Employee Confidence Reaches a New High
Employee confidence has climbed to its highest level in more than a decade, according to the most recent U.S. Employee Confidence Index (ECI) survey from Randstad US. Given that the U.S. Bureau of Labor Statistics reported that March job gains declined to 126,000—after average monthly gains of nearly 270,000 for the past year—the index findings present encouraging news. An increasing number of workers surveyed said that more jobs are available than in the recent past, and they have greater confidence in their ability to find a new job. In addition, these employees are more confident in the future of their current employer. "The stalled employment numbers have already led to discussions … as to whether they simply represent a bump in the road or perhaps early signs that a broader economic slowdown is beginning," says Jim Link, chief HR officer at Randstad North America. "However, it's important to remember that in previous recessions, consumer sentiment started declining well before the economy visibly weakened. Right now, several indicators show consumer sentiment is still rising, [and] workers feel very confident in the economy and overall job market." More than 1,970 U.S. employees took part in the research, which was conducted by the Harris Poll.