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Employees 'realistic' about current prospects

Published: Friday, 09 January 2009   Category: Career Advice

Employees are much aware of the impacts of the current economic climate on their employers and are modifying their current career expectations as a result, it has been suggested.

According to Tom Hadley, director of external affairs at the Recruitment and Employment Confederation (REC), workers are accepting that pay rises and further opportunities may be temporarily put on hold.

He stated: "In more upbeat times people can be quite bullish… but I think people understand there are fewer opportunities and there's therefore not so much push from the employee side," he said.

In better news for graduates, Mr Hadley suggested that employers had learned from previous downturns and resisted the urge to panic themselves into making redundancies.

The Report on Jobs sponsored by KPMG and the Recruitment and Employment Confederation reported that a decline in demand for staff applied downward pressure on salaries in December 2008.

Meanwhile, 1.4 million workers claimed to be unhappy in their current employment but said they felt unable to move due to the downturn.
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