A recent survey conducted by jobs.lu reveals that 4 in 10 employees expect to receive a promotion or salary increase during the course of the year 2024.

Around 60% of workers consider their career expectations to be aligned with the current job market.

While a third of respondents consider their degree of job security to have improved in recent months, more than half say they are concerned about job-related stress or professional burnout.

Luxembourg, January 29, 2024 – To what extent are the recruitment difficulties facing employers beneficial to employees? How do they perceive the situation? These questions formed the crux of a recent survey conducted by jobs.lu on the topic of ‘professional satisfaction and career expectations in 2024’, to which 1,150 Luxembourg employees responded.

4 in 10 employees expect to receive a payrise

The survey reveals that Luxembourg employees are relatively optimistic for the months to come, despite an uncertain economic climate and questions from businesses about Luxembourg’s competitiveness. In fact, four in ten employees (41.57%) expect to benefit from a salary increase or promotion over the course of this year. Three in ten (31.70%) expect no improvement and 26.72% of respondents remain unsure.

Beyond this, almost 6 in 10 employees state that their expectations are aligned with the 2024 job market.

A renewed confidence in the market for employees

‘These results reveal employees’ confidence for the future. Many are aware of the recruitment difficulties facing employers and their concerns regarding retaining employees in order to be able to meet demand. Many workers understand that they are in a good position to negotiate an improvement in their situation,’ assures Arthur Meulman, CEO of jobs.lu. ‘Respondents’ perception of the evolution of job security confirms this situation. 30.35% of respondents consider their degree of job security to be improving, 55.68% of respondents observe no change and only 12.52% of respondents expect this to deteriorate in the coming months.’

Half of employees are concerned by stress and burn-out

However, it’s not all plain sailing. Talent shortages often lead to understaffed workplaces. Through their survey, jobs.lu sought to question employees about stress and exhaustion at work by asking them if they were concerned about these issues.

• More than half of respondents (50.58%) state they are concerned about the risks of stress and professional burnout
• 40.37% state they are not worried about these subjects
• 9.06% state they have no opinion on the matter

‘The results of the survey reveal a contrasting reality on the ground. Though the current job market remains a source of opportunities for employees, we can see that the pressure exerted on those in work remains significant, while everyone aspires to attain a better work-life balance (see our previous press release),’ explains Arthur Meulman. ‘Although these have been cause for concern for several years now, issues linked to stress and professional burnout tend to be exacerbated in a market lacking in labour. These issues are expected to come back to the forefront in the coming months.’

Would you like to know more?

Hannah Arnoldy
Marketing Manager
T: +352 27 99 27 98 38
E: hannah.arnoldy@jobs.lu

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Methodology

As part of its survey, jobs.lu submitted a questionnaire to a sample of active employees in Luxembourg on the topic of ‘professional satisfaction and career expectations in 2024’. 1,150 people responded to the questions between 20 November and 8 December 2023. The collected data reveals trends related to employees’ satisfaction with their current situation and provides insights into their expectations for the upcoming year.