UK FS Workers Pessimistic about Job Prospects

Nearly half (45%) of financial services employees are more pessimistic about job prospects now than last month, according to a survey of over 2,900 people by the Keep Britain Working campaign.

Overall 45% said they were more pessimistic about job prospects, while 22% were more optimistic – giving a job optimism index (JOI) score of -23. Although the JOI score is negative, financial services job pessimism has lifted 12 points since May when the index figure was -35.

Overall, 52% of workers across the UK feel positive about their employers’ response to the recession. Nearly a quarter (23%) believe their employer is doing absolutely everything they can to support their staff through the recession. However, 48% of people in work believe that their employer is actively exploiting the situation by imposing unnecessary pay cuts, reduced hours and redundancies.

James Reed, founder of the Keep Britain Working campaign, said: “The unprecedented flexibility of the UK workforce, underpinned by positive relationships between staff and bosses, has saved jobs and prevented the unemployment figures from rising even faster. However, our finding that some UK workers feel exploited is a wake-up call to employers not to take flexibility for granted.”


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