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.
Workforce data from the Bureau of Labor Statistics (BLS) remains consistent with job security study findings. By the end of 1Q 2018, there were nearly 2.5 percent more workers than at the end of 1Q 2017 and 0.4 percent more than 4Q 2017, bringing the total number of people in the workforce to 114.6 million.
What else does the report show that impacts HR? To find out, download the full report by clicking below: