In this critical time, understanding the employee mindset is essential.
At Selby Jennings, we recently surveyed over 900 financial services professionals across the world to gauge their sentiment towards the job market and the economy.
The global results are presented in our inaugural Job Confidence Index 2020. This index reports on financial services professionals’ confidence in the economy, holding or getting a job, their compensation and bonus, and the driving motivation factors in current circumstances. As an employer or hiring manager, this information gives you the power to attract, motivate and retain talent in a time of crisis. As a professional, it gives you a peek inside the mind of your peers across the world.
With the survey period coinciding with regional peaks of the Covid-19 pandemic, the impact it had on the sentiment of professionals is undeniable. However, we do see cause for cautious optimism both in the results and in signs of market recovery.
Download the full report to explore global trends and regional differences between Europe, the United States and Asia Pacific.
· 49% of financial services professionals feel negative about the current job market. Similarly, 47% do not believe the job market will improve over the next 12 months.
· Over half (57%) feel confident about their job security over the next six
months, yet only 49% are satisfied with their current job.
· Despite a negative perception of the job market, one third (33%) are
planning to leave their job within six months.
· 2 in 5 (40%) say their compensation is likely to increase. However, the majority (70%) say that career progression opportunities, not compensation, would persuade them to seek new employment.