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.