24 February 2010
It's grim down south, say southern workers
Research reveals a north / south workplace divide
Southerners have a downbeat view of working life in 2020 compared to Northerners, says Friends Provident in its Visions of Britain 2020, a report conducted with the Future Foundation.
The findings reveal a strong north/south divide, with workers in the south citing fears over workload and job security, as their fellow workers / peers in the north paint a more upbeat picture about their job prospects.
Of all workers in the UK, Londoners (49%) and south easterners (46%) worry most about work life balance and achieving a happy medium, compared to 32% of people in the north. This is despite more Londoners working from home – 54% compared to 42% in the north.
Confidence about future job prospects reveals an equally bleak picture in the south. 34% of Londoners expect their job to move overseas compared to 24% in the north. Furthermore, over a quarter of Londoners (27%), feel that their job will come under threat of redundancy compared to, for instance, just 11% of workers in the north east and 22% in the north west.
The report also shows a high level of job dissatisfaction in the south, with 72% of Londoners and 63% of workers in the south west saying they will consider retraining for a new career. 51% of people asked in Yorkshire and the north east plan to re-train for a new career, suggesting a higher degree of job satisfaction in the north than the south.
Trevor Matthews, chief executive officer of Friends Provident, said:
"Despite southerners feeling downbeat about the future it is good to see northerners are positive about the decade to come. Employers in the south need to recognise this feeling of discontent.
"On a national level, our new report paints a worrying portrait of the workplace ten years from now. A workplace polarisation trend has been identified in our report and could lead to a growing band of excluded workers. At the same time a new breed of elite worker is also beginning to emerge, who by 2020 will carry more power than ever before."
One million 'excluded'
Looking at the national picture, Visions of Britain 2020 found that Britain’s workforce has reached a pivotal point and is polarising into two distinct groups – the elite and the excluded – which by 2020 will be the norm. This will have significant implications on employers and individuals, found the study.
The elite – workers in technical, professional and managerial roles - will command more power in the workplace than ever before, requiring employers to radically rethink how they attract and retain their specialist skills. Meanwhile nearly one million excluded workers – typically younger, unskilled males - face poor prospects and limited expectations. The research shows that the attitudes and choices of individuals are the major causes of this polarisation, alongside factors such as the recession and outsourcing.
An elite future
The report however reveals a bright future for the elite worker in 2020. All of the employment experts* who were consulted for the report agree that companies will have to work harder and offer more to attract and retain these elite workers in 2020. Employers will have to do so through making jobs more fulfilling and keeping their elite employees engaged, rather than through salary and benefits.
- Ends -
Journalists requiring further information should contact:
Jo Swift, Cohn & Wolfe - 020 7331 5476
Emma Wylie, Friends Provident - 0845 268 4909
Keith Nolan, Friends Provident - 0845 641 7835
Ref: K012
Notes to Editors
* Experts:
- Dr Barrie Hopson, owner of the Ashling Partnership
- Michael Jenkins, Chief Executive at the Roffey Park Institute
- Ian Brinkley, The Work Foundation
- Adrian Furnham, Professor of Psychology, University College London
- Lynsey Brookes, Employment Policy Advisor at the Federation of Small Businesses
The report - the first in the Visions of Britain 2020 series – combines a survey of 1,000 Britons with the opinions of several high profile experts in the employment industry.
For further information on the Visions of Britain 2020 series and to download copies of the report, please visit www.visionsofbritain2020.co.uk
About Friends Provident
Friends Provident Group Limited was originally founded in 1832 to alleviate the hardship of Quaker families facing misfortune. Friends Provident's strategy today is to operate in markets where it can deploy its award-winning strengths in technology and service to gain competitive advantage. Since its demutualisation in 2001, the company has developed strong offerings in pensions and protection to complement its historic With Profits business, and now prioritises international growth. Friends Provident is fully committed to the principles of the FSA initiative 'Treating Customers Fairly'.
Friends Provident distributes its products through intermediaries in the UK and around the world. Its key business lines in the UK are protection and corporate pensions. Friends Provident International develops competitive savings, investment and pensions products for a broad and diverse range of markets including Hong Kong, the United Arab Emirates and Germany.
Friends Provident wholly owns the Luxembourg-based company Lombard, a leading pan-European life assurance company which specialises in the use of life assurance as a wealth management solution for high net-worth investors, and Sesame Bankhall Group, a leading UK supplier of intermediary support services to financial advisers providing services to over 7,500 financial advisers across the UK offering life assurance, mortgages and savings arrangements.
Since 5 November 2009 Friends Provident has been part of the Resolution group of companies.
For more information on Friends Provident including, photos, awards, fast facts, presentations, and media contacts please visit the media section at www.friendsprovident.com/media
Important
This news service is for information purposes only and does not provide any form of advice, recommendation or financial promotion. Any opinions expressed by third parties are those of the third party concerned and not of Friends Provident. Friends Provident does not accept liability for any errors or omissions or for loss incurred because of reliance on information or opinions given.
The content of the news items set out above are accurate only as of the date of issue and Friends Provident does not undertake any obligation to update them.
