27%) when compared to other age groups.

Employees concerned about co-workers being made redundant stands at more than one in three (35%). Employees in the North West (50%) are most concerned and those in the East of England (26%) are least concerned.

To read the full report, please click here.