Employee confidence for the first quarter of 2018 has fallen by 5 percent according to a survey by industrial psychology consultants.
Employee confidence fell to 66 percent in the first quarter of 2018 from an annual high of 71 percent in the last quarter of 2017, according to an employee survey which examined four key pillars comprising job market optimism, salary expectations, job security and business outlook optimism.
60 percent of participants held the view they will get a better job in the next months if they lose their current job now compared to 57 percent in the last quarter of 2017.
69 percent of the employees indicated they are not confident they will get a cost of living adjustment this year given their organisation’s state.
This marked an increase in optimism from 76 percent in the 2017 last quarter.
59 percent of participants expect prospects to be better in their organisation in the next six months, down from 69 percent who shared the same sentiment in the last quarter of 2017.
In the next six months 61 percent of employees expect the economy to improve compared with 87 percent in the last quarter of 2017.
The most negative thing recorded among participants is a delay in salaries for 29 percent of respondents, while the most positive thing was the hiring of new employees.
Industrial psychology consultants which took the survey concluded there is a recession of euphoria which followed the coming into power of the new dispensation, adding the views should concern policy makers.