Career Changes abandoned as staff cling to jobs
Employees are scrapping plans to make New Year job changes because of instability in the employment market caused by the economic crisis, according to the National Endowment for Science, Technology and the Arts (NESTA).
A NESTA survey of 2,000 workers found that eight in ten employees said they would be sticking with their existing job, saying they felt lucky to be employed in the current market. Four in ten said they are choosing to stay in jobs they do not enjoy, rather than look for a better job elsewhere. NESTA chief executive Jonathan Kestenbaum said:
“Employees have decided that where they can, they are going to sit tight, work harder and try to ride out the recession,”
The survey also revealed that 50% of employees plan to work harder to boost their prospects in their current role, and more than 80% believed that the competition for jobs that do exist is fiercer than ever.
Chartered Institute of Personnel and Development (CIPD) adviser Claire McCartney said that the unstable job market meant there was an opportunity for employers to improve employee motivation and engagement levels.
“At the moment, employees will be looking at internal opportunities for training and promotion rather than thinking about changing employer. By offering individuals scope for development, businesses are more likely to hold on to key staff, and improve morale and levels of engagement in the workplace at the same time.”
McCartney added that businesses which are suffering in the downturn need to be honest with staff.
“Ask your staff for input if parts of the business aren’t doing well, and get them involved. That way, employees are more likely to understand if you can’t afford promotion or a pay rise this year.”