Employee confidence survey report Q3 - October 2021

Zimbabwes Economy is Set for Recovery, but Key Risks Remain

The World Bank 2021

With the economy being predicted to be on a path of improvement, we sought to find out the general opinion of Zimbabweans regarding employment opportunities-related issues. As with our custom, at Industrial Psychology Consultants(Pvt), we carried research to find out. The report details our findings.

Summary of key findings 

• The overall employee confidence index is 45%.
• The economic confidence index is 27%.
• The job security confidence index is 36%
• The employers future confidence Index is 55%
• The confidence of getting a new job in Zimbabwe is 60%
• The 36-45 Years age group has the highest overall confidence index of 65% compared to all other age groups
• Males have a higher overall confidence index than females, 56% against 49%.
• The senior management group has the highest overall employee confidence index of 67% compared to all other job levels.
• The research showed that the employee confidence index does not vary according to marital status.
• The cost of living issue is the primary stress concern for employees, with 23% of the participants indicating it as their major issue causing them stress.
• 43% of the participants indicated that they are struggling with their financial situation, with only 15% indicating that they are happy with their financial situation.
• 29% of the participants indicated that they were not paid on time at some point this year.
• 56% of the participants do not have any form of savings.
• 47% of the 36-45 years age group are in debt.
• The majority of the participants that are in debt have a mortgage.
• The majority of participants have debts costing them between 30-40% of their monthly income.