Shock revelation - more people insecure in jobs

More people are more insecure about their jobs says Woohoo.

More people are more insecure about their jobs.

Research by WooHoo NZ Tax Refunds found half of fulltime temporary employees believe they may lose their job in the next 12 months; 34% of respondents in households earning less than $25,000 a year were moderately or very anxious about their income; 33% of respondents with more than one job were anxious about income.

But 79% of respondents aged 18-24 were not anxious about their income even though they are more likely to be changing jobs in the next 12 months.

The findings were released this week by WooHoo NZ Tax Refunds in one of its regular profile-raising media statements.

Up to two-thirds of New Zealand employment is classed as casual, part-time or contract, according to Professor Paul Spoonley, pro vice-chancellor, humanities and social sciences Massey University.

He says there is a shift to more non-standard work contracts and conditions.

Younger Kiwis change jobs frequently, more of them delaying entry into work because of tertiary education and training, and more struggling to find fulltime employment.

The findings have been put together in a WooHoo Income Insecurity Index. The aim is to repeat the survey to provide comparisons and trends.

The survey by Research First was conducted in September as a random telephone survey of 407 participants with a claimed margin of error of plus or minus 4.8%.

Woohoo’s marketing pitch using the survey is that, with more Kiwis working multiple jobs or on contract, they have often overpaid tax and are owed a tax refund.

The company claims 93% of its customers have overpaid their income tax in the past five years and are owed a tax refund.