28.09.10

Issue of Redundancy Still the Key Workplace Concern

Nearly a third of workers polled for a new survey commissioned by the insurer Abbey Legal Protection (ALP) said they were worried about being made redundant from their job.

When asked which workplace issues were of current worry to them, over a third (36 per cent) of senior managers and almost half (42 per cent) of executives without management responsibility identified redundancy as an existing concern, revealing that uncertainty and job insecurity is still rife despite talk of an improvement in the economy.

On the other hand, almost a third of UK CEOs surveyed (29 per cent) said they have no work concerns at all.

The weighted survey of over 1,300 workers was commissioned by the insurer Abbey Legal Protection (ALP) found that redundancy doesn’t appear as an item of concern on the agendas of CEOs with a mere 5 per cent of them labeling it as a worry.  Of greatest concern to CEOs was a potential tax investigation by HMRC (12 per cent) and employee stress and impact on health (11 per cent).

Commenting on the findings, Richard Candy, of ALP said:

”Although the wider economic environment appears to be more positive than it was this time last year, the issue of redundancy is clearly still at the forefront of employee minds, and one that concerns them on a regular basis.  CEOs themselves may not be worried about their own management positions but they should be aware of the wider sentiment amongst their workforce.

“It would be misleading for managers to give their employees a false sense of security by pretending that the market is “back to normal” and redundancy is not a workplace possibility.….. Redundancy is still a real threat in the current economic climate and if businesses are forced to cut costs through a reduction in head-count, then it is critical that they meet their obligations as employers and follow the right procedures in order to avoid potentially huge legal claims.”

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