Public sector workers consider sacrificing their pension for a career in the private sector

-

Disillusioned public sector workers appear to have hit a new morale low as we go into 2012, with more than half (52%) of job seekers saying they would be prepared to sacrifice their pension for a career in the private sector. The preliminary findings of the Hays Career Outlook Survey (undertaken in Nov/Dec 2011) show that although those working in the public sector were fiercely defensive of their pensions, the pull of the private sector and its perceived higher job security is attractive to job seekers.

With job cuts, pay freezes and scrutiny over service delivery prevalent in the public sector it is clear the pressure is on and employers will need to work even harder to get the best from their staff. Other early findings from the research show over three-quarters (84%) of public sector employers are concerned that they will struggle to keep skilled workers, and almost half (46%) say they will be unable to attract the skilled people needed for the twelve months ahead. 80 per cent believe this will have an impact on the delivery of public services.

Almost two-thirds (60%) of public sector workers say the public sector is a worse place to work compared to before the recession, compared to only 40% in the private sector. Over three-quarters (76%) of public sector employers believe the sector is more stressful than a year ago.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

Andy Robling, Public Services Director at Hays, says, “These results indicate the potential dangers ahead for the public sector if something is not done to address poor morale and the perceptions some workers have about what the two sectors offer in terms of career progression and job security.

“Public sector employers are clearly worried about keeping and attracting the staff they need – the question is what impact will this have on frontline services and how can we minimise any negative impact? The news that over half of workers in the public sector, who often choose work there to make a positive difference to society, would consider trading in their pension for a career in the private sector underlines how keen they are to move. Whilst conditions in the private sector are challenging too it is clearly one step ahead of the public sector in terms of attracting and motivating talent.”

Heading into the New Year, both sectors report difficult working conditions, with employers describing morale as ‘pressured’ (45% of public sector employers, 46% in the private), and their employees agree. Public sector employers lay the blame for this at the government’s door, while their private sector counterparts blame the global economy. Early data indicates a lack of career progression in both sectors is also causing a problem for staff.

Robling continues; “In order to be in a position to tackle these important challenges in 2012 it’s vital that employers in both sectors take action now. In particular, public sector bosses need to ensure their staff possess the right skills, that they are communicating a positive vision and that they have flexible incentive packages in place so as to support their organisation through these turbulent times.”

Latest news

Martin Johnson: Why the Employment Rights Act marks the end of informal management

It’s crucial that organisations quickly realise the Employment Rights Act isn’t solely a legal change. In effect, it marks the end of informal management.

Unpaid wage claims ‘hit eight-year high’ as business failures rise

Rising insolvencies are leaving growing numbers of workers unpaid as HR teams face mounting legal risks around rushed redundancies and delayed wages.

Employers urged to rethink race for chief AI officers

Companies are being warned against rushing to appoint chief AI officers before establishing the systems and leadership structures needed to support them.

Building workforce skills for AI performance

AI is changing the way work gets done—but most organisations still lack a clear plan for building AI-ready teams.
- Advertisement -

UK risks ‘lost generation’ as youth unemployment crisis deepens

A major review warns that Britain could face a “lost generation” as youth unemployment and economic inactivity continue rising.

‘Delighted to be wrong about jobs apocalypse’, says OpenAI boss Altman

The OpenAI chief executive said human interaction remained far harder to replace than many technology leaders first predicted.

Must read

David Ogilvy & Elizabeth Bremner: A right Royal holiday… paid or unpaid

In recent weeks, the country has been celebrating the...

Learning not Leaning

In the build up to September's Stress Prevention and...
- Advertisement -

You might also likeRELATED
Recommended to you