The Gallup/UBS Employee Outlook Index ended the month at 66, up eight points from August – the first hike since June. The index uses a benchmark of 72 at its April 2002 launch.
According to the Index, 72% of those surveyed rated their boss as either “Excellent,” or “Good to Work For.” Additionally, 74% of those surveyed said that their boss is doing an “Excellent,” or “Good Job,” for their company.
When asked about job stress and its root causes, 54% of respondents report that “Demands of the Job Itself,” is the largest contributor to work-related stress. The “People you Work With” ranked second among stress factors at 20%, compared with 10% who cite “Their Boss” as the leading cause of stress.
Notably, employees express greater confidence in their company’s short-term future with 42% saying that they are “Extremely Confident” that they will continue to have their job for the next 12 months and an additional 35% reporting that they are “Very Confident” in keeping their jobs over the coming year.
However, more than half of those surveyed, 56%, describe the current job market as “Only Fair” or “Poor.”
At the same time, a majority of employees, 53%, expressed optimism about the potential for a pay raise over the next 12 months, with 26% reporting they are “Extremely Confident,” and 27% saying they are “Very Confident.”
The Gallup/UBS Employee Outlook Index was conducted through telephone interviews September 5 – 8, 2002 and September 23 – 26, 2002 with 576 adults who are employed with non-governmental for-profit companies having five or more employees and are 18 years and older.