Confidence in job security is lower in women

Only 69% of female workers are confident about their job security compared to nearly three quarters (74%) of male workers, according to the latest findings from Legal & General’s Job Security Index. This figure for women is the lowest it has been since the Index began in January 2012.

Overall, the figure for female workers’ confidence in their job security has fallen by 7% since October 2012, when job confidence was at its highest level at 76%. Over the same period male workers’ confidence in their job security also shows a fall from 79% in October, but of only 5%, down to 74% in July. Confidence in job security for male workers has remained static at 74% since last quarter’s figures in April 2013, in contrast to the 4% drop seen in female workers’ confidence in their job security over the same period.

Total confidence in job security for all UK workers has decreased to an Index low of 72%, reflecting the decline in female workers’ confidence in their job security.

Interestingly, the fall in female workers’ confidence in their job security also coincides with a decrease in part-time workers’ confidence, which is at an Index low of 64%. Confidence in job security for part-time workers has dropped by 9% since October 2012, when confidence for this sector of workers was at its highest level at 73%.

Mark Holweger, Director at Legal & General’s general insurance business said:

“With the latest government statistics showing that 74% of all part-time workers are female, it’s clear that women are often the ones who opt for part-time roles to juggle family arrangements, and they appear to be the ones feeling under the most pressure at the moment. That pressure is then compounded by the fact that only just over a quarter (27%) of female workers believe that they would find another job, of a similar level and pay, in the same sector, within six months if they were to lose their job tomorrow.”

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