Randstad’s Employee Confidence Index increased by 1.1-points to 52.2 in July after declining for three consecutive months.
Compared to this time last year, the Index is measuring 4.4 points higher and still remains above the positive confidence threshold of 50.0.
While U.S. second quarter growth and hiring outlooks remain sluggish, employees are surprisingly more upbeat about their personal employment situation.
Temp hiring still of interest
“Similarly to the U.S. Consumer Confidence Index rising for the first time in months, our index also ticked up a bit,” said Joanie Ruge, SVP & chief employment analyst for Randstad U.S.
“Our own report suggests that workers believe in their abilities to not only find a new job if they had to, but nearly 40 percent are likely to do so. While many employers remain cautious about making full-time hires, temporary or contract hiring, is continuing to be of interest.
“In fact, many employers who remain reluctant to add permanent staff are re-evaluating their workforce to determine the right mix of talent moving forward. Even though economists still expect U.S. growth to occur, many are pointing towards sustainability at this point. All eyes are certainly on tomorrow’s jobs report.”
The online survey was conducted by Harris Interactive on behalf of Randstad. It surveyed 1,248 employed U.S. adults, aged 18 and over between July 11-13, 2012.
Look Inside the Report:
Employee Confidence Increases in July
- The Employee Confidence Index was up by 1.1-points in July, registering at 52.2, after three consecutive months of decline
Employees Unconvinced About Economic Recovery
- With fewer than a quarter of employees indicating their optimism for an improving economy, others are split on whether the economy is staying the same (38 percent) or getting worse (39 percent)
Women Confident in Different Ways than Men
- Women indicate more confidence in the future of their current employer at 63 percent versus men (55 percent)
- Women overall were less confident in their ability to find a new job (41 percent) than men (46 percent)
- Seventy-four percent of both men and women say it is not likely they will lose their jobs
- Men (42 percent) are more likely then women (34 percent) to look for a new job in the next 12 months
U.S. Workers Confident in Job Security and Company
- In July, employees’ confidence in the security of their current job continued to remain strong with an increase of three percentage points to 74 percent
- Despite the gloomy attitude around the economy, 59 percent of employees are confident in the future of their employers
The Randstad U.S. Employee Confidence Index measures workforce trends across the country since 2004.
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- Study Says: IT worker confidence declining
- IT employee confidence hits highest level since 2005
- Employee confidence in company outlook, pay raises, hits 4-year high
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