U.S. Employee Confidence Index Indicates Improved Outlook on Employers

Press release from the issuing company

Friday, September 6th, 2013

Confidence levels among the American workforce continue to show strength, according to the August Randstad Employee Confidence Index. The report shows increased optimism among workers about both the economy and their job security with the U.S. Employee Confidence Index rising 1.7 points to 58.0 in August. This 2013 Randstad Employment Tracker was conducted by Harris Interactive between August 5-7, 2013 among a U.S. sample of 1,073 employed adults, aged 18 years and older.

Given the widespread optimism about the job market, job security and workforce, it comes as no surprise that fewer employees are likely to look for a new job than in July (down four percentage points to 32%). The study also showed that three-in-five (61%) respondents are confident in the future of their current employer.

"The August numbers were notably strong and continue the positive trend we have seen over the past few months, starting in April when confidence figures reached pre-recession highs," said Jim Link, managing director, Randstad U.S. "This is significant as we seldom see a scenario where nearly all indices indicate an improved outlook."

Added Link, "It is also important to note that although fewer workers expressed interest in job searching, this does not exclude the possibility of top talent passively searching for other opportunities or being recruited to other organizations. It is widely known that many industries are experiencing critical shortages in skilled talent. This is a very real problem, and in fact, the Society of Human Resource Management (SHRM) reported in a recent survey that two-thirds of organizations are having a hard time recruiting for specific job openings. Skilled employees are definitely in the driver's seat and we would expect this trend to continue despite what micro and macro events happen around us."

Randstad, the second largest staffing and HR services firm in the world, has been tracking workforce trends and publishing the U.S. Employee Confidence Index since 2004.

 

Year-to-Date

 

Employee

Macro

Personal

Transition

Security

MONTH

Confidence

Confidence

Confidence

Index

Index

Aug-13

58

 

47.3

 

68.7

 

32

 

74

 

Jul-13

56.3

 

44.3

 

68.3

 

36

 

72

 

Jun-13

56.8

 

46.5

 

67.1

 

36

 

72

 

May-13

54.8

 

42.6

 

67.1

 

37

 

69

 

Apr-13

57

 

46.8

 

67.2

 

35

 

69

 

Mar-13

53.9

 

40.1

 

67.8

 

33

 

73

 

Feb-13

53.5

 

42.9

 

64.1

 

37

 

72

 

Jan-13

52.1

 

38.3

 

65.8

 

33

 

72