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Close
to 30 percent of workers polled in Hong Kong say they
could lose their jobs in the coming year, according
to a worldwide survey of nearly 10,000 workers in 18
countries conducted by Right Management Consultants.
A year ago the number of pessimists in Hong Kong stood
at a quarter, now it's nearly a third. The survey covered
both blue collar and white-collar employees and was
conducted in the first half of March.
"We have the dubious distinction of being the
world's most worried workers," said Steve Lazar,
Right's Managing Principal for the Greater China Region.
"Economic growth is seemingly headed upwards and
might hit 5 or 6 percent this year, but employment and
employment sentiment are still lagging."
He believes the workforce as a rule was demoralised
by the high unemployment rates of the past two years
and the standstill on salary increases at many companies.
A Hong Kong stock market rally and a sudden property
price boom that began last year haven't jolted employment
sentiment upward. Mr Lazar said that although asset
values were increasing, the prospect of some service
industry jobs migrating to China or India has continued
to dampen enthusiasm.
Overall, workers around the globe were slightly more
optimistic about the job market and their career prospects
than they were when Right last conducted its global
Career Confidence Index survey six months ago.
The findings lifted the overall global Career Confidence
Index to 50.0, up from 48.7 six months ago. Individual
country results ranged from a low of 42.0 in Hong Kong
to a high of 60.2 in Norway.
Workers in Hong Kong and Switzerland were the most
concerned about losing their jobs, while workers in
Norway and Sweden were the most confident about keeping
them. In Norway, 92.9 percent of workers said there
was little or no chance they would lose their job in
the coming year. Eighty-eight percent of Swedes said
the same. The global average for the perceived likelihood
of losing a job was 17.1 percent. The average percentage
of workers worldwide who said their job was not at risk
was 78.6 percent.
When asked how easy or difficult it would be for the
average laid-off worker to find comparable work at the
same pay, 75 percent or more of workers in 15 of the
18 countries surveyed said it would be somewhat or very
difficult. German (93.3 percent) and Swiss (88 percent)
workers were the most pessimistic on this question.
Koreans were the most confident about finding a new
job: 29 percent said it would be somewhat or very easy
for a laid-off worker to find a similar-paying job.
"Overall, worker confidence levels around the
globe appear to be stronger than they were six months
ago," said Richard J Pinola, Chairman and Chief
Executive Officer of Right. "Even though nine countries
registered an improved index and nine reported a drop,
the increases were more significant than were the slight
drops."
Countries that registered the most dramatic increases
in worker confidence levels were: Ireland (from 44.9
to 49.9), Canada (47.6 to 52.2), the U.K. (45.7 to 50.2),
Norway (56.2 to 60.2) and the United States (44.3 to
48.3).
Norway, home to the world's most confident workers,
saw an impressive jump in an already high Career Confidence
Index. Ninety-three percent of Norwegians said there
was no possibility they would lose their jobs.
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