Three-Quarters Of Irish Workforce Believes Country Is Heading For Recession

12 January 2023

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Three-Quarters Of Irish Workforce Believes Country Is Heading For Recession

​Three-quarters of the Irish workforce believes that country is heading for recession, but the majority of workers think their jobs will be secure, a nationwide survey conducted by recruitment group Phoenix has found.

While just 26% of the workforce believes Ireland will avoid recession, 75% of respondents feel their jobs will be safe this year. Of the remaining quarter, 20% are concerned at the prospect of potential job losses and 5% are unsure.

However, 39% of those questioned said they are looking to move job this year despite the volatile economic environment, while 30% are unsure of their movements in the next 12 months. Around 31% are looking to remain at their current place of work.

Half of workers are continuing to work in a hybrid capacity, with only 15% returning to the office full-time.

While 76% are working from home on either a full-time or hybrid basis, 23% have had their companies conduct a full health and safety check of the work-from-home stations used. Additionally, only 37% of respondents have received a monetary budget to allow for this work model. 

Furthermore, 44% of workers believe that a recession will not cause any changes to their working models, but 7% think flexibility will increase, 5% expect to return to the office full-time, and 44% are unsure of what a recession may mean for their working conditions. 

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