Crunch Fails To Dampen Career Confidence In Financial Services
If you're looking for a fresh career opportunity, you'll want to work with a recruitment partner who really understands your needs. You'll discover that at Badenoch & Clark we invest in getting to know what's important to you. You'll have access to our know-how and expertise. And you'll find that we work hard to help you make the right connections.
According to the latest Badenoch & Clark Happiness at Work Index, UK financial services workers remain confident of their career prospects despite the current economic gloom. The credit crunch has failed to dent the confidence of 70% of people, with nearly a third actually feeling better about their career prospects than they did this time last year.
The figures reveal a trend that cuts across the UK. London workers are predicted to most heavily hit by the crunch, but nearly three quarters in the capital remain confident about their future.
However, this career confidence isn’t matched with confidence in management. The same survey revealed UK financial services workers have lost all confidence in their senior management teams. Eighty four per cent of all financial services workers didn’t agree with the statement “I have confidence in my organisation’s top management team.”
Alison Burgin, Executive Director at international recruitment consultancy Badenoch & Clark, comments: “It’s incredibly easy for senior management to become dislocated from the rest of a company. Many organisations don’t see this as a problem; indeed, many feel employee engagement is a function of line managers and has little to do with senior teams. These figures prove that to be wrong – there’s a very clear link between who is happy at work and who has confidence in their senior managers.
“Since Northern Rock, office workers have been pummelled almost daily with gloomy headlines in the business pages and warnings of lay-offs. Financial services has been one of the key areas of focus, with may employers already committing to some redundancies. What these figures show, though, is that the British office is still an up beat place to be. The Index shows that British workers are still relatively happy in the workplace.
“What’s important in this Index though is that financial services workers aren’t just happy, they’re confident about their career; many even more so than they were this time last year.”
However, this career confidence isn’t matched with confidence in management. The same survey revealed UK financial services workers have lost all confidence in their senior management teams. Eighty four per cent of all financial services workers didn’t agree with the statement “I have confidence in my organisation’s top management team.”
Alison Burgin, Executive Director at international recruitment consultancy Badenoch & Clark, comments: “It’s incredibly easy for senior management to become dislocated from the rest of a company. Many organisations don’t see this as a problem; indeed, many feel employee engagement is a function of line managers and has little to do with senior teams. These figures prove that to be wrong – there’s a very clear link between who is happy at work and who has confidence in their senior managers.
“Since Northern Rock, office workers have been pummelled almost daily with gloomy headlines in the business pages and warnings of lay-offs. Financial services has been one of the key areas of focus, with may employers already committing to some redundancies. What these figures show, though, is that the British office is still an up beat place to be. The Index shows that British workers are still relatively happy in the workplace.
“What’s important in this Index though is that financial services workers aren’t just happy, they’re confident about their career; many even more so than they were this time last year.”
