Confidence of Argentines in finding a new job has fallen to 63 per cent this month and it's located at the lowest value of the year, while the The fear of redundancy increases one percentage point to reach 7.9 per cent of the total consultees by Randstad Workmonitor, global leader in HR services.
The data corresponds to the last quarter of 2018 and the report shows that Argentines' confidence in finding a new job has dropped by five percentage points compared to the third quarter of the year. Randstad announced the results of the fourth quarter of 2018 that correspond to the Worker Monitor, a study that reveals expectations, moods and employee behavior in 34 countries, including Argentina.
In questioning the confidence of Argentina workers regarding the possibility of a new job similar to the current one within the next six months, the level of confidence was 63 per cent, the lowest mark in the last twelve months. In a regional comparison at the level of confidence in finding a new job, it is seen that the level of confidence of Argentina's workers is the second lowest in the region, followed by Brazil.
On the other hand it is Chile with a level of confidence in the labor market of 74 per cent. In Mexico it's more than 80 percent. Andrea Vila, CEO of Randstad for Argentina and Uruguay, explained in situations of specific uncertainties such as the current one, that employees are expected to have less confidence and show more conservative attitudes in their career decisions.
"Reduced confidence in the labor market as we found in the last quarter meant that fewer workers are looking for a job change, leading to low labor mobility", explained in the framework of the ongoing economic "storm" that continues to blast Argentina's film.
Combined with a context where the economy is not reintroduced and the labor market does not show signs of recovery, employee confidence decline is also compared to more fear of losing employment , adds the report in question. During the last quarter of the year the fear of losing the labor source was 7.9 per cent, raising 1.2 percentage points above start-up values.
When analyzing this variable according to the educational level of the employees, it seems that the most training is carried out, the least who fears to lose employment. Thus, the study carried out by Randstad reveals that the fear of running outside the work among the most educational respondents is 7.3 per cent, and among those with intermediate training, It rises to 8 and reaches 8.2 among those workers from lower educational level.