Press Release Archive
FORT LAUDERDALE, Fla., Sept. 3 /PRNewswire/ -- The SFN Group Employee Confidence Index remained virtually unchanged, decreasing 0.2 points to 48.2 in August. The index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, reveals that slightly more workers believe the economy is getting weaker, although the percentage indicating that more jobs are available increased.
"Despite nominal movement in our latest Employee Confidence Index, there was quite a bit of good news inside our latest report," said Roy Krause, president and CEO of SFN Group, Inc. "Not only are workers feeling more secure in their current positions, but they are also feeling slightly more optimistic about the future of their current employers. While recent economic figures show a mixed bag, we need to look at the bigger picture. Looking back to where we were as a nation one year ago, things have improved significantly. Given the current trends within our recruiting and staffing business, we are continuing to see solid growth for temporary help services. This mirrors what has been reported nationally. In fact, temp services year-to-year performance was up 22.1 percent from August 2009. Until we start to see this positive trend flatten or pull back, we remain encouraged."
A Look Inside the Report:
Confidence in Overall Situation:
The SFN Group Employee Confidence Index remained virtually unchanged, dropping 0.2 points to 48.2 in August. The index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, reveals that slightly more workers believe the economy is getting weaker, although the percentage indicating that more jobs are available increased.
Confidence in Macroeconomic Environment:
- Twenty-one percent of U.S. workers believe the economy is getting stronger, an increase of one percentage point from July. At the same time, 41 percent believe the economy is getting weaker (compared to 39 percent in July).
- Sixty-four percent of workers believe there are fewer jobs available, as compared to 62 percent the prior month. Ten percent believe there are more jobs available (versus eight percent in July).
Confidence in Personal Employment Situation:
- Sixty-one percent of workers are confident in the future of their current employer, an increase of two percentage points from the previous month.
- Forty percent of workers indicated confidence in their ability to find a new job, up from 39 percent in July.
- Seventy-two percent of workers believe that it is unlikely they will lose their jobs in the next 12 months, showing an increase of four percentage points from the prior month.
- Fewer workers are likely to look for a new job in the next 12 months. Specifically, 33 percent of workers reported in August that they are likely to job search versus 37 percent in July.
Confidence by Gender:
- In August, 41 percent of both men and women believe the economy is getting weaker.
- Men displayed more confidence in their ability to find a new job versus women. Specifically, 43 percent of men are confident (compared to 37 percent of women).
Confidence by Age:
- Workers ages 18-34 were the most likely among all age brackets to believe the economy is getting stronger, with 24 percent reporting confidence.
- Sixty-two percent of workers 55+ indicated confidence in the future of their current employer — the highest among all age groups.
- Younger workers, specifically those 18-34 years old, are the most likely among all age brackets to indicate a likelihood of making a job transition in the next 12 months, with 44 percent believing a job change is likely.
Confidence by Income:
- Forty-five percent of workers earning $75K or greater revealed confidence in their ability to find a new job — the highest among all income cohorts.
- Workers earning less than $35K are the most likely to make a job transition in the next 12 months. This is the highest percentage amongst all income brackets, with 40 percent believing so.
About SFN Group, Inc.
SFN Group 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 approximately 550 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