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.”
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