AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Statistics New Zealand added a set of wellness questions to the Household Labour Force Survey (HLFS) from the June quarter of 2020 to the March quarter of 2021. These questions provided it with the ability to calculate key well-being results for New Zealanders every quarter.
The data summarised key findings from the March 2021 quarter, demonstrating that well-being conditions have remained relatively stable for most Kiwis.
During the COVID-19 pandemic, many people became concerned about their employment security. However, a majority of New Zealanders feel reasonably secure with their employment.
The sentiments on job security have enhanced over the past year.
Source: © Rawpixelimages | Megapixl.com
The survey revealed that those who believed there was at least a medium risk of losing their career or company in the next 12 months dropped from 23% to 17% between June 2020 and March 2021 quarters. While those who believed there was a small or almost no risk rose from 73% to 81% during the same period.
ALSO READ: Robertson Puts Economic Recovery and Kiwis’ Welfare On Priority in Budget 2021
However, as per the study, people who believed their jobs are insecure were more inclined than others to score their overall life satisfaction low.
Low levels of job security matched with lower well-being
Dr Claire Bretherton, manager of well-being and housing statistics, stated that as a whole, life satisfaction improved considerably along with job security.
DO READ: Is NZ Economy Under Strain? Here's What ANZ Business Outlook Survey Says
Source: © Flynt | Megapixl.com
One out of every five individuals with the highest level of job security scored their life satisfaction at 10 on a scale of 1-10. They were nearly 2 times as likely to do so as compared to people who were least secure in their jobs.
Those who do feel insecure about their employment, on the other hand, tend to perform poorly than most on a variety of well-being metrics, as per Bretherton.
ALSO READ: New Zealand’s Retail Expenditure Zooms Up In April 2021
When a comparison is made between people with the lowest and the highest levels of job security, the study found the following:
- 46% of those with poor job security claimed they did not have enough money or had only enough money to fulfil their daily needs in comparison to 20% of those with high job security.
- When questioned about their happiness the day before, 29% of the people with poor job security provided a low rating of 0–6 on a 0–10 scale, when a comparison is made with 14% of those with high job security.
- On a scale of 0 to 10, 24% of those with low job protection classified their family well-being as bad, while 13% of those with high job security rated their family well-being as good.
- In comparison to 9.6% of those with high job security, 18% of those with low job security ranked their well-being as good or bad.
