One in five workers fears losing job, a very recent survey suggests
The survey suggests that job insecurity remains rife. This in turn means that EQ emotional intelligence is even more important in these ‘dreadful’ austerity times. Jobs (or the lack of or the danger of losing them) creates enormous stress and strife and we all owe it to ourselves to recognise, accept and understand how we are feeling, acting and reacting to others and what the personal and relationship ramifications can be.
The Chartered Institute of Personnel and Development (CIPD) is calling on Companies and Organisations to ensure that managers demonstrate high-quality leadership in order to raise morale and positively engage employees in the workplace.
More than half of the 2,000 workers surveyed also claimed that their employer had either frozen or cut pay.
Falling living standards
The CIPD has said that the quarterly survey illustrated 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 those surveyed said their standard of living had gotten worse over the last six months. This compared with just 10% who said it had improved.
“If organisations don’t invest in developing high-performing managers, they may find better managed competitors racing past them on the road to recovery,” said the CIPD’s Ben Willmott.
“Employers need to find cost-effective ways of equipping their line managers with the people and management skills to support employee engagement and wellbeing.”
Also reported, almost two-thirds of public sector workers fear for their jobs that highlights the destabilising effects on staff of the biggest government-spending squeeze for 50 years.
One in four public sector workers believe it’s likely they will lose their jobs and 63% say that their stress has increased as a result of the economic downturn.
A survey of 2,000 employees by the Chartered Institute of Personnel and Development (CIPD) showed one in three workers across all sectors say their standard of living has fallen in the past six months with half saying that their organisation either froze or cut pay last year.
Figures compiled by the GMB union this week, based on official “job at risk” notifications, show that more than 150,000 jobs are on the line at 260 councils and authorities, with a further 239 yet to declare.
The NHS is also gearing up for job cuts and bed closures as it embarks on a massive savings programme. Yesterday Barts and the London NHS hospital trust said it would shed more than 630 posts, many of which would be clinical roles. The trust said it did not expect compulsory redundancies among clinical staff and said there would be no more than 200 job losses as a result of cutting unfilled posts and reducing temporary workers.
Leeds city council yesterday announced a £90m cuts package from April which will see 1,500 staff leave over the next 12 months, and lead to a spate of service closures including leisure centres, residential homes and day centres, and hostels for homeless people. Sheffield city council also announced it will axe 270 jobs, on top of the 400 that have already disappeared in the past few months. Leeds council leader Keith Wakefield described the cuts as “the biggest challenge that Leeds council and local government has faced since the 1930s”. The council has drawn up cost-cutting initiatives including reducing the number of senior managers by 25% and is cutting bills after taking free advice from Asda on how to squeeze better prices out of its suppliers. Its chief executive, Tom Riordan, has taken a 5% pay cut while allowances have been frozen for councillors.
Wakefield said the council would have to make another £25m savings in 2012-13 and will shed 3,000 jobs in total over the next four years.
Cuts in all areas of government will lead to around 330,000 posts disappearing by 2014/15, according to the government’s independent watchdog, the Office for Budget Responsibility.
Paul Kenny, GMB general secretary, accused the coalition of deliberately creating unemployment on a scale never seen before. “The impact for those who depend on these services will be devastating.”
The report follows a speech last week by the Bank of England governor, Mervyn King, who said the financial crisis had meant severe cuts in real wages as inflation stayed high while pay remained low. He said: “In 2011, real wages are likely to be no higher than they were in 2005. One has to go back to the 1920s to find a time when real wages fell over a period of six years.”
This bad news is not new. We all know about it. This bad news does not come as a surprise to Senior Management and Company Directors. What does come as a surprise to us (Lambda Mi) and to so many employees, is the lack of recognition, acceptance and understanding of the situation. Only last week, a Council Department Manager had to apologise on the TV News broadcast for a ridiculous email circulated to staff, intimating that they (the staff) should clock out when talking or having ‘non-work related conversations”. This surely highlights the lack of understanding and common sense.
EQ emotional intelligence awareness training, education and workshops are available fro Lambda Mi to address many of these issues and to provide managers, Senior Managers etc, with the necessary skills and understanding that dominate in the workplace today.
Contact Lambda Mi for more information, guidance and support.