PHILADELPHIA, Nov. 26, 2019 (GLOBE NEWSWIRE) -- American worker confidence hit a record high in Q3 2019, surpassing its previous all-time high set in Q1 of this year. Following a mid-year fall in Q2 2019, the national Worker Confidence Index™ (WCI) rose 11.8 points to 116.7 in Q3 2019. The Worker Confidence Index™ is a survey of U.S. workers from HRO Today Magazine and Yoh, the leading international talent and outsourcing company owned by Day & Zimmermann, which gauges workers’ perceptions of the four key aspects of worker confidence: perceived likelihood of job loss, perceived likelihood of a promotion, perceived likelihood of a raise, and overall trust in company leadership.
Overall, the index grew from 104.8 Q4 2018 to 116.7 in Q3 2019. This is the largest quarter-over-quarter increase the index has seen in its nearly five-year history. Of the WCI’s four indices, the job security index was the only index to report a quarterly decrease. The remaining three – likelihood of a promotion, likelihood of a raise and trust in company leadership indices – all increased. Compared to the same time last year, those same three indices were higher overall, with the Job Security Index being the only index to fall, down by 2.7 points.
Americans’ perceived likelihood of a promotion saw the biggest jump quarter-over-quarter, rising from 110.1 in Q2 2019 to 133.9 in Q3 2019. Perceived likelihood of a raise saw the second-largest increase, going from 104.4 in Q2 2018 to 121.1 in Q3 2019. Both of these were the largest such increases quarter-over-quarter for these indices in the history of the WCI. Perceived job security and trust in company leadership saw minor falls and rises, respectively.
“With the WCI showing worker confidence at an all-time high and unemployment numbers remaining historically low, it shows companies are investing strongly in the most important part of any healthy business – their talent,” said Kathleen King, Senior Vice President, Enterprise Solutions, Yoh. “However, this good news does present a challenge. With high confidence and high unemployment, it means hiring managers, HR and businesses in general need to work that much harder to identify candidates and fill their employment gaps. Only by working with the best staffing partners and taking advantage of the most up-to-date recruiting technology can companies truly keep up in today’s competitive talent landscape.”
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To view the entire study, please visit, http://www.yoh.com/hro-today-employee-well-being-study.
ABOUT YOH
For over 70 years, Yoh has provided the talent needed for the jobs and projects critical to our clients’ success by providing comprehensive workforce solutions that focus on Aerospace and Defense, Engineering, Health Care, Life Sciences, Information Technology and Telecommunications. Yoh fulfills immediate resource needs and delivers enterprise workforce solutions, including Managed Services, Recruitment Process Outsourcing, Vendor Management Systems, Independent Contractor Compliance, and Payroll Services. For more information, visit Yoh.com.
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