it@cork

Trends begin Swing back to Positivity

Berkley's latest job/workforce sentiment survey released

Headlines

• 75% of surveyed Workforce feel Lisbon will contribute to Recovery
• 42 point swing towards recovery sentiment, 44% feel recession getting worse compared to 6 months ago, when it was 86%. Whilst 56% feel we are over the worst or near the end, compared to 14% 6 months ago.
• 10% more are now less worried about their job security, giving a welcome shift in the trend.
• 34% of people expect a payrise in 2010, down 5 points, but majority still show no payrise expected at 57% up 5 points. While 9% expect a paycut, no change.
• Workers Perception is still that opportunities aren’t coming through, despite optimism on economic progress. 81% showing not enough opportunities in the market.
• 47% feel their company is in a worse position than 12 months ago, compared to 50% six months ago. 18% feel their company is in a better position.
• 9 Points gain for Optimism in jobs market; 25% of all workers optimistic, while those pessimistic have dropped 13 points to 42%.
• In low skilled/manufacturing roles, there is a dramatic swing of 38 points from people expecting “Significant job losses” to 31%, while there are still 83% of people expect job losses, just not as large as before. Meanwhile 17% of people expect no job losses or increase in jobs, compared to 5% in previous survey.
• In the high End R&D market it shows 22% of people expect jobs growth, compared to just 9% six months ago. While job losses has gone from 59% to 44%, a 15 point swing to positive territory.

For full survey details see attached document