AROUND half of workers fear they will lose their jobs or be forced to accept a lower salary because of the Covid-19 pandemic, a new study suggests.
A survey of 1,000 adults by jobs site Glassdoor found younger workers and those in small businesses are especially affected.
Glassdoor said its findings suggested that those at an early stage in their careers do not have the same sense of job security as more experienced workers.
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Two-thirds of firms are not hiring any staff at the moment because of the crisis, said Glassdoor.
Managing director John Lamphiere said: "The Covid-19 pandemic is causing understandable anxiety within the UK workforce, with employees across the country, across all sectors, concerned over job security.
"For employers, the message from employees is loud and clear - take away our financial benefits before you take away our jobs.
"Employees are willing to give up part of their salary, or financial rewards such as pay rises and bonuses, to prevent companies from having to lay off staff.
"This attitude, coupled with government support for businesses in the form of the Coronavirus Job Retention Scheme - and more - are all lifelines to help businesses stay afloat during these challenging times and continue serving their respective communities."
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