Workers Growing More Comfortable with Job Security
Philadelphia, 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.
Employment Engagement and Recruiting are Related – Find Out How
Cory Kruse, president of Orion Novotus, and Katy Theroux, CHRO of the NCI Group, are sharing their expert views in the first part of this webcast series as they discuss:
- How to build career foundations by recruiting for retention.
- How to address a real problem: 23% of candidates start looking for their next position on the first day of work.
- How much do companies with engaged employees outperform those without?
The best workforce strategies are built on bringing in the best talent and deploying them faster with better engagement and productivity.
The Worker Confidence Index (WCI) for the third quarter of 2017 increased by 2.8 points after a significant drop by 7.9 points in the prior quarter.
Of the four components of the WCI, likelihood of promotion rose the most, up by 3.2 points in 3Q 2017. The other components remained virtually the same.
After a sharp decline in 1Q 2017, job security quickly rebounded, and now stands at 104.8, about where it was five quarters ago. Lack of concern about job loss is the most important indicator in estimating worker confidence about their current and near-term financial outlook.
HRO Today and PeopleScout Release Global Labor Market Study
Data and Predictions Point to Cautious Improvement
Philadelphia – 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. “Fiscal stimulus in major regions like the United States could generate faster domestic and global growth than projected, however rising trade protection under the Trump administration could have adverse effects.”
The Worker Confidence Index (WCI) dropped significantly in the second quarter to 99.7 – the same level for this time last year.
Of the four components of the WCI, only job stability rose, while likelihood of promotion and likelihood of a raise both dropped. The Trust in Company Leadership index also declined, but remained higher than one year ago.
Respondents under the age of 44 grew more confident about their job stability, while older respondents also remained more confident in their job security. In findings similar to one year ago, higher income employees reported having the most job security.
August 17, 2017 – Philadelphia, PA – HRO Today has announced its 2017 Baker’s Dozen Customer Satisfaction Survey rankings for recognition. The rankings were revealed on August 17, 2017, via video announcement on YouTube and live posts on Twitter.
To determine the rankings, HRO Today collects feedback through an online survey that is distributed both directly to buyers through HRO Today’s mailing lists and indirectly by sending service providers the link to send to their clients. Responses are scored for each provider that has a statistically significant sample, and 10 survey responses are required from seven client companies in order to qualify for the top 13 companies.
Results are analyzed across three subcategories: breadth of service, deal size, and service quality. Using an algorithm that weighs questions and categories based on importance, scores are calculated in all three subcategories and for the overall score.
Philadelphia, PA – August 1, 2017 – SharedXpertise, publisher of HRO Today and HRO Today Global magazines and producer of the HRO Today Forum events, announced that Renee Preston has joined the organization as vice president of membership services.
Preston arrives at SharedXpertise with over twenty years of experience inside the outsourcing industry, regularly connecting outsourcing buyers, providers and advisors with networks and platforms for exchanging best practices. Most recently, she held the role of managing director of association development with the International Association of Outsourcing Professionals.
“We’re impressed with Renee’s experience within the association management space,” said Elliot Clark, CEO of SharedXpertise. “We feel that she’ll be a good match, with her background in collaborating with professionals who are supporting, discussing and challenging the traditional ideas in the outsourcing marketplace.”
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.
Nearly a third of employers don’t prescreen for trouble. That’s what a new study shows about background checking.
The stakes are higher now for companies than they’ve ever been. In a tight labor market, there’s enormous pressure to hire more employees quickly; in particular, data and physical security are paramount.
There is also a lack of quantification about the impact of background screening providers. More than three-quarters of study respondents weren’t aware of any formal metrics for measuring the success of their background screening provider service.
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