Half of workers now want ‘job for life’, finds study

The recession has created a workforce that craves stability and security rather than pay or advancement, according to research by professional services firm Towers Watson.The Global Workforce Study , which surveyed 20,000 employees from private-sector organisations across 22 countries, found that the downturn has had a deep and significant effect on attitudes to work. An overwhelming 81 per cent said that security was of vital importance in their job, coming out ahead of skills development (58 per cent) and high pay (56 per cent).
 

It’s untenable to have a normal retirement age in public-sector schemes that is significantly different from the state retirement age

Brian Bailey, Director of pensions, West Midlands Pension Fund and member of High Pay Commission