Over half of workers are confident in their job security

Despite the UK being in a recession, recent data has shown that over half of employees feel confident about their job security.

It’s thought that continued skills shortages and vacancy numbers that remain considerably higher than pre-pandemic levels are key contributing factors.

As well as this, the Robert Half Jobs Confidence Index (JCI) shows that pay confidence was positive for a third consecutive quarter, putting it above the long-run average.

Commenting on this, Senior Managing Director UK & Ireland at Robert Half, Matt Weston, said, “Be under no illusion that workers are feeling confident with regards to their job security and ability to command better pay, despite the gloomy economic news.

“Those who want jobs can, on the whole, find employment. Wages are also up, with real earnings growing for the third consecutive quarter. In a skills-short, tight labour market, self-assured workers have been quitting or striking on an epic scale.

“Quitters either get a higher counteroffer or leave a role behind – which usually comes with a pay rise or a promotion for those left, ultimately fuelling the wage growth policymakers are fearing.”

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