UK – Recession hits workplaces, but not employee attitudes

by Sabrina I. Pacifici on January 27, 2013

National Institute of Economic and Social Research: “According to the latest Workplace Employment Relations Study, the recession has had a profound impact on Britain’s workplaces. In many workplaces, managers have responded with changes in their staffing practices, with one third (33%) of employees seeing their wages frozen or cut and 29% seeing their workload increased. While these manifestations of labour market flexibility obviously are bad news for workers, they may have helped avert even worse outcomes – only 14% of workplaces made compulsory redundancies. This might account for continued high levels of job satisfaction, which have actually risen since the survey was last conducted in 2004.”

  • Related postings on financial system
  • Previous post:

    Next post: