A recent poll by Monster has revealed that nearly two- thirds (65%) of workers polled do not expect to see an increase in their salary this year, exemplifying the impact of the current economic climate on workers. The poll showed that only 35% of polled workers expect to receive a pay raise in 2009.
Monster Meter recently asked UK workers, ìDo you expect a pay rise this year?î The main findings are as follows:
Yes, we get them every year – 20%
Yes, because I am planning to change jobs – 15%
No, weíre not getting pay rises this year – 44%
No, my pay rises are unpredictable – 21%
The overall poll results show that workers in Ireland are the least likely to receive a pay rise, with 78% of those polled expecting not to see an increase in their annual salary this year and workers polled in Italy and Luxembourg followed closely behind with 64% and 61% respectively.
50% of workers polled in the US reported that they have been advised they definitely will not be receiving a pay rise this year. The same circumstances were also found in 44% of respondents in the UK, and 42% of workers polled in Spain.
Germany has the most unpredictable pay rise schedule, with 40% of workers polled not receiving a regular salary increase. In Finland, 28% of respondents also stated that their pay rises were unpredictable, followed by 27% of polled Belgian workers.
Despite the uncertainty in the economic environment, workers in Switzerland, Sweden and the Netherlands remain positive about their pay rise prospects, with 44%, 38% and 27% respectively, reporting that they expect to receive their annual pay raise.
The results also showed that a reasonably high percentage of employees are planning to change jobs this year, expecting this to lead to a pay rise. The Nordic countries reported the highest expectation of job movement, with 41% of polled workers in Norway expecting a pay raise through changing jobs this year. In Denmark, 32% of respondents will be looking for a pay rise through changing jobs, followed closely by Sweden and Finland, with 26% and 25% respectively.
ìFor anyone who was hoping for a pay rise this year and is no longer certain of getting one, a good way to achieve it is through changing jobs,î said Julian Acquari, at Monster UK. ìAlthough many companies are freezing pay, weíre still seeing movement and competitive offers in the job market. Competition will be higher for jobs but, for the right candidates, the opportunities are definitely out there.î
The latest Monster Employment Index Europe showed that there are still a vast number of jobs available online. The healthcare and social work sector has reported an upsurge in online job offerings in March suggesting that these jobs are very desirable in this turbulent economy and a good area for job seekers to pursue.
The results of the current Monster Meter are based on votes cast by Monster.co.uk visitors from: 2nd – 13th February 2009. Only one vote per user is counted toward the final tabulation. The Monster Meter, a product of Monster, the leading global online careers website and flagship brand of Monster Worldwide Inc., is a series of online polls that gauge users' opinions on a variety of topics relating to careers, the economy and the workplace. These polls are not scientific and reflect the opinions of only those Internet users who have chosen to participate.
Monster Poll Reveals That 65% of UK Workers Will Not Receive Their Expected Pay Rise in 2009
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