Workers less fearful of losing job

Published: Wednesday 15th October 2014 by The News Editor

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Fewer workers fear losing their jobs amid falling unemployment, according to new research.

Fewer than one in five people were afraid of being laid off in the coming months, compared to almost a third earlier this year , a study by employment website Glassdoor found .

Unemployed people are also “significantly” more confident of finding a job matched to their experience.

Jon Ingham of Glassdoor said: “At companies across the UK we are seeing a reduced level of belt tightening, with employees reporting less restructuring, fewer redundancies and a drop in hiring freezes.

“While we have not yet seen advances across all job market confidence factors, it does suggest that job search activity may begin to heat up.”

The study of more than 2,000 adults also showed that more than a third expect to receive a pay rise in the next year, although there was a huge difference between men and women.

More than two out of five men believed their pay will increase, compared with one in four women.

A third of those questioned predicted that their company’s business outlook will improve in the next six months.

The report was published ahead of the latest unemployment figures, which are expected to show another fall in the jobless total.

Employment Minister Esther McVey said: “This optimism reflects that the economy is growing in strength, resilience and stability as more jobs are being created. Employment is up, unemployment is down and there are more than 670,000 vacancies at any one time.

“With millions more people in private sector employment under this Government, it is clear that our long-term economic plan is helping people feel greater security, and helping Britain to recover following one of the deepest recessions in living memory.”

Published: Wednesday 15th October 2014 by The News Editor

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