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Posted by on in Redundancy
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A widening gap over job security

The gap between part-time and full-time workers' confidence in their job security is widening, according to the latest findings from Legal & General’s Job Security Index.

Just under two thirds, (64%) of part-time workers are confident about their job security, compared to nearly three quarters, (74%) of full-time workers. With a 10% difference between the two groups, the confidence gap equals the largest since the Index began in January 2012.

The figure for part-time workers’ confidence in their job security has fallen by 9% since October 2012, when their job confidence was at its highest level at 73%. Over the same period full-time workers confidence also shows a fall, but of only 5%.

Interestingly this lack of confidence in job security is not matched by a greater difference in the perceived risk of redundancy. Around 5% of part-time workers currently consider themselves at risk of redundancy, which is similar to full-time workers perceived risk of redundancy (4%) – a difference of just 1%.

In addition, the percentage of part-time workers worrying about how they will maintain their current standard of living over the next three months, has also dramatically decreased, falling from over a quarter, (26%) in April 2013, down to just 16% in July 2013.

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