Worldwide, the uncertainty of the economy -especially due to high inflation- significantly affects job security of people. According to a global study, in Argentina, 75% of people are concerned about how economic variables affect job stability. The figure is 23 percentage points higher than the value reported globally, where 52% of workers said they were concerned about this issue.
The study – which detects expectations, moods and behaviors of workers in 34 countries – was carried out by the human resources services company Randstad.
In terms of concern about the impact of the economy on work, the regional average was 74%. Chile is the country reflecting the highest level of concern, with 80% of workers concerned about their job security, followed by Mexico with 77% and Argentina with 75%. At the other extreme there is Brazil with 63% of workers concerned about the same situation.
Faced with the possibility of changing jobs, 71% of Argentines said they would not take a job if it did not provide them with sufficient job security. The same was assured by 68% of Mexicans, 67% of Chileans and 66% of Brazilian workers. Globally, this value stands at 63%.
Speaking of these results, Andrea Ávila, Randstad’s managing director for Argentina and Uruguay, explained that “after the phenomenon of the Great Resignations, where a large number of workers were encouraged to change career path, strengthened by the clarity achieved after the transition of the pandemic, Today there is a more cautious attitude towards the possibility of a change”.
In this same sense, he continued, “although flexibility and the search for a better balance between work and personal life continue to guide career decisions, Even the possibility of finding a job that gives security has become a significant value in the face of growing uncertainty about the direction of the economy.
The rising inflation and contracting activity as primary signals of a weakening global economy impact on trust that workers have in the labor market, in the possibility of losing their jobs and in the capacity for short-term reintegration, the study adds.
When analyzing the factor of fear of losing your job the situation is very uniform at the regional level, where 60% of workers in Argentina, Mexico and Brazil are worried about losing their jobswhile kilos registers only 2 percentage points less, stopped at 58%.
However, concern about macroeconomic fluctuations affects most nations globally, where uncertainty and inflation are establishing themselves as the common currency after the pandemic has passed, the critical situation of many companies that have not managed to recover after more than two years of losses and difficulties, and the impact of the war between Russia and Ukraine.
Faced with this reality, for example, in countries such as In Spain, 73% of workers are concerned about job security and 56% fear losing their jobs, values practically similar to those found in the Randstad report for Latin America, a region with a historically more unstable macroeconomic context.
Another factor closely related to the fear of losing your job is the level of trust in them relocate quickly if you become unemployed. In this sense, 45% of Argentines said they could quickly find a new job, registration the lowest level of confidence in the labor market in the region.
The Randstad studio also inquired the estimated retirement age of workers, another driver directly linked to economic performance. Faced with this question, 64% of Argentine workers indicated that its financial position it prevents you from retiring as soon as you want.
By regional comparison, 68% of Chilean workers do not believe they can retire at the desired age; The same happens with 58% of Mexican workers and 57% of Brazilian workers, clearly showing that the economic situation does not support retirement possibilities at a relatively early age.
“With an economy that does not give clear signals that allow for greater optimism, the endless race against inflation that will not subsidelooking for maintain the purchasing power of wages, it has a significant impact on workers’ expectations and perceptions of uncertainty regarding the labor market which are reflected in the indicators for the start of 2023,” said Ávila.
NS
Source: Clarin
