UK – Older workers less confident about their prospects, study finds

Posted 16th January 2020 • Written by •

Professionals in the UK aged 55 to 64 were the least confident about their job prospects, with 42.9% feeling confident in the future of their career, according to a new study from job board CV-Library.

This figure was followed by 43.2% of 45 to 54-year-olds and 48.9% of 35 to 44-year-olds, feeling confident about the future of their career.

The study found that it was not just career progression where UK workers lack confidence, the survey also found that a lack of confidence has held back British workers from achieving the following:

• Applying for a job (52%)

• Asking for a pay rise (46.6%)

• Asking for a promotion (33.2%)

• Building relationships out of the workplace (27.7%)

• Building relationships in the workplace (22.2%)

Lee Biggins, founder and CEO of CV-Library, commented, “Confidence is such an important asset in all areas of life, but particularly so in the workplace. After all, when employees feel there is no direction to their careers or don’t have clear goals to work towards, it can stifle productivity, diminish job satisfaction and ultimately, impact your bottom line as you struggle to retain experienced members of staff.”

The survey also asked UK workers if they felt confident enough to ask for a pay raise, with 51% of respondents stating they didn’t feel comfortable doing so.

Additionally, the study found that asking for a pay raise would be most worrying for 73.5% of under 18s, 56.5% of 18 to 24-year-olds and 53.9% of 25 to 34-year-olds.