Survey Finds Fears of Recession Occupying Many Workers Minds

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Recession - shutterstock

More than 70% of people are concerned about their future employment prospects according to a survey from Virtualrecruitment.ie.

The reseach suggests that workers have a lack of confidence in the future jobs market as a result of Covid-19 and the prospect of a recession.

It surveyed 1,200 people across IT, science and engineering, finance, education, hospitality, medicine and retail.

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Virtualrecruitment.ie says more than 3/4 of participants said that Covid-19 has affected their working situation

Nearly three-quarters (72%) of those surveyed cited concerns for the future of their employment. A potential recession was the main reason given, followed by Covid-19, the housing crisis and industries going through financial difficulties.

More than half of participants said they had already thought about changing job sectors this year. A lack of opportunities was cited by 45% of respondents.

Meanwhile, more than half believe the Government has done enough to support employment during the crisism while less than one-third said it should be doing more.

Around 35% of the survey respondents had done some remote work before Covid-19, but 50% were fully office-based. Since the start of the pandemic, however, 70% have pivoted to remote working.

69% of participants said they expect their working conditions to become a mix of remote and office-based work as the future unfolds. More than half (57%) also expect their employer to embrace remote working post-pandemic.

Overall, 81% said the Government should prioritise putting supports in place for remote working.