Employees Believe Their Jobs Are Not at Risk
- 83% — reduced personal spending/cut back on discretionary expenses
- 44% — decreased the use of credit cards/cancelled credit accounts
- 16% — increased the use of credit cards/opened credit card accounts
- 9% — actively searched for higher-paying jobs
- 9% — reduced contributions to employer-sponsored retirement savings plans
- The impact of changes to benefit offerings. Nearly one-half (46%) of polled workers said reductions to employer-sponsored health care benefits would have " a significant negative impact" on them while 57% said the same if contributions to their retirement plan were suspended.
- A description of those actively job hunting now. Only 3% of employees are "actively" searching for a job, while 17% are "passively" looking. The overwhelming majority — 80% — are currently "not searching for a job at all."
- Job risk perception if the economy continues to decline over the next six months. The responses are unchanged from January to June with 35% responding "not at risk" and 36% responding "slightly at risk while 11% said "significantly at risk". An insignificant change marks "moderately at risk" — 17% said so in June compared with 18% in January.
- The difficulty of the job hunt. In the last six months, the number of "actively job searching" employees who said that the current economic downturn increased the difficulty of finding a job nearly doubled from 27% in January 2009 to 53% in June 2009.