Employment sector confident: Yallacompare
DUBAI, December 15, 2020
A majority of those in a survey say they are confident they will keep their job this year – with some 71.2% responding positively.
Conversely, nearly half of those surveyed (47.3%) say they feel less secure about their employment prospects than they did last year. Perhaps indicating that those in employment, feel safe, but seeking a promotion or career move of some sort perhaps not wise in current market conditions.
Yallacompare, the number one finance site in the Middle East, has revealed some surprising, and reassuring statistics among its clients in its ongoing series of market barometer surveys.
And while many of us feel secure in our jobs, more than two thirds of people (68.6%) revealed that they have not received a salary increase this year – but more than half (55.9%) are hopeful of receiving a pay hike in the next year. The survey, having been taken at the beginning of 2020, when the uncertainty was just beginning to unfold, likely indicates respondents’ hope for 2021 and an almost essential for economy change in sentiment.
Jonathan Rawling, CFO, Yallacompare, says: “In these unstable times, it's more important than ever for us, as the leading finance site in the region, to gauge people's thinking in terms of their employment.
“What's surprising about our latest employment trends litmus test is that a majority of people, while feeling less secure about their employment, remain confident they will keep their jobs in the short term.
With good reason for concerns over long-term employment, it's a good time for everyone to get their finances in order. And this year has seen a strong trend towards higher saving in a majority of global markets.
Yallacompare brings a suite of financial products in one easy to navigate site, offering products and deals from the region's most well-known and trusted service providers, allowing customers to save up to 30%.
Global employment trends see a long-term adjustment to working from home – increasing the need for financial products such as home insurance and IT equipment insurance.
“We also see a move towards a greater requirement for more flexibility in working hours, and greater demand for health and wellness in the workplace,” says Rawling.
He also anticipates more opportunities for learning new skills in the coming year, as people try to remain current, employable and able to adapt to the changing tides of the new economic reality.
With an online quote for home, health, life, travel and car insurance in under 60 seconds, savvy Middle East shoppers are taking full advantage of the ease, simplicity and cost savings found every day at the multiple award-winning Yallacompare.com website.-- Tradearabia News Service
