Randstad US Employee Confidence Index Reaches 7-year High
A major finding from the data collected for the Randstad U.S. Employee Confidence Index is that workers are bullish about the economy and their prospects for the future. The June level of those who said they felt confident about “the job market, economy and their personal employment situations” was up 2.6 percent from May, to 58.1 percent, the highest mark since 2007.
A separate macroeconomic confidence index inched up from 44.6 percent in May to 46.7, which Randstad said was the highest it had been in a year. And employees expressed the highest confidence in their personal job situation since 2008, with that confidence index rising from 66.4 percent in May to 69.4 percent in June.
Contributing to the uptick is workers’ improved outlook on their own job prospects and also their current employers’ future. Half of all workers feel confident in their ability to find a job, up from 47 percent last month, and more than six-in-10 (61 percent) are confident in the future of their current employer.
“We’ve seen many months of reserved and cautious optimism regarding the sustainability of an economic recovery, but our findings suggest workers now have sufficient evidence to feel the nation is on the right track,” Jim Link, chief HR officer at Randstad North America, said. “Uncertainty regarding employees’ job security levels is truly diminishing, with 75 percent of the U.S. workers indicating it’s unlikely they will lose their job in the next 12 months. Furthermore, less than 30 percent of the workforce now believes the economy is getting weaker, which is an improved statistic in the past several months.”