Press Release Archive
DALLAS, Texas, October 19, 2007 – The Texas Employee Confidence Index declined for the second consecutive month, decreasing 0.7 points to 63.3 in September, according to the latest Spherion® Employment Report. The monthly survey of Texas workers, conducted by Harris Interactive® on behalf of Spherion Corporation (NYSE:SFN), reveals that while fewer workers have confidence in the future of their current employers, more believe the number of available jobs have increased. In addition, the Index is 1.3 points higher than reported in September 2006.
Results from the Texas Employment Report:
- Fewer workers are confident in the future of their current employers. Specifically in August, 71 percent of workers reported confidence in their employer compared to 65 percent in September.
- Nearly 40 percent (39%) of workers believe more jobs are available versus 35 percent in August.
- Seventy-four percent of workers reported it is unlikely they will lose their job in the next 12 months, compared to 72 percent in August.
“Although workers’ overall confidence has declined somewhat due to recent economic reports, the good news is that employers are still eagerness to find and hire good candidates,” said Kim Lockhart, director of operations for Spherion in Texas. “An increasing number of employers understand that there is a great deal of competition for skilled talent and they have reacted by shortening the interview and decision process to avoid losing a good candidate. We’re also seeing them hire more workers on a full-time basis instead of part-time or on a contingent arrangement. Heading towards the end of the year, I fully expect Texas employers to add to their payrolls across a variety of industries.”
|September 2007 Employment Report Results||Texas Workers||U.S. Workers|
|Aug||Sept||% Point Change||Aug||Sept||% Point Change|
|Job Availability||More Jobs||35%||39%||+4||26%||26%||0|
|Ability to Find New Job||Confident||63%||62%||-1||62%||58%||-4|
|Future of Current Employer||Confident||71%||65%||-6||67%||64%||-3|
|Likelihood to Lose Job||Likely||12%||11%||-1||11%||11%||0|
|Likelihood to Look for New Job||Likely||34%||30%||-4||37%||33%||-4|
About the Spherion Employment Report
As part of the Spherion® Emerging Workforce® Series of employment surveys, the monthly Spherion Employment Report provides a snapshot of the latest workforce trends across the country and is issued in conjunction with state and national labor market releases. Three key indices are measured: the Spherion Job Security Index, which captures how likely respondents think it is that they will lose their job or that their job will be eliminated in the next 12 months; the Spherion Job Transition Index, which captures how likely respondents are to look for a new job in the next 12 months; and the Employee Confidence Index, which measures employees’ overall confidence in the economy, the future of their employer, the availability of jobs, and their ability to find other employment. The Employee Confidence Index is based on these four components, with a ‘score’ calculated for each by taking the difference of the percentage of positive responses and the percentage of negative responses. These four scores are then averaged to indicate an overall level of employee confidence scaled from 0 (no confidence) to 100 (complete confidence). A reading above 50 indicates a positive confidence level.
Spherion Corporation (NYSE:SFN) is a leading recruiting and staffing company that provides integrated solutions to meet the evolving needs of companies and job candidates. As an industry pioneer for 60 years, Spherion has screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs. Positions range from administrative and light industrial to a host of professions that include accounting/finance, information technology, engineering, manufacturing, legal, human resources and sales/marketing.