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Israelis optimistic about the labor market

נובמבר 23, 2009. Globes: Hillel Koren

A survey by Geocartography Knowledge Ltd. for Lavi Timetech Ltd. found that 52.6% of salaried employees are optimistic and believe that the labor market will recover. 6.2% of respondents are pessimistic and expect the crisis to continue.

26.5% of respondents believe that their salary terms and benefits will improve, although 61.7% do not. 7.1% of respondents predict that their salary terms and benefits will deteriorate.

The survey was made of a nationwide sample of 500 men and women respondents, representing the adult Jewish population. They were asked their opinions about the job market in 2010. The survey compared salaried employees' optimism for 2010 with 2009, along a range of variables, including the general condition of the labor market, salary and benefits, and the chances of changing jobs.

26.7% of respondents think that 2010 will be a good time to look for a new job, compared with 34% who do not think so, and 31.5% who are ambivalent.

28% of respondents aged 18-34, as well as respondents aged 35-54 believe that the economy will recovery and that it will be a good time to look for a job. However, only 19% of respondents over 55 believe that this is the case. 40% of respondents over 55 do not think that this is a good time to look for a job, compared with 25.6% of respondents aged 18-35. Although optimism in the survey rises with age, and 62.5% of respondents over 55 expect economic recovery in 2010, only 22.7% of them believe that this will have a favorable effect on their salary and job terms. 

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