Over 61percent of employees globally label the economic situation in their country as ‘bad’, according to the latest findings of the Randstad Workmonitor. Despite the economic state of affairs of a country, 71.5 percent of respondents globally say their current employer is performing well financially. And almost 66 percent expect the performance of their employer to further improve in 2013.
Nearly two-thirds of those surveyed (64 percent) expect a pay raise this year. In some countries, the expectation to receive a pay raise has significantly increased compared to 2010. Examples are the United Kingdom (36 percent in 2010 vs. 61 percent in 2012), the United States (39 percent vs. 69 percent) and Australia (52 percent vs. 75 percent). Germany, on the other hand, has lower expectations regarding a pay raise than two years ago: 77 percent in 2010 vs. 57 percent now.
The Mobility Index has climbed to 108, the highest position to date, which means more employees are expecting to be employed elsewhere in the next 6 months than in previous quarters. Mobility has increased in Belgium, Poland, Denmark, Hungary and Chile. Mobility declined in New Zealand and China. Globally 11 percent is actively looking for a new job. In Hungary, more people are actively looking for a new job (+6 percent).
Confidence in finding a different job decreased from 69 percent in third quarter 2012 to 67 percent in fourth quarter. Confidence in finding a comparable job slightly decreased to 63 percent, back to the level of second quarter 2012. The level of confidence is the lowest in Japan (36 percent) and the highest in India (90 percent). Significant fear of job loss has increased in the UK, Canada, and China and declined in Belgium, Denmark, and Brazil.
Countries with the highest job satisfaction are India (84 percent), Mexico (81 percent), Norway (78 percent), Denmark & Malaysia (76 percent), and Sweden (75 percent). Sweden even saw a +10 percent increase in satisfaction compared to last quarter. In Denmark employees are less satisfied (-7 percent) than in Q3 but the Danish can still be considered some of the most satisfied employees in Europe. Japan had the smallest proportion of satisfied employees.
In Europe, employees in France (-4 percent) and Switzerland (-8 percent) are less focused on getting a promotion compared to last quarter. Employees in Hungary (+8 percent) are more focused on getting a promotion than a quarter ago. Despite a decrease compared to Q3, Mexico (-5 percent) maintains the strongest focus on promotion outside Europe, together with India.
