economic crisis

New Job?

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 cu... »