Workers Growing More Comfortable with Job SecurityPhiladelphia, PA – December 7, 2017 – HRO Today announced that it has released its Worker Confidence Index Study for the third quarter of 2017. In this study, the Worker Confidence Index (WCI) reports an increase of 2.8 points over the prior quarter to 102.5 – also up from the same period one year ago. Of the four components of the WCI, likelihood of a promotion rose by 3.2 points in the third quarter, while other components remained virtually the same. Congruently, after a sharp decline earlier this year, job security has quickly rebounded and now stands at about where it was five quarters ago (104.8). Lack of concern about job loss is the most important indicator in estimating worker confidence about their current and near-term financial outlook. Meanwhile, the rate of growth in the gross domestic product remains unchanged from the prior quarter, and workers have indicated that their trust in company leadership has been waning steadily over the last three quarters.
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HRO Today and PeopleScout Release Global Labor Market Study Data and Predictions Point to Cautious ImprovementPhiladelphia – August 24, 2017 – SharedXpertise, publisher of HRO Today, and PeopleScout, a global provider of recruitment process outsourcing (RPO), managed services (MSP) and total workforce solutions, have announced the release of the first quarterly global unemployment report for 2017. This report allows companies to consult global labor market data about employment rates, economic growth and the state of the talent pool in various countries and regions. It provides access to essential information for predicting high-potential locations for expansion and recruitment, allowing multinational companies to stay competitive in talent acquisition. “This quarter’s report is showing that global economic growth is projected to accelerate by about 3 percent in 2017,” said Larry Basinait, vice president of market research at SharedXpertise.
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The Worker Confidence Index (WCI) increased for the fifth consecutive quarter and set a new level for this study. The WCI rose 3.1 points to 107.6 in the first quarter, which is 10.9 points higher than one year ago.
In addition, two out of the four components of the WCI – likelihood of promotion and raise – rose by more than nine points, while job stability and trust in leadership slightly declined.
There is also is a dichotomy in worker confidence. Those feeling secure about their jobs are thriving, but an increasing percentage isn’t even confident they wouldn’t lose their job. The economy is also a concern.
What else does the report reveal that impacts HR? Find out by downloading the report with these options below:
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