Recession makes UK pharma employees more loyal
pharmafile | May 20, 2010 | News story | Business Services | careers, recruitment
A new survey shows pharma employees are now more loyal despite turbulent economic changes within the industry.
Conducted by recruitment agency Kelly, the workforce survey seems to reveal changing attitudes among UK workers, and indicates that the downturn has generated a clear and powerful sense of engagement between workers and bosses. A quarter of employees in the pharmaceutical sector surveyed saying they are more loyal to their employer – as a direct result of the economic downturn.
The survey, conducted between early October 2009 and the end of January 2010, finds that 25% say the economic downturn has made them more loyal, while 9% say it has made them less loyal, and 66% say it’s made no difference.
The trend is most pronounced in London with 34% of respondents more loyal, compared with Scotland and the South West (29%), the North West (26%), Midlands (24%), the South East (23%), and Wales and the North East (22%).
Those workers who are more loyal to their employers attribute the shift to positive management, good company morale and active communication from senior executives.
Those who are less loyal say it’s due to poor management and low morale. The findings are part of the Kelly Global Workforce Index which obtained the views of approximately 134,000 people, including almost 6,000 in the U.K.
The impact of the economic slowdown on work attitudes has been greatest among the youngest and usually the most carefree age group – Generation Y (aged 18-29) – where 30% say the downturn has made them more loyal, compared with 25% of Generation X (aged 30-47) and 22% of baby boomers (aged 48-65).
The Kelly Global Workforce Index is an annual survey revealing opinions about work and the workplace from a generational viewpoint. People from North America, Europe, and Asia Pacific took part in the 2010 survey.
Andrew McConaghie
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