Fear about potential redundancies this year has made job security a paramount concern for workers in New Zealand and workers now prioritise maintaining their employment over higher pay.
According to a new independent research by specialised recruiter, Robert Half the majority (81%) of workers in this country, are concerned redundancies will occur at their company in 2025 and many more (94%) are already taking steps to increase their employability if they do need to find a new role.
The study was conducted online in November 2024 by an independent research company among 500 full-time office workers in finance, accounting, and IT and technology. This survey was part of the international workplace survey, a questionnaire about job trends, talent management and trends in the workplace.
More than a third (37%) of workers are prioritising job security ahead of pay this year, as they recognise the tough economic conditions their employers are juggling and are uncertain as to whether they will find a better position at another company. It compares to 16% who prioritise salary over job security, and 47% who value both equally.
“It’s evident that many workers are feeling a deep sense of uncertainty and concern about the possibility of redundancies in the coming year,” says Ronil Singh, Director at Robert Half. “The fact that job security now ranks higher than pay in worker priorities reflects a climate of market uncertainty and a growing emphasis on stability and long-term career prospects.”
The research reveals most workers are making sure they are prepared for a redundancy if and when it may occur, regardless of whether they are concerned about their job security this year. In fact, 94% are taking one or more steps to prepare for a potential redundancy. For some, that entails looking for another job to move into before a redundancy can occur. For others, their preparations involve being informed about their company’s plans and increasing their employability.
“Workers are taking a proactive approach to their careers, anticipating potential employment changes by actively investing in their development. Rather than waiting for restructures to affect their roles, they are future-proofing their skills, embracing upskilling and networking. This shift toward intentional career management isn’t just about boosting income – it’s about building resilience and securing long-term opportunities in an evolving job market.
“If redundancies do eventuate, having this kind of positive and proactive attitude will stand workers in good stead to secure their next role,” says Singh.
