WE recently undertook a national employee confidence survey that assessed employees’ outlook and perceptions on a number of issues pertaining to the economy, employers, job security and employment opportunities. This survey assessed employee confidence levels in the last quarter of 2017.
Some 252 participants responded to this survey. The average age of the participants was 40 years. The average work experience for participants was 16 years and their average tenure in their current organisation is nine years. Participants were drawn from over 15 economic sectors.
The overall Employee Confidence Index was 71 percent, compared to 34 percent in the third quarter of 2017.
Fifty-seven percent of the participants believed they would get a similar or better job in the next six months if they lose their jobs now, compared to 43 percent of the third quarter. The majority of the participants (76 percent) were not confident that they would get a cost of living adjustment, looking at their organisation’s current circumstances and outlook for the next months, compared to the 84 percent for the third quarter. However, the confidence level had improved from the previous quarter.
A large proportion of the participants (77 percent) were not concerned that they could be retrenched in the next six months, compared to 67 percent in the previous quarter..
The confidence level had improved, highlighting firmer job security.
Sixty-nine percent of the participants expect things to be better in the next six months, compared to 36 percent in the third quarter of 2017.
In the next six months, 87 percent of the participants expected the economy to improve, compared with 21 percent in the third quarter. This highlighted a stronger business outlook optimism.
Sixty-seven percent of the participants believed their organisations’ leadership was capable of changing the fortunes for the better, compared to 57 percent in the third quarter 2017.
The most negative thing that participants experienced in their organisations during the last quarter of 2017 was reduced benefits. Hiring new employees was the most positive thing (42 percent) that happened in the past six months in the participants’ organisations, compared to 36 percent in the third quarter.
Most employees in Zimbabwe were confident that if they lost their jobs right now they would be able to get another similar or better job in the next six months. Majority of the participants were not confident that they would get a cost of living adjustment this year, looking at their organisation’s current circumstances and outlook for the coming months.
This was the same as of the third quarter.
A large proportion of the participants expected things to get better in the next six months and they also expected the economy to improve.
The results suggested that many organisations were reducing employee benefits.
In the last six months, employee benefits were reduced, salaries were delayed, employees were retrenched and some employees were forced to take unpaid leave. However, some organisations hired new employees, increased salaries, offered employees personal loans and housing loans.
To receive the full Employee Confidence Survey Report, contact me on the details below.
Memory Nguwi is an occupational psychologist, data scientist, speaker, and managing consultant — Industrial Psychology Consultants (Pvt) Ltd a management and human resources consulting firm. https://www.linkedin.com/in/memorynguwi/ Phone 481946-48/481950/2900276/2900966 or cell number 077 2356 361 or email: email@example.com or visit our website at www.ipcconsultants.com