{"id":19112,"date":"2020-07-28T09:20:33","date_gmt":"2020-07-28T13:20:33","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/a-third-of-working-canadians-worry-about-job-security-during-pandemic-survey-148358"},"modified":"2020-07-28T09:20:33","modified_gmt":"2020-07-28T13:20:33","slug":"a-third-of-working-canadians-worry-about-job-security-during-pandemic-survey","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/07\/28\/a-third-of-working-canadians-worry-about-job-security-during-pandemic-survey\/","title":{"rendered":"A third of working Canadians worry about job security during pandemic: survey"},"content":{"rendered":"
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Staff<\/span> | July 28, 2020 <\/p>\n

More than half (58 per cent) of working Canadians said they feel more concerned about their financial situation due to the coronavirus pandemic, according to a new survey by the Canadian Payroll Association.<\/p>\n

The survey, which polled more than 4,000 employed Canadians, found 54 per cent said their company is facing serious economic impacts from the pandemic. While respondents haven\u2019t been laid off, a third expressed concern about their job security. The majority (77 per cent) said they\u2019re working from home during the pandemic, but as workplaces reopen, one in five said these worries may prompt them to go into the office even if they\u2019re coughing, sneezing or feeling ill.<\/p>\n

Read: Federal wage subsidy to be extended to December, says Trudeau<\/a><\/strong><\/p>\n

The survey respondents also expressed concerns about macroeconomic issues, with 60 per cent saying they\u2019re worried about the state of the Canadian economy and 55 per cent about Canada\u2019s employment situation. Almost half (46 per cent) said they\u2019re worried about the economy performing poorly.<\/p>\n

The Canadian Payroll Association said the survey\u2019s findings challenge the assumption that working Canadians aren\u2019t experiencing pandemic-related financial stress because they\u2019re still receiving a paycheque.<\/p>\n

\u201cThe repercussions of the pandemic continue to threaten our country\u2019s return to stability,\u201d said Peter Tzanetakis, the association\u2019s president, in a press release. \u201cOur research shows that COVID-19 has directly affected the financial stress of working Canadians, many of whom express deep concern about the economy as a whole. Recognizing that financial stress already costs Canadian businesses billions of dollars, developing strategies to help Canadians decrease or manage that stress should be a part of our broader strategy for economic recovery.\u201d<\/p>\n

He suggested employers offer financial education or access to programs that encourage saving directly through payroll to help alleviate employees\u2019 financial concerns.<\/p>\n

Read: Pandemic boosting relevance of financial wellness offerings: survey<\/a><\/strong><\/p>\n

Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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