FORT LAUDERDALE, Fla. /PRNewswire/ — The SFN Group Employee Confidence Index decreased 5.8 points to 48.1 in June, the lowest level recorded in nearly two years. The Index, which measures workers’ confidence in their personal employment situation and optimism in the economic environment, reveals widespread dips in confidence and optimism among all measurable components of this survey. Namely, fewer workers believe the economy is getting stronger and more workers have lost confidence in the future of their current employer, as well as in their ability to find a new job.
“Recent stumbles in the economic recovery, such as slower job growth this quarter and increasing unemployment claims, have clearly shaken workers’ confidence,” says Roy Krause, President and CEO of SFN Group, Inc. “With the largest monthly decrease in our Index to date, workers appear to be very apprehensive about their own personal employment situations and the future of their current employer. However, it is important to remember that periods of slower growth are to be expected due to the depth of the recession. A recovery won’t happen overnight and we anticipate workers’ confidence to become more stable once we begin to see more consistency in economic indicators.”
The online survey was conducted by Harris Interactive on behalf of the SFN Group. It surveyed 1,434 employed U.S. adults, aged 18 and over between June 14 and 16, 2011.
A Look Inside the Report:
Confidence in Overall Situation:
The SFN Group Employee Confidence Index decreased 5.8 points to 48.1 in June, the lowest level recorded in nearly two years. The Index, which measures workers’ confidence in their personal employment situation and optimism in the economic environment, reveals widespread dips in confidence and optimism among all measurable components of this survey. Namely, fewer workers believe the economy is getting stronger and more workers have lost confidence in the future of their current employer, as well as in their ability to find a new job.
Confidence in Macroeconomic Environment:
Fewer U.S. workers believe the economy has strengthened, with two in 10 workers expressing confidence in June as compared to 28 percent in May.
Fifty-eight percent of workers believe there are fewer jobs available, increasing seven percentage points from last month.
Confidence in Personal Employment Situation:
Fifty-seven percent of workers are confident in the future of their current employer, decreasing six percentage points from the previous month.
Four in 10 workers are confident in their ability to find a new job, down six percentage points from May.
Job Security:
Slightly more than two-thirds (68 percent) of workers believe that it is unlikely they will lose their jobs in the next 12 months. This is a decrease of four percentage points from the previous month.
Job Transition:
Fewer workers are likely to look for a new job in the next 12 months. In June, 35 percent of workers indicated the likelihood to make a job transition versus 39 percent in May.
Source: PRNewswire