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FORT LAUDERDALE, Fla., April 2 /PRNewswire-FirstCall/ -- The SFN Group Employee Confidence Index rose by 0.3 points to 49.2 in March. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, shows that more workers are confident in the strength of the economy and in job availability. In addition, more workers reported an increase in job security.
"Our Employee Confidence Index has remained pretty stable over the last few months," said Roy Krause, president and CEO of SFN Group, Inc. "Workers continue to be more personally confident, especially when it comes to considering a job change in the next year. In fact, 50 percent of 18-34 year-olds cite they are likely to do so — higher than any other age group. What this tells us is that employers are not going to be in the driver's seat for long. Not only are workers taking more control of their careers, but the ways in which they work are changing as a result of this economic recession. Gone are the days when the word 'temp' referred to the office secretary or data-entry intern. Today, temporary workers include many highly skilled professionals, ranging from IT, accounting and finance talent, all the way up to office of the CFO. Since September, the U.S. economy has added 313,000 temporary jobs. This number should only increase as more employers look to add greater flexibility to their workforce to avoid the highly disruptive — and highly painful — situation they were in last year when belt tightening forced mass layoffs."
A Look Inside the Report:
Confidence in Overall Situation:
The SFN Group Employee Confidence Index rose by 0.3 points to 49.2 in March. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, shows that more workers are confident in the strength of the economy and in job availability. In addition, more workers reported an increase in job security.
Confidence in Macroeconomic Environment:
- Twenty-four percent of U.S. workers believe the economy is getting stronger, up one percentage point from February.
- Sixty-three percent of workers surveyed believe there are fewer jobs available, decreasing four percentage points from the previous month.
Confidence in Personal Employment Situation:
- Thirty-six percent of workers are confident in their ability to find a new job compared to 38 percent in February.
- The percentage of workers reporting confidence in the future of their current employers decreased by four percentage points to 60 percent.
- Seventy-three percent of workers say they are unlikely to lose their jobs in the next year, increasing three percentage points from the previous month.
- Thirty-five percent of workers are likely to look for a new job in the next 12 months, showing no change from February's reading.
Confidence by Gender:
- Twenty-six percent of males believe the economy is getting stronger compared to 21 percent of females.
- When asked if they are confident in their ability to find a new job, more males reported optimism, with 39 percent reporting confidence (versus 32 percent of females).
- Nearly the same percentage of males and females are likely to look for a new job in the next year (34 percent of males and 35 percent of females).
Confidence by Age:
- Fifty percent of workers between the ages of 18-34 are likely to look for a new job in the next year. This is the highest among all age brackets.
- Workers ages 45-54 are the most confident in the future of their current employer, with 70 percent of workers in this age group indicating so.
- According to the latest results, 68 percent of workers ages 45-54 also believe there are fewer jobs available.
Confidence by Income:
- Workers earning $75K or greater are the most confident in the future of their current employer, with 64 percent indicating so compared to 56 percent of those earning less than $35K.
- Forty-one percent of workers earning less than $35K are the most likely to look for a new job in the next year; while workers earning $50K or more are the least likely.
- Twenty-four percent of workers earning less than $35K believe they are likely to lose their jobs in the next 12 months. This is the highest reading across all income cohorts.
About SFN Group, Inc.
SFN Group (NYSE: SFN) is a strategic workforce solutions company that provides professional services and general staffing to help businesses more effectively source, deploy and manage people and the work they do. As an industry pioneer, SFN Group has sourced, screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs for more than 60 years.
With nearly 600 locations in the United States and Canada, SFN delivers strategic workforce solutions that improve business performance. From outsourcing to technology to professional services to staffing, SFN delivers the best combination of people, performance and service to improve the way work gets done. It provides its services to approximately 8,000 customers, from Fortune 500 companies to a wide range of small and mid-size organizations. The company employs more than 160,000 people annually through its network and is one of North America's largest employers. SFN provides its solutions through a family of specialized businesses: Technisource, Tatum, The Mergis Group, Todays Office Professionals, SourceRight Solutions and Spherion Staffing Services.
To learn more, visit www.sfngroup.com.
SOURCE SFN Group, Inc.