CIPD survey highlights salary and job security concerns
The quarterly Employee Outlook Survey from the Chartered Institute of Personnel and Development reveals that the quality of management is crucial to lift employee morale and engagement at work, as findings highlight salary and job security concerns.
This quarter’s Employee Outlook Survey from the Chartered Institute of Personnel and Development (CIPD) illustrates the extent to which employees are concerned about their standard of living, as inflation continues to erode the real value of wages. Almost a third of staff say their standard of living has worsened over the last six months compared to 10% who say that it has improved.
Highlighting the growing impact of spending cuts on the public sector in particular, the survey finds that seven in ten public sector workers have had their pay either frozen (63%) or cut (6%). This compares to 42% of private sector employees who’ve seen their pay frozen, and 7% who’ve seen it cut.
There’s also a growing sense of realism in the public sector relating to the risk of redundancy. The survey shows that a fifth of all employees (20%) believe it is likely they could lose their job, but in the public sector this figure rises to 31%, up from 25% last quarter. In the private and voluntary sectors, however, redundancy expectations have remained largely static, standing at 17% and 22% respectively, compared to 17% and 23% last quarter.
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