Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

Earn

Job security isn’t there for Australian professionals

By Grace Ormsby · April 21 2020
Reading:
egg

Earn

Job security isn’t there for Australian professionals

By Grace Ormsby
April 21 2020
Reading:
egg
job security

Job security isn’t there for Australian professionals

author image
By Grace Ormsby · April 21 2020
Reading:
egg
job security

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

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
nestegg logo
Advertisement

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article
author image

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.

Join the nestegg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

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.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

more on this topic

NSW Parliament House

NSW wage freeze war to continue

10 jobs to emerge

10 jobs to emerge even stronger from COVID-19

Josh Frydenberg

Calls for government to splash the JobKeeper cash

underemployment costing

How much is underemployment costing the Australian economy?

jobs at risk

500k jobs at risk

Worker optimism on its way up

Worker optimism on its way up

most viewed

home renovations

Economy

PM to give grants for home renovations

WA headed for recession

Economy

WA headed for recession

Centrelink

Expenses

Government to repay $721 million generated via robodebt

Philip Lowe

Economy

Australia’s economy is ‘better than expected’

Listen to

Robo tech ETFs

What the heck is with robots and tech - ETFs explained

More podcasts

bryan ashenden david stratford super spot superannuation

Find super’s sweet spot

more on this topic

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.