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Employees 'do not feel safe in their jobs'

5 August 2008 15:43

Some employees feel less secure in their jobs than they did 12 months ago, a new survey from Lloyds TSB has revealed, which could affect the employment plans of those with jobs in credit control or other banking and middle office positions.

According to Trevor Williams, chief economist at Lloyds TSB Corporate Markets, workers' dwindling confidence in their job security, coupled with expected rises in inflation, could create a "lethal cocktail for consumer spending".

He added: "If people don't feel safe in their job and high prices are putting incomes under pressure then demand for discretionary purchases will naturally slow."

The North County Journal reported recently that new research carried out by Harris Interactive has indicated that a number of workers are looking to take on more responsibility in their organisation.

A personal branding expert told the newspaper that workers who take on additional tasks may benefit in the event of downsizing, as they will be perceived as people who genuinely work hard, rather than "going through the motions".

The newspaper added that people who seek to solve specific problems in the workplace - such as by becoming familiar with new technology - may be one strategy employees wish to take to make a greater impact.

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