Randstad Workmonitor: Employee outlook on 2016 & job profiles high on wish list

Randstad Hellas is a leading HR services company in Greece and each quarter, since 2010, conducts the Workmonitor survey to capture labour market trends locally. The Randstad Workmonitor survey for fourth quarter 2015 explores employee outlook in Greece for 2016 and the job profiles high on employer?s wish list as well as the quarterly mobility index, fear of job loss and job satisfaction of Greek employees.

According to the latest findings of the Randstad Workmonitor, 40% of the respondents stated that employers in Greece have an increasing need for STEM profiles (Science, Technology, Engineering and Math), which is in line with the global result of 42%. 77% pointed out that more students in Greece should focus on career within STEM profiles. 71% also stated that their employer should invest more in developing digital skills. 68% agreed that if they were 18 years old again, they would focus on a study field with STEM and 78% stated they would focus on the discipline digital/online .

"More students should focus on a career within STEM"

"Employer should invest more in developing digital skills"

"If I were 18 again, I would focus on a study field within STEM"

"If I were 18 again, I would focus on a discipline within digital/online"

Talent sourcing by employers

Globally, the Workmonitor survey revealed that finding the right talent remains an issue for employers. 57% of the respondents globally believe that their employer has trouble in finding the right talent today. In Greece, however, only 44% stated that their employer has the same issue. Globally, 57% expect it to be increasingly difficult for their employer to find the right talent in the future whereas only 40% believe this to be the case in Greece. 

Digitalisation and automation

With regards to digitalization in their job, 78% of the respondents globally state that they feel equipped to deal with this trend which is in line with the respondents in Greece with 77% stating the same. Both in Greece and globally, 31% of the respondents expect that their job will be automated in the next five to ten years. 

General outlook on economic and financial situation in 2016

On a global level, employees are quite positive for 2016. 58%, globally, believe the economic situation in their country will improve in 2016 which is in line with last year. Employees in Greece, however, have a different opinion. Only 19% of the local respondents believe the economic situation in Greece will improve in 2016. Of the employees in European countries that took place in the survey, Spain (88%) and Portugal (87%) are the most positive, on the other hand employees in Greece are the least positive at the other end of the scale (19%). 

"I expect the economic situation in my country to improve in 2016"

Globally, 53% stated that their employer performed better financially in 2015 than in 2014. Some of the countries in Europe that agreed their employer performed better in 2015 than 2014 include Spain (71%), The Netherlands (68%), Czech Republic (67%), Germany (63%) and Portugal (63%). On the other hand, only 38% of the respondents in Greece agreed with this statement. While 71% globally agreed that their employer will perform better financially in 2016 than in 2015, only 37% believe this to be the case in Greece. Again, we can note that of the employees in the European countries surveyed, Portugal (92%), Spain (85%), and Italy (75%) are the most positive that their employer will perform better in 2016 over 2015. 

"My employer performed better in 2015 than in 2014"

"I expect my employer to perform better financially in 2016 than in 2015"

On the topic of salary increases, globally 51% expect to receive a raise at the end of 2015. Of the employees in the European countries surveyed, the countries with the highest expectations are Portugal (69%), Spain (60%), the UK (56%) and Poland (52%). Again, at the other end of the scale was Greece with only 18% expecting to receive a raise at the end of the year. Regarding a one-time financial bonus at the end of 2015, globally 48% expect to receive this. In Europe the highest expectations come from Portugal (59%), Spain (57%), Poland (56%), and Germany (50%). In Greece only 38% expect to receive a one off financial bonus. 

"I expect to receive a raise at the end of 2015"

Quarterly recurring items

Mobility Index slightly increases 

The Randstad labour market "mobility index" assesses the number of employees who expect to find another job within the next 6 months. This is based on employee?s current job satisfaction, their fear of being fired, their need to find new personal challenges and confidence in finding a job elsewhere. 

The mobility index for Greece increased from 101 in the third quarter to 103 in the present quarter, consequently this indicates that more Greek employees expect to be employed elsewhere in the coming 6 months. Globally the mobility index dropped slightly to 109 in the current quarter from 110. 

Fear of job loss decreases

When asked how likely employees find the possibility of losing their job or the chance that their contract will not be extended within the next six months, 39% responded that it is highly likely, although decrease of 1% since Q3 2015, the number is still quite substantial. Of the employees in Greece surveyed, females were found to have the highest level of fear of job loss at 43%, whilst males are at 34%. The age group with the highest fear of job loss is noted in the 18 ? 24 bracket with 47%. 

Job Satisfaction

According to survey findings, in Greece, job satisfaction decreased by 9% since last quarter, reaching 58%. The most satisfied age group is the 55-67 bracket (84%), followed by the 18-24 age bracket (66%). 67% of the women surveyed in Greece were satisfied with their job whilst only 55% of males indicated this. 

Number of people looking for a new job increases

When asked to what extent are you looking for another job, in Q4 2015 38% of the respondents in Greece confirmed they were seeking another job, whilst in Q3 2015 the number was 33%. The highest number of new job seekers can be found in the 25-34 age bracket with 46%, followed by the 35-44 age bracket with 39%. 40% of the males surveyed indicated they were seeking a new job while the women are at 38%. 

A complete press report, including detailed regional differences, is available on: Randstad Workmonitor Survey

The Randstad Workmonitor

The Randstad Workmonitor was launched in 2003, and now covers 34 countries around the world, encompassing Europe, Asia Pacific and the Americas. The Randstad Workmonitor is published four times a year, making both local and global trends in mobility regularly visible over time. 

The Mobility Index, which tracks employee confidence and captures expectations surrounding the likelihood of changing employers within a six month time frame, provides a comprehensive understanding of job market sentiments and employee trends. In addition to measuring mobility, also employee satisfaction and personal motivation, as well as a rotating set of themed questions are part of the survey. 

The quantitative study is conducted via an online questionnaire among a population aged 18-65, working a minimum of 24 hours a week in a paid job (not self-employed). The sample size in Greece was 405 interviews, using Survey Sampling International. Research for the fourth wave in 2015 was conducted between 21 October and 4 November 2015.