The road ahead | Job security fears grow as recession looms

More than 4 in 10 employees are worried about job security as the prospect of a recession looms in the UK and across the globe, according to a new study.

The new research from Remote also revealed that 25-34 year-olds are the most concerned about their job security in the UK as 46% of this cohort expressed their anxiety around job losses due to a recession.

Additionally, more than one in five (21%) UK businesses are cautious to hire new employees or contractors in fear of a recession, while more than a third (35%) are cautious to hire new staff or contractors in fear of a recession.

In the light of a recession across the UK and US, the ‘Manufacturing & Utilities’ industry is most cautious to hire new employees (43%), followed by ‘Arts & Culture’ (36%) and ‘HR’ (35%).