From fears over job security to heightened stress, the Covid-19 lockdown is impacting marketers both personally and professionally. As the UK enters its third week of lockdown, the coronavirus crisis is having a personal impact on marketing officer’s lives. An exclusive survey of 849 UK brand marketers was conducted by Marketing Week and its sister title Econsultancy. 49% are ‘very’ or ‘somewhat’ concerned about their job security, while 6.1% have experienced a change in job status.
More than half (59%) say their position has been scaled back since the onset of the Covid-19 outbreak. 32% have been made redundant. Just 9% of marketers have seen their position expanded.
Job security appears to be more of a concern for marketing officers working in smaller organizations (revenues of £50m and under). Over half of respondents (55%) working in smaller businesses are very or somewhat concerned about their job security, compared to 40% of marketers in larger organizations. Marketing officers working for businesses with revenue of more than £50m are more likely to have seen their position scaled back (71%) than their counterparts at smaller businesses (54%). While 29% of marketers in bigger businesses report being made redundant, that number rises to 38% in smaller companies.
Worries take hold for Marketers
Over two-thirds of UK brand marketers (38%) say they are worried by the current situation. Some 32% report feeling distracted, while 17% say they are too busy to feel anything. More than a third of marketers (36%) adopting a ‘keep calm and carry on’ mentality. 15% report feeling frustrated and 11% say they are deeply stressed. On a positive note, 11% feel optimistic the situation will improve.
Worries appear to be taking more of a toll on marketers in smaller businesses. Some 41% say the feel worried, compared to 32% of marketers working in larger organisations. Furthermore, 12% of marketers in smaller organisations feel deeply stressed, versus 7% in larger companies. However, 24% of marketers in these bigger businesses say they feel too busy to feel anything, compared to 13% in smaller companies.
Since the lockdown came into force and brands switched to remote working. 49% of all marketing officers say they are doing much more/somewhat more work. There are just 13% of them who report doing much less work. While 21% of marketing officers say the are more efficient than normal, over twice as many (46%) say they are feeling less efficient.
When it comes to workload, a similar situation is being experienced across all sizes of organisation. More than half of marketers (52%) working in large businesses say they are doing much more/somewhat more work than prior to the coronavirus lockdown. An opinion echoed by 48% of marketers in smaller businesses.
Likewise, 44% of marketers in larger businesses say they feel less efficient than normal due to the new working pattern, compared to 47% in smaller organisations.
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source: Marketing Week