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Over half of UK workers worry about their job security

Published on 21/05/2013

Around 51% of British workers feel less secure about their job and under more pressure for the first time in 20 years, a recent survey has revealed.

Pay reductions concern UK employees

Pay cuts and a continued lack of control over their jobs were some of the concerns that workers highlighted in a recent national survey of employee’s wellbeing.

The Skills and Employment survey, commissioned every six years by the Economic and Social Research Council and the UK Commission for Employment and Skills, interviewed more than 3,000 workers aged between 20 and 60.

The readings may come as little surprise as figures from the Office of National Statistics in spring 2013 showed that unemployment rates continue to rise.

As of March 2013, the unemployment rate in the UK was 7.8% and an estimated 2.5 million people were unemployed.

Both employees from the public and private sector feared for their jobs and for the first time since 1997, public sector workers were more worried by losing their job.

Other worries for the British workforce included pay reductions, loss of input into their job and a third were concerned with being treated unfairly.

The research concluded that overall job stress had increased and job-related welfare has decreased since 2006.

The survey was hosted by the Centre for Learning and Life Chances in Knowledge Economics and Societies (LLAKES) at the Institute of Education (IOE), London.

Francis Green, Professor of Work and Education Economics at the IOE, said: "Since the start of the recession, the growth of fear not only of employment loss but of unfair treatment and loss of status was particularly strong in the public sector.

“Attention should be paid to the deteriorating climate of employee relations in this area."

If you are concerned about your job security you can take out an income protection policy that can cover you in the event of involuntary redundancy.

© ActiveQuote Ltd. 2013

Categories:  Income Protection
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