For many, incomes have stagnated and prospects for greater income are limited, causing a sharp decline in worker confidence.
By The Editors
Current worker confidence has reversed the upward trend reported over the last year and dropped significantly in the second quarter of 2017. The Worker Confidence Index (WCI) from HRO Today and Yoh Recruitment Process Outsourcing report a decline of 7.9 points, falling back to a level of 99.7. This is the same level reported at the end of the second quarter in 2016. Of the four components of the WCI, only job stability rose by 4.5 points in the second quarter of 2017, while likelihood of promotion and likelihood of a raise declined by 21.4 points and 11.1 points, respectively. The trust in company leadership index declined by 3.4 points but remains 5 points higher than one year ago.