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Job security isn’t there for Australian professionals

  • April 21 2020
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Job security isn’t there for Australian professionals

By Grace Ormsby
April 21 2020

More than half of Australian workers have reduced their spending since the COVID-19 crisis began in a telling display of low confidence.

job security

Job security isn’t there for Australian professionals

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  • April 21 2020
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More than half of Australian workers have reduced their spending since the COVID-19 crisis began in a telling display of low confidence.

job security

The LinkedIn Workforce Confidence Index has revealed that confidence is low amongst Australian professionals, propelled by anxiety around finances, job prospects and job security.

Despite this, confidence is still polling at a +8 on the LinkedIn scale provided that runs all the way from -100 to +100, showing positive sentiment is just outweighing the negatives.

With 36 per cent of Australians polled by the career platform revealing a drop in income and wages, it’s unsurprising that 52 per cent of Australians revealed they have reduced their personal spending during the crisis.

This figure jumps higher among self-employed individuals, where 63 per cent indicated they had tightened their purse strings since COVID-19 effects began.

The survey results show similar caution around job and career prospects, with 65 per cent of respondents stating they expect the number of available roles to decrease over the next two weeks alone, while 55 per cent think recruiter responses will be few and far between in that same period.

This outlook lead nearly one-third (27 per cent) of respondents Australia-wide to indicate they will be increasing their time spent looking for work over the next two weeks.

Job security isn’t there for Australian professionals
job security
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About the author

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Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

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