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A recent survey by the outplacement specialist Grass & Partner in Switzerland has investigated the reasons behind staff dismals in top executive and higher managerial positions and has found some surprising results. The survey, which aims to reflect the current state of the economy, found that contrary to popular belief, those aged 50+ are less likely to be fired while 57% of people in the age range of 40+ have had to leave their jobs in 2011.
Yet top executives are not at all safe when it comes to staff dismissals. The survey states that there has been a +11% increase of managers in higher positions having had to leave their jobs in the past year – this figure is now at 55%, up from 44% in the previous survey.
Higher education does not seem to protect employees from keeping their jobs as it is staff with a university degree that have been most affected by company firings. The survey claims that 80% of those with a degree have lost their jobs in 2011.
The survey also claims that the banking industry has particularly reduced headcount in the country while pharmaceutical companies are less affected. Banks have seen an increase of staff reductions with 34% of staff having been dismissed, while this number for pharmaceutical companies lies at 14%.
While age, experience or education does not seem to protect employees from losing their jobs, it is especially the personal relationship employees have with their employers that decide their career prospects. A third of all dismissals are said to be based on the fact that the boss simply did not like their employee on a personal level so keeping your boss happy is seen as a definite advantage!
The best way to succeed, the survey suggest, is networking as 41% of new hires have had to thank one of their acquaintances for their new job.