The UK’s working population suffer more anxiety over their jobs than staff employed in any other developed economy.
According to a survey of nearly 10,000 staff worldwide, 28 per cent of the UK’s working population believe they could lose their job in the next 12 months.
The next most insecure employees are in the US, where 27 per cent of workers are concerned over the future of their jobs.
In Japan, 20.5 per cent of staff have job security concerns, in Germany the figure is 14.9 per cent and in France 13.7 per cent.
Of the respondents in Italy, only 4 per cent are worried about their jobs and in Belgium and Norway just 5.7 per cent of workers have employment worries.
Jo Bond, deputy managing director at consultancy Right Coutts, said that the reason employees in the UK and the US feel least secure about their jobs, is because employers have more power to hire and fire in these countries.
“This survey shows that job insecurity is being felt most by workers in the UK, despite the recent fall in unemployment seen in UK Government figures,” said Bond.
"Across Europe, workers in some countries, notably Belgium and Italy, are less worried about redundancy, perhaps due to the existence of stronger laws protecting employees’ rights. By contrast, the US and UK job markets are more flexible, and employers have more power to ‘hire and fire’.”
However, the study also reveals that UK workers are relatively optimistic about their chances of obtaining similarly paid jobs if made redundant, with 21 per cent believing this would be easy, compared to just 4 per cent in Germany and 8 per cent in Italy.