U.S. workers are reporting the highest level of job security seen since October 2008, according to the September Randstad U.S. Employee Confidence Index. Despite a slight drop – down 2.3 points to 55.7 in September – in overall employee confidence (which includes their outlook on the economy and their employers), the steady improvement in sentiment around job security was marked by more than three-quarters (76%) of respondents feeling unlikely to lose their current job.
The Randstad Employment Tracker was conducted by Harris Interactive on behalf of Randstad in September, and included 1,025 employed U.S. adults ages 18 and older.
Here are some other findings from the report:
Overall Economy Showing Signs of Improvement
- More than a third (36%) are likely to look for a new job in the next 12 months
- Nearly three-fifths (59%) of respondents are confident in the future of their current employer.
“In step with the national employment situation, our Index has reflected a year of mixed sentiment and fluctuating levels of confidence among workers,” said Jim Link, Chief HR Officer, North America, at Randstad.
“However, the increased level of job security among employees coincides with other positive signs we are seeing in the overall market, such as the rise in the Index of Leading Economic Indicators, which indicates a slowly mending economy, a rebound in new U.S. home sales and an increase in durable-goods orders. Additionally, the number of people likely to look for a new job rose from last month and has consistently remained in the mid-to-high 30s despite the ebbs and flows of the economy. These are all signs of a fairly confident workforce.”
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. Here's a look back at employee confidence levels over the past three months:
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