The Randstad Manufacturing & Logistics Employee Confidence Index, a measure of overall confidence among U.S. workers in this sector, hit an all-time high this quarter
rising from 50.5 to 56.0 – a level not reached since Randstad began tracking the index in 2005.
The quarterly survey, conducted by Harris Poll among 161 manufacturing and logistics workers on behalf of Randstad, also found workers’ sense of economic strength, availability of jobs and their ability to find a new job all rose this quarter.
In addition, when it comes to job security, the majority (58%) of manufacturing and logistics workers feel it is not likely they will lose their jobs in the next 12 months. However, nearly four-in-10 (39%) workers say it is likely they will seek out new employment in the next year, increasing six points from last quarter.
In a survey by the Institute for Supply Management
(ISM), manufacturing members say they expect to increase staffing by an average of 2.4 percent in 2014, with revenues projected to rise by an average of 4.6 percent. In addition, 44 percent of manufacturing ISM members see better conditions ahead.
Yet, manufacturers continue to worry about their ability to hire. A recent report found 55 percent of manufacturers say they have or will have a shortage of people with the right skills in research and development, and half say they face a similar shortage in marketing.
From the Desk of Traci Fiatte, Group President, Randstad Staffing
“This is an unmatched level of confidence for manufacturing and logistics workers.”
We’re seeing a growing number of manufacturers bringing more work onshore rather than cutting production workers and outsourcing work overseas, which is necessitating the need to hire more workers.
At Randstad, we see an uptick in the demand for skilled manufacturing and logistics talent, which is complimented by the fact that the economy added 16,000 new jobs in the sector in June. The job market for our industrial engineers
, first-line supervisors of production
and sales representative
candidates is looking very positive, with many having the choice between multiple job offers. The expanding job market for manufacturing and logistics workers may be one reason our survey found nearly four out of every 10 of these workers say it is likely they will look for a new job in the next 12 months –increasing from 33 percent last quarter.
A Closer Look at the Findings:
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This survey was conducted online within the United States by Harris Poll on behalf of Randstad from April 7-9, May 8-12 and June 4-6, 2014 among 3,352 adults ages 18 and older, of which 161 are employed in manufacturing and logistics. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact firstname.lastname@example.org
About Randstad Manufacturing & Logistics
With more than 50 years of experience in the Manufacturing & Logistics industry, we can access the right talent at the right time. We designed our products, services and solutions with the specifications required to best ensure that our clients receive qualified, dependable talent who they can trust to perform the job responsibly.
With our deep industry understanding, experience and commitment to ongoing education, we have designed an unparalleled service model to deliver reliability, responsibility and results. Our service and expertise in attracting and assessing the right talent for the right job combine to create partnerships that result in ongoing success.
About Randstad US
Randstad US is a wholly owned subsidiary of Randstad Holding nv, a $22.0 billion global provider of HR services. As the third largest staffing organization in the U.S., Randstad holds top positions in permanent placement, office and administrative, IT and accounting and finance. From professional services, commercial staffing, recruitment process outsourcing, to managed services and more, Randstad delivers a comprehensive range of temporary, temporary-to-hire, permanent placement and outsourced placement services. With its 5,324 employment experts, Randstad puts an average of approximately 100,000 people to work in the U.S. each week, through its network of nearly 1,000 branches and client-dedicated locations.