Randstad: US Employee Confidence Index Starts Fourth Quarter on High Note

  Randstad: US Employee Confidence Index Starts Fourth Quarter on High Note

PR Newswire

NEW YORK, Oct. 31, 2012

NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Randstad announced today its monthly
Employee Confidence Index has increased for the second consecutive month to
54.3 in October, up 1.9 points from September's reading. The Index has
steadily increased with more than 1,500 U.S. employees surveyed in October
--indicating workers are feeling more positive about the economy, jobs and
their future employability. 

"We're seeing a positive increase in employee attitudes about the economy and
their upcoming prospects for new jobs," said Jim Link, managing director of
human resources for Randstad US. "Our October report clearly shows workers
believe more jobs are available, but more importantly, over forty percent are
optimistic in their personal ability to secure them. Interestingly enough,
this sentiment continues to improve even with negative news coverage on
economic conditions abroad, especially in Europe. However, September's
improvement in the nation's unemployment rate, declining below 8 percent to
7.8 percent for the first time since 2009, is largely attributed to more
previously unemployed people taking on part-time employment. This indicates to
us companies may still be taking a wait-and-see approach to hiring, but they
appear to be loosening their reigns a bit to keep up with demand and
productivity. One thing is certain -- everyone will be eyeing the final
monthly jobs report this Friday leading up to the election."

Look Inside the Report:

Employee Confidence Increases For Second Month

  oThe Employee Confidence Index has increased 1.9 points from last month's
    reading (8.7 point increase from October 2011; 4.2 point increase from
    October 2010)

Confidence Rises around Jobs & the Economy

  oSixty-six percent of employees believe the economy is getting better or
    staying the same versus 59 percent in September
  oThere was a seven percentage point drop (46 percent in October vs. 53
    percent in September) in employees who believe there are fewer jobs
    available

U.S. Employees Remain Confident in their Employability; More Likely to
Transition to A New Job

  oMore than one-out-of-four workers (43 percent) are confident in their
    ability to find a new job; a number that has remained strong throughout
    2012
  oIn October, 37 percent of employees indicated they plan to transition to a
    new job, up five percentage points from last month

Workers Optimistic in Employers & Job Security

  oEmployee confidence in the future of their current employers remains
    strong, but dipped slightly in October to 59 percent (from 63 percent in
    September)
  oA majority of employees, 70 percent, continue to indicate a sense of
    strong security in their current jobs and are not concerned about being
    laid off (compared to 74 percent indicating so in the previous month)

The Randstad U.S. Employee Confidence Index measures workforce trends across
the country since 2004.

About Harris Interactive

Methodology
This October 2012 Randstad Employment Tracker was conducted online within the
United States by Harris Interactive on behalf of Randstad between October
8-10, 2012 among a U.S. sample of 1,555 employed adults, aged 18 years and
older. Results were weighted as needed for age, sex, race/ethnicity, income,
education, and region. Propensity score weighting was also used to adjust for
respondents' propensity to be online.

All sample surveys and polls, whether or not they use probability sampling,
are subject to multiple sources of error which are most often not possible to
quantify or estimate, including sampling error, coverage error, error
associated with nonresponse, error associated with question wording and
response options, and post-survey weighting and adjustments. Therefore, Harris
Interactive avoids the words "margin of error" as they are misleading. All
that can be calculated are different possible sampling errors with different
probabilities for pure, unweighted, random samples with 100% response rates.
These are only theoretical because no published polls come close to this
ideal.

Respondents for this survey were selected from among those who have agreed to
participate in Harris Interactive surveys. The data have been weighted to
reflect the composition of the U.S. adult population. Because the sample is
based on those who agreed to be invited to participate in the Harris
Interactive online research panel, no estimates of theoretical sampling error
can be calculated.

About Randstad
Randstad is a $22.5 billion global provider of HR services and the second
largest staffing organization in the world. From temporary staffing to
permanent placement to inhouse, professionals, search & selection, and HR
Solutions, Randstad holds top positions around the world and has approximately
28,700 corporate employees working from its nearly 4,700 branches and inhouse
locations in 40 countries. Founded in 1960 and headquartered in Diemen, the
Netherlands, Randstad Holding nv is listed on the NYSE Euronext Amsterdam.

Learn more at http://www.randstad.com. 

SOURCE Randstad

Website: http://www.randstadusa.com
Contact: Lesly Cardec, Senior PR Director, Randstad, 800-422-3819,
lesly.cardec@randstadusa.com
 
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