Our Index also factors in that many of these forms of insecurity intersect and compound the overall level of insecurity that workers face. Using principal component analysis, relatively more weight is attached to job characteristics that are strongly correlated with other characteristics of insecure work. For example, involuntary morocco rcs data part-time work and low pay are weighted more heavily than other features of insecure work such as having a second job. Therefore, the Index allows us not only to analyse how widespread insecurity is but also to measure the severity of insecurity that workers face.
We classify workers into three categories based on the level of job insecurity they experience:
secure (no indicators of insecurity)
low to moderately insecure (one or several lower weighted forms of insecurity)
severely insecure
Workers experiencing involuntary part-time and involuntary temporary forms of work, or a combination of two or more heavily weighted forms of insecurity are classed as severely insecure.
Creating the UK Insecure Work Index has enabled us to highlight which worker groups, sectors of the economy, and regions in the UK are most exposed to the risk of severely insecurely work. Our Index 2024 report is an updated outlook on the state of insecure work in the UK.