According to the latest Randstad Workmonitor Survey which covers 32 countries around the globe; almost half of the employees worldwide (49%) expect the economic situation in their country to improve in 2014.
In India employees are extremely positive (84%) in their outlook for 2014. However, employees in Southern Europe are the least positive (35%). Employees in Eastern Europe are much more positive this year (41%) expect improvements in 2013 vs. (24%) in 2012. In Latin America, Chileans are significantly more positive with (64%) compared to Mexico (43%) and Argentina (41%).
Overall, male respondents are a bit more optimistic in their economic outlook (52% expect improvements) than their female counterparts.
Ben Noteboom, CEO of Randstad noted that "It is interesting to see that employee sentiment does not always correspond with actual numbers…For example, we have seen a return to growth in most markets, although the change has been less dramatic than in previous recoveries. We know that people tend to linger too long in a certain mindset, whether it's a downturn or an upswing. Getting used to a new situation takes time. I just like to reiterate the positive signals".
Pay Rise and Bonus Expectations
Globally (58%) of employees expect to receive a raise. Employees in Asia (75%) and Latin America (84%) score highest in this expectation. Almost half (48%) of the respondents expect to receive a bonus, especially in Mexico (84%) and Hong Kong (85%). Bonuses don't seem very common in Sweden where only (11%) expect to receive one.
Employee Confidence Increased
Although the level of confidence in finding a new job within 6 months slightly declined to (68%) in the fourth quarter, employee confidence has increased by (4%) over the course of 2013 compared to 2012. The fear of job loss increased slightly to (7%).
In Europe, employees in Denmark (80%), Norway (79%) and The Netherlands (76%) are the most satisfied with their current employer. Hungary scores lowest with (48%). In the rest of the world the most satisfied employees are in Mexico (78%) and India (78%) followed by Malaysia (76%) and Canada (75%). Employees in Japan (48%), Hong Kong (48%) and China (54%) are the least satisfied.
Interestingly, (52%) of employees worldwide believe that working with foreign employees adds value to their job with Latin Americans agreeing the most (62%) and Eastern Europeans the least (40%).
Personal Motivation and Development
In Europe, the number of employees focused on a promotion is lowest in the Nordic States (64-65%) and highest in Italy, Luxembourg, France, Germany, Slovakia and Turkey. In the rest of the world, employees in Mexico and India are the most strongly focused on promotion and in Japan the least.
Latin America scored the highest (79%) in personal development and further education. With (62%) of employees increasing their knowledge globally.
Younger employees (under 24 years) seem to benefit more from personal development opportunities (74%) than employees aged of 35 years and older (58%).
All in all, the results of the study show an overall positive attitude towards job outlook for 2014 by employees worldwide. Job Satisfaction and motivation were high in India and Mexico while positive expectations about their country’s economies were also strong in India, Chile and Eastern Europe. It is clear, however, that employees in Southern Europe – which is experiencing the adverse effects of the economic crisis - are the least ambitious about economic upturn in their country.