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People in graduate jobs fear over salary, job security

Published: Friday, 04 February 2011   Category: Business Management

According to the latest quarterly Employee Outlook Survey from the Chartered Institute of Personnel and Development (CIPD), employees are becoming more anxious over these factors.

The research also indicated that a third of staff feel their standard of living has worsened over the past six months, with only ten per cent having felt an improvement.

Some 46 per cent said their organisation has frozen pay, while seven per cent had been forced to take a pay cut.

The CIPD urged companies to ensure they have high-quality management in place so as to raise employee morale and engagement.

“With employees feeling the pinch financially, concerned over their job security and with fewer opportunities to move up or move on, employers need to deliver consistently high-quality leadership and management on the front line," said Ben Willmott, senior public policy advisor for the CIPD.

"If organisations don’t invest in developing high performing managers, they may find better managed competitors racing past on the road to recovery."