More Than 60 Percent of Working Adults Worry about Losing Their Jobs in the Current Economic Climate and One-in-Five Think about

  More Than 60 Percent of Working Adults Worry about Losing Their Jobs in the
  Current Economic Climate and One-in-Five Think about It at Least Once a
  Week, Finds University of Phoenix Survey

          Survey reveals how this fear is affecting work performance

Business Wire

PHOENIX -- July 11, 2013

A recent University of Phoenix® survey reveals that the challenging economic
climate may be having a profound impact on the behavior of employed Americans.
More than 60 percent of working adults (61 percent) worry about losing their
jobs in the current economic climate and one-in-five (20 percent) think about
it at least once a week. Nearly one-in-ten (nine percent) think about it at
least once per day.

This fear may be keeping workers from realizing their full potential. In fact,
44 percent of working adults identify ways in which the current economic
climate has affected their work performance, careers and/or job decisions. Of
these workers whose performance has been affected by the current economic
climate, more than one-third (34 percent) report that they are less likely to
disagree or speak up, and the same percentage say that they have avoided
looking for a new job (34 percent). More than a quarter (26 percent) have not
sought a promotion, 24 percent report that they are more competitive with
co-workers and 15 percent are less inclined to bring up out-of-the-box ideas.
On a positive note, 30 percent of these workers volunteer for more projects.

The online survey of more than 1,600 U.S. employed adults was conducted by
Harris Interactive on behalf of University of Phoenix in April 2013.

“In a challenging economic environment, workers should be doing more to
position themselves as leaders in their organizations, but the survey finds
that many are holding back at work, and this can have a negative effect on
performance and productivity,” said Dr. Sam Sanders, college chair for
University of Phoenix School of Business and a former human resources
executive with more than 20 years of hiring and employee relations experience.
“Individuals may feel it is best to maintain the status quo and not draw too
much attention to themselves, but this can send the wrong message and affect
the individual’s personal career growth. Those who understand the big picture
and how their own skill sets help their companies achieve goals should have
more confidence and can have an advantage in the workplace.”

Who Worries the Most and the Least?

New York City residents are significantly more likely to worry about losing
their jobs (78 percent), compared to the national average (61 percent) and
cities such as Chicago (60 percent), Dallas-Ft. Worth (55 percent) and San
Francisco (41 percent). Meanwhile, 59 percent of San Francisco workers never
worry about this, which is significantly greater than the national average (39
percent). The percentages of workers in other select metropolitan areas who
never worry about losing their jobs are as follows: New York City (22
percent), Los Angeles (36 percent) and Atlanta (38 percent).

While the majority of working adults in each age group worry about job loss,
working adults age 55 and older (51 percent) are significantly less likely to
do so compared to their younger counterparts ages 18-34 and 35-44 (both 63
percent) and ages 45-54 (67 percent).

Four Tips to Continue Career Growth Despite a Challenging Economic Climate

“In business classes at University of Phoenix, curriculum mirrors what is
happening in the professional world and we teach skills and create scenarios
in our classrooms that reflect the dynamics of the workplace. Significant
emphasis is placed on problem-solving and being entrepreneurial in your own
career,” said Sanders. He offers the following tips to help individuals get
past the fear and feel comfortable speaking up in their organizations.

  *Be knowledgeable and see the big picture: Particularly in a challenging
    environment, it is important to understand the various factors that are
    contributing to an organization’s success and its challenges. Be a go-to
    expert in your area and demonstrate that you understand how these
    activities fit into the larger organization’s goals.
  *Be a problem solver, not just a problem identifier: Organizations value
    critical thinking, but in uncertain times, it can be tempting to look to
    others for solutions. Focus on the results and the solutions. Demonstrate
    that you have done your homework by having strong proof points when
    recommending ideas.
  *Continue to grow your skills: Turn fear into confidence by understanding
    what skills your company needs and pushing yourself to learn or grow these
    skills. Always be looking for ways to enhance your skill set and tie these
    skills to the organization’s priorities.
  *Be entrepreneurial in your own career: Being an entrepreneur isn’t just
    about starting a business. It is about looking for and seizing
    opportunity. This can mean finding new revenue streams, extending into new
    categories or improving a process. It also applies to your own career.
    Pursue learning opportunities, volunteer for new assignments or tackle a
    project from a different perspective.

To help individuals take control of their career search and management,
University of Phoenix has introduced the Phoenix Career Services™ portal, a
comprehensive set of career resources and tools. This includes the Career
Interest Profiler that assists individuals in discovering how their personal
interests can relate to careers; the Job Market Research Tool that helps
individuals determine where the jobs are, current and recent salary
information and what companies are hiring; and a Career Plan, a personalized
roadmap that enables individuals to create a detailed plan for their academic
journey.

To learn more about Phoenix Career Services, visit
www.phoenix.edu/careerservices, and for more information about University of
Phoenix degree programs, visit www.phoenix.edu.

Survey Methodology

This Working Adult survey was conducted online within the United States by
Harris Interactive on behalf of University of Phoenix between April 18-26,
2013, among 1,616 U.S. adults age 18 or older who are full-time, part-time, or
self-employed. The data include oversamples in New York City, Los Angeles,
Chicago, Dallas-Ft. Worth, San Francisco, and Atlanta. This online survey is
not based on a probability sample and therefore no estimate of theoretical
sampling error can be calculated. For complete survey methodology, including
weighting variables, please contact tanya.burden@phoenix.edu.

About University of Phoenix

University of Phoenix is constantly innovating to help working adults move
efficiently from education to careers in a rapidly changing world. Flexible
schedules, relevant and engaging courses, and interactive learning can help
students more effectively pursue career and personal aspirations while
balancing their busy lives. As a subsidiary of Apollo Group, Inc. (Nasdaq:
APOL), University of Phoenix serves a diverse student population, offering
associate, bachelor’s, master’s and doctoral degree programs from campuses and
learning centers across the U.S. as well as online throughout the world. For
more information, visit www.phoenix.edu.

Contact:

University of Phoenix
Tanya Burden, 303-570-0617
tanya.burden@apollogrp.edu
 
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