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Why Worker Confidence Remains Strong

 
 
By Dennis McCafferty  |  Posted 10-14-2015 Email
 
 
 
 
 
 
 
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    Why Worker Confidence Remains Strong
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    Why Worker Confidence Remains Strong

    Workers are secure in their ability to find new jobs, so CIOs would be best served keeping their best talent engaged and happy within the department.
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    Holding Steady
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    Holding Steady

    The overall worker confidence index is 61.9, down just slightly from 62.3 the previous quarter.
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    Sustained Strength
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    Sustained Strength

    38% of surveyed workers feel the economy is getting stronger, which is about the same as last quarter.
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    Employment Outlook
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    Employment Outlook

    32% of those surveyed said there are more jobs available this quarter compared to the recent past, down from 35% earlier this year.
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    Building Momentum
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    Building Momentum

    53% are confident in their ability to find a new job, up from 51% last quarter.
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    Company Pride
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    Company Pride

    62% are confident in the future of their current employer, which is the same as earlier this year.
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    Firm Footing
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    Firm Footing

    73% said it isn't likely they'll lose their job in the next 12 months, which is also the same as last quarter.
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    Staying Put
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    Staying Put

    35% said they're likely to look for a new job in the next year, up from 33% earlier this year.
  • Previous
    He Said/She Said, Part I
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    He Said/She Said, Part I

    44% of male employees feel the economy is getting stronger, but only 31% of women workers agree.
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    He Said/She Said, Part II
    Next

    He Said/She Said, Part II

    34% of male workers believe there are more jobs available than in the recent past, while just 29% of female employees feel this way.
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    Generational Divide
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    Generational Divide

    60% of employees under age 35 are confident in their ability to find a new job, compared to no more than half of workers 45 and older who are confident about this.
 

Overall confidence among employees about their present and future remains impressively high, according to the most recent U.S. Employee Confidence Index (ECI) survey from Randstad US. A significant share of workers feel the economy is getting stronger, and a majority are confident in the future of their current employer. Meanwhile, CIOs may want to know that most professionals these days are confident in their ability to find a new job, and a growing number plan to look for a new one—so they need to find ways to keep them engaged and with the company. The findings follow other signs of encouraging economic news: More than 200,000 jobs have been added in 13 of the last 15 months, and the unemployment rate declined from 5.7% in January to 5.3% in June. "The decreased labor participation rate may raise some concerns," said Jim Link, chief HR officer of Randstad North America. "But it's important to note the largest source of nonparticipants was the group who transitioned from being employed to no longer being in the workforce, as opposed to those who were underemployed and stopped looking for work, also known as discouraged workers." As always, the index includes both gender and generational breakdowns, and we've included some of those here. More than 2,000 U.S. employees took part in the research, which was conducted by Harris Poll.

 
 
 
 
 
Dennis McCafferty is a freelance writer for Baseline Magazine.

 
 
 
 
 
 

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