Recession Causes Increased Concern About Financial Stability and Job Security
January 28th, 2009A recent survey conducted by global professional services firm Towers Perrin indicates that today’s workers are more concerned about keeping their jobs in the face of America’s economic downturn.The survey was conducted between December 3 and December 11, 2008 and targeted U.S.-based employees of midsize and large companies. It found that 82% of U.S. workers have been personally affected by the downturn in the economy. An overwhelming 91% said their companies have been affected as well.
A survey the firm conducted just four months ago reported that the balance of work and family were workers largest concern. However, within months, those concerns have shifted to job security and maintaining health benefits.
“In an economic downturn, employees want to lock down the things they need to provide stability and security for themselves and their families. A steady paycheck and set of core benefits, including health care coverage, typically top that list,” said Emmett Seaborn, a Towers Perrin principal.
Other survey findings indicate that more workers are more personally motivated to help their company succeed, probably in recognition of a shared destiny. More of today’s older workers are also considering delaying retirement because of depleting retirement funds.
If you’re looking for a career with increased job security and employment outlook that promises to ride out the economic storm, find out more about the job-based training programs in your area. Often, career schools choose to provide programs that help meet the demands of the marketplace.
Government jobs, like homeland security and law enforcement promise more job security than those in the private sector. Healthcare and education careers also tend to weather financial storms.
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