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According to the latest Workplace Employment Relations Study, the recession has had a profound impact on Britain's workplaces.
In many workplaces, managers have responded with changes in their staffing practices, with one third (33%) of employees seeing their wages frozen or cut and 29% seeing their workload increased.
While these manifestations of labour market flexibility obviously are bad news for workers, they may have helped avert even worse outcomes – only 14% of workplaces made compulsory redundancies. This might account for continued high levels of job satisfaction, which have actually risen since the survey was last conducted in 2004.
Most employees remained content with their jobs, despite the changes that were made to staffing practices through the course of the recession. Satisfaction with a range of aspects of employees’ jobs increased slightly between 2004 and 2011.
However, there was a fall in the proportion of employees who were satisfied or very satisfied with their level of job security, down from 64% to 59%.