Compiled by the Industrial Psychology Consultants (IPC), the Employee Confidence Survey Report says continued threat of retrenchment in all sectors and staff rationalisation measures negatively affected the Job Security Index.
Memory Nguwi, the managing consultant of IPC, said job security Index was 38.65% in the first quarter.
Said Nguwi, “The respondents we asked whether or not they felt secure in their current job. Most, that is 61.34%, of the respondents disagreed that they felt secure in their current job compared to 38.65% that agreed that they felt secure in their current job”.
37 percent of respondents in the same period last year had said they were secure with their jobs.
The survey is conducted to gauge employee confidence in the economic environment at any given time during the course of the year.
Massive retrenchments were experienced early this year when 1 455 Reserve Bank of Zimbabwe employees, representing 75% of the staff, were sacked at a cost of US$70m.
The report said 32.92% of the female respondents feel secure in their current jobs compared to 42.46% of their male counterparts who expressed security.
However, 38.73% of the married respondents felt secure in their current jobs compared to 41.87% for the single (never married) and 22.64% of the single (married before) said they felt secure.
Employees between the ages of 31-40 years are more secure about their jobs whereas those less than 25 years are least secure about their jobs.
A Global Competitiveness Report 2011 released Tuesday said Zimbabwe has eight poor rankings out of nine in respect to key labour market fundamentals.
The fundamentals include cooperation on labour relations (79th out of 139 countries), flexibility of wage determination (137th position), rigidity of employment index (82nd position), hiring and firing practices(122nd position), brain drain (121st position), redundancy costs (134th position), pay and productivity (120th position), reliance on professional management (23rd position) and females in labor force (77th position).
Understand Africa's tomorrow... today
We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on. With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need.
