Employee Confidence in Job Situation Remains Flat

October 8, 2010 (PLANSPONSOR.com) - The SFN Group Employee Confidence Index edged up 0.5 points to 48.7 in September.

The index, which measures workers’ confidence in their personal employment situation and optimism in the economic environment, reveals that the same amount of workers are optimistic in the number of jobs available, despite a slight dip in the percentage believing the economy is getting stronger. At the same time, 35% of workers reported that they are likely to look for a new job, versus 33% in August.  

According to a press release, 61% of workers are confident in the future of their current employer, showing no change from August. Thirty-nine percent of workers are confident in their ability to find a new job, decreasing one percentage point from the previous month.   

Ten percent of workers believe there are more jobs available, while 58% of workers believe there are fewer jobs available, as compared to 64% the prior month.  

Seventy percent of workers believe that it is unlikely they will lose their jobs in the next 12 months, a decrease of two percentage points from August.  

Women reported more confidence in future of their current employer. Specifically, 64% of women are optimistic compared to 57% of men. The press release said workers ages 55+ were the most confident in the future of their current employer, with 69% indicating so.  

The Index found workers ages 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 46% reporting a job change is likely (compared to 20% of workers age 55+ and 28% between the ages of 45-54 years old).  

Workers earning $75,000 or greater were the most confident in the future of their current employer, with 70% reporting confidence. On the contrary, workers earning $35,000 or less were the least confident in the future of their current employer (50%).  

Workers earning less than $35,000 are the most likely to make a job transition in the next 12 months, with 44% saying so.

«