Tag Archives: HRO Today Research

Remaining Resilient

Employee Confidence

Worker confidence is boosted by increased job security in the current tight labor market.

By Larry Basinait

The Worker Confidence Index (WCI) for the second quarter of 2018 declined by 2.8 points, reversing a prior trend of consecutive quarterly increases. The WCI now stands at 104.3 (see Figure 1). Of the four components of the WCI, only job security increased, up by four points to 104.0. Likelihood of promotion decreased the most, down by 9.9 points. Likelihood of a raise and trust in company leadership indices also declined for the quarter. However, all four indices remain higher than they were one year ago.

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Global Unemployment Report: Q2 2018

Deploying a global workforce and ensuring access to the best talent is a crucial component of success for many enterprises. Global labor market data is an invaluable tool for multinational HR departments and can be used to inform critical decisions around the best countries and regions in which to grow

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Global Unemployment Remains Low

Global Unemployment

APAC and North America lead other regions in economic growth in the first quarter of 2018.

By Larry Basinait

Deploying a global workforce and ensuring access to the best talent is a crucial component of success for many enterprises. For multinational HR departments, global labour market data is an invaluable tool that can be used to inform critical decisions around the best countries and regions in which to grow. PeopleScout, a global provider of RPO, MSP, and total workforce solutions, has partnered with HRO Today to produce quarterly reports that compile current international labour market figures, including measures such as national Gross Domestic Product (GDP), unemployment rates, and important trends from the world’s leading economies by country and region. This data reveals actionable information about the quality and availability of the talent pool, working conditions, and recruitment opportunities.

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Global Unemployment Report: Q1 2018

Deploying a global workforce and ensuring access to the best talent is a crucial component of success for many enterprises. Global labor market data is an invaluable tool for multinational HR departments and can be used to inform critical decisions around the best countries and regions in which to grow. PeopleScout, a global provider of RPO, MSP, and total workforce solutions, has partnered with HRO Today Magazine to produce quarterly reports that compile current international labor market data and important trends from the world’s leading economies by country and region.

What else does the report show that impacts HR? Download the full report below to find out.

Download the full report here

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Worker Confidence Index – First Quarter 2018

The Worker Confidence Index (WCI) for the first quarter of 2018 increased by 2.6 points, and has increased in each of the last three quarters.

Of the four components of the WCI, Likelihood of Promotion rose the most, improving by 9.7 points, while the Likelihood of a Raise also improved by 4.6 points. Job Security and The Trust in Company Leadership indices showed modest declines in the quarter, but were similar to the first quarter of 2017.

Concern about job loss is the most important indicator in estimating worker confidence about their current and near-term financial outlook. Women continue to report the highest level of job security since the inception of the study. The percentage of males who felt that they would lose their job decreased slightly in 1Q 2018.

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Outlook Looks Good

Global Unemployment

Data projects 2018 global economic growth to increase by 3.1 percent.

By Larry Basinait

To explore international labor markets, companies must first consult global labor market data. PeopleScout, a global provider of RPO, MSP, and total workforce solutions, has partnered with HRO Today to produce quarterly reports that compile current international labor market figures, including measures like national Gross Domestic Product (GDP) and unemployment rates over time, from countries across the globe. This data reveals critical information about the state of the talent pool, working conditions, and recruitment needs of various countries and regions. It is an essential tool for predicting fruitful locations for expansion and recruitment, thereby allowing multinational companies to stay competitive in talent acquisition.

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Feeling Insecure?

Worker Confidence Index

Although worker confidence remains high, today’s workforce is concerned about one thing: job security.

By Larry Basinait

The Worker Confidence Index (WCI), which measures employee attitudes about their perceived job security, increased by 0.7 points since the third quarter of 2017 and decreased by 1.3 points since the fourth quarter of 2016. It now stands at 103.2 after increasing for the past two consecutive quarters. Of the four components of the WCI, trust in company leadership rose by 3.2 points in the last quarter while confidence related to job security declined by 2.5 points. The decline in the WCI in the last year reflects employee concerns about the state of today’s workplace; in particular, trust in company leadership experienced a significant drop of 3.6 points since the fourth quarter of 2016. Recent volatility in the stock market may contribute to lower worker confidence in 2018, but for now, confidence remains high overall.

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Global Unemployment Report: Q4 2017

To explore international labor markets, companies must first consult global labor market data. This much-anticipated quarterly report compiles current international labor market figures from countries around the world, including measures like national Gross Domestic Product and unemployment rates, and tracks them over time.

This report also contains a section on the five developed nations most deeply impacted by chronic unemployment.  Further insight into the challenges these countries face and the underlying causes of their struggles with high unemployment rates are explored.

 

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The Worker Confidence Study – Annual Report 2017

The Worker Confidence Index (WCI) decreased by 0.7 points since last quarter and 1.3 points since last year. It now stands at 103.2 after increasing for the past two consecutive quarters.

Of the four components of the WCI, trust in company leadership rose by 3.2 points, while there was a 2.5 percent decline in confidence related to job security.

The decline in the WCI since last year suggests some concerns in worker confidence, specifically related to trust in company leadership – which experienced a significant drop of 3.6 points since the fourth quarter of 2016. Recent volatility in the stock market may contribute to lower worker confidence in 2018, but for now, confidence remains high overall.

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HRO Today Research Roundup

HRO Today Research

A look at the top findings from our 2017 studies.

By The Editors

Industry research is core to human capital management and decision-making. That is why in 2017, the HRO Today research team took a deep dive into several topics that presented challenges to HR professionals: candidate engagement, Millennial preferences, global unemployment, worker confidence, company reputation, and more. Here, we share some of the top findings—the full version of each report can be found on our website.

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