U.S. Employee Confidence Index Heats Up

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Friday, August 03, 2012

While U.S. second quarter growth and hiring outlooks remain sluggish, employees are surprisingly more upbeat about their personal employment situation. Randstad's Employee Confidence Index increased by 1.1 points to 52.2 in July after declining for three consecutive months. Compared to this time last year, the Index is measuring 4.4 points higher and still remains above the positive confidence threshold of 50.0.

The online survey was conducted by Harris Interactive on behalf of Randstad. It surveyed 1,248 employed U.S. adults, aged 18 and over between July 11-13, 2012.

"Similarly to the U.S. Consumer Confidence Index rising for the first time in months, our index also ticked up a bit," explains Joanie Ruge, SVP & chief employment analyst for Randstad U.S. "Our own report suggests that workers believe in their abilities to not only find a new job if they had to, but nearly 40 percent are likely to do so. While many employers remain cautious about making full-time hires, temporary or contract hiring, is continuing to be of interest. In fact, many employers who remain reluctant to add permanent staff are re-evaluating their workforce to determine the right mix of talent moving forward. Even though economists still expect U.S. growth to occur, many are pointing towards sustainability at this point. All eyes are certainly on tomorrow's jobs report."

With fewer than a quarter of employees indicating their optimism for an improving economy, others are split on whether the economy is staying the same (38 percent) or getting worse (39 percent). Women indicate more confidence in the future of their current employer at 63 percent versus men (55 percent). Seventy-four percent of both men and women say it is not likely they will lose their jobs, and men (42 percent) are more likely than women (34 percent) to look for a new job in the next 12 months.

In July, employees' confidence in the security of their current job continued to remain strong with an increase of three percentage points to 74 percent. Despite the gloomy attitude around the economy, 59 percent of employees are confident in the future of their employers.

Source: Randstad

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