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Glassdoor Survey Reveals One in Five UK Employees Fear Losing Their Job in Next Six Months

LONDON, April 16, 2014 /PRNewswire/ --

A new survey by Glassdoor, a jobs and careers community, reveals that one in five (21 percent) UK employees[1]say that they fear losing their job in the next six months. The Q1 2014 UK Employment Confidence Survey[2], conducted online by Harris Interactive among UK employees, monitors four key indicators of employee confidence: job security, salary expectations, job market optimism/re-hire probability and business outlook optimism.

While 21 percent of employees are concerned that they may be made redundant, in the North East and North West, one in four (25 percent) employees report concern of this. Younger employees (16-24 years old) are most concerned (27 percent) when compared to other age groups. In addition, employees concerned about co-workers being made redundant stands at more than one in three (35 percent). One in two (50 percent) in the North West report concern, while one in four (26 percent) report concern in the East of England.

When it comes to how UK employees are feeling about a pay increase, one in three (34 percent) employees expect to receive a pay rise in the next 12 months. Pay rise confidence is higher among men (42 percent) than women (24 percent), and significantly more so among employees in the East (43 percent) and South East (40 percent) of England, while those in London are less confident (24 percent).

While some employees have expressed concern over being made redundant and others expressed optimism in a pay rise, three in ten (30 percent) employees (including those self-employed and not employed but looking for work) 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 percent) are more confident than part-time employees (23 percent) when it comes to finding a new job within six months. Those self-employed (35 percent) are even more confident. Geographically across the UK, employees in Wales are most confident (42 percent) in finding a new job in the next six months.

As for how UK employees feel about how their company's business will perform in the near future, one in three (34 percent) employees (including those self-employed) believe their company's business outlook will improve in the next six months, while most employees (56 percent) believe it will stay the same. Only one in ten (10 percent) believe it will get worse.

More men (39 percent) than women (27 percent) believe their company's business outlook will get better in the next six months.

SURVEY SUPPLEMENT & GRAPHICS AVAILABLE: For more details, including breakdowns of survey results by age, gender and location, please see the full Q1 2014 UK Glassdoor Employment Confidence Survey Supplement: http://www.glassdoor.com/press/surveys.Survey. To request the survey supplement, graphics and/or complete survey methodology, please contact pr [at] Glassdoor [dot] com.

Methodology 

[1] For the purposes of this study "employees" were defined as GB adults 16+ employed full time and/or part time unless otherwise indicated.

[2]The Q1 2014 survey was conducted online within Great Britain by Harris Poll on behalf of Glassdoor from March 25-31, 2014. For complete survey methodology, including weighting variables, please contact [email protected].   

About Glassdoor 

Glassdoor is the world's most transparent career community that is changing the way people find jobs and companies recruit top talent. Founded in 2007, Glassdoor offers members the latest job listings, as well as access to proprietary user-generated content including company-specific salary reports, ratings and reviews, CEO approval ratings, interview questions and reviews, office photos and more. Members also have the ability to see Inside Connections™ at particular companies via their Facebook network. In addition, thousands of employers are using Glassdoor's Talent Solutions to support their recruiting and employment branding efforts. Glassdoor, which won the 2013 Webby Award for Best Employment Site, is one of the most popular mobile job apps on iOS and Android platforms. Glassdoor is backed by Benchmark, Sutter Hill Ventures, Battery Ventures, DAG Ventures, Dragoneer Investment Group and Tiger Global. More information about Glassdoor can be found on the Glassdoor Blog, Glassdoor Talent Solutions Blog and by following the company on Twitter, Facebook, Google+ and LinkedIn.

Glassdoor.com is a registered trademark of Glassdoor, Inc.

 

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