Kiwis no longer believe in job security
More than two thirds of New Zealand workers in a recent survey say job security no longer exists, according to a workforce indicator.
The workmonitor survey from global recruiter Randstad tracks employee confidence and expectations for the coming six months.
More than 13,000 employees were surveyed online globally for the study, with about 400 New Zealanders participating. They were asked whether they were actively looking for a new job, whether they had trust in finding a comparable or different one within the next six months and whether they feared losing their present position.
New Zealand employees were less confident of finding a new job in the quarter ending June on the previous survey and more likely to stay in their present role in the next six months.
The workmonitor mobility index, which tracks changes in the "mobility state of mind" of the labour force, dropped eight points to 100. That's its lowest level in New Zealand since 2011, Randstad said.
When calculating the mobility index, the base is always set at 100.
New Zealand's result is lower Australia's, which registered 111 - an increase of nine points, and the USA and Britain, which recorded 105. The diminishing sense of job security was felt most among younger workers, but conversely they were more confident about finding work elsewhere than older workers.
Overall Kiwis' trust in finding a comparable job, or a different job, within the next six months dropped nine points.
Randstad New Zealand director Paul Robinson said people were sitting tight in their present roles and working harder than ever to prove their worth, resulting in less mobility in the market.
He said the outlook in the last quarter of 2012 had been "overwhelmingly positive" with almost two-thirds of New Zealanders surveyed confident they could find comparable employment, which was significantly different to the findings for this quarter.
More than three-quarters of those surveyed in the latest monitor said they were likely to settle for roles below their education level.