Worker Confidence Dips As New Year Begins
Randstad Survey Findings Indicate US Workers More Concerned About Jobs,
NEW YORK, Feb. 1, 2013
NEW YORK, Feb. 1, 2013 /PRNewswire/ --The Randstad Employee Confidence Index
decreased 3.3 points in January to 52.1, indicating U.S. workers may be
feeling uncertain about the job market and economy amid ongoing budget
negotiations, which have led to higher payroll taxes for many Americans. The
Index, which tracks U.S. workers' perspectives around jobs and the economy
each month, reveals only 26 percent of employees surveyed believe the economy
is getting stronger, down five percentage points from the previous month's
"Our recent findings show U.S. workers are somewhat more concerned as we head
into the New Year," said Randstad US managing director Jim Link. "Many
economists and other widely cited confidence indices, such as the Conference
Board's Consumer Confidence Index, point to the increase in payroll taxes
having an effect on workers' sentiment. It is possible this tax hike could
dampen consumer confidence for the near future and our findings are clearly
showing an impact on January's numbers already.
However, it is important to note that our Index, while showing a decrease this
month, has remained above the confidence threshold of 50.0 over the last year.
Workers should also note other positive signs of improvement in industries
such as retail, manufacturing and healthcare, as well as increased activity in
the housing market. Many of these industries are anticipating steady growth,
even in the midst of changes to taxes and spending cuts. As workers and
employers alike keep watchful eyes on the debt ceiling debate and other fiscal
uncertainties, we believe variable or temporary labor will be a valuable,
turnkey solution to any anticipated market volatility."
Look Inside the Report:
Employee Confidence Dips in January; Remains Above Positive Threshold
oThe Randstad Employee Confidence Index decreased 3.3 points to 52.1 in
January — a steeper fall than in any month to month comparison in 2012;
however, the Index has remained at or above 50 (the positive confidence
threshold number) for the last year
U.S. Workers More Cautious Around Economic Future, Career Prospects
oAt the start of 2013, only 26 percent of employees indicated the economy
is getting stronger, down five percentage points from December
oMore than half of employees, 53 percent, believe there are fewer jobs
available (compared to only 46 percent sharing this sentiment last month)
oWhile workers are less assured than in December, still more than 43
percent indicate confidence around their ability to find a new job
Employees Remain Secure in their Jobs, Confident in the Future of their
oEven with decreased confidence in the job market and economy, most
employees (72 percent) feel secure in their current jobs
oA majority of workers (61 percent) expressed confidence in the future of
their current employers — even more so than last month (59 percent)
A Third of Workers Plan to Transition to a New Job in the New Year
oSimilar to December 2012, 33 percent of employees indicated they are
likely to transition to a new job
oMore than half (54 percent) reported they are likely to stay at their
current job — up two percentage points over December 2012
The Randstad U.S. Employee Confidence Index has measured workforce trends
across the country since 2004.
About Harris Interactive
This January 2013 Randstad Employment Tracker was conducted online within the
United States by Harris Interactive on behalf of Randstad between January
14-16, 2013 among a U.S. sample of 1,375 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
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.
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.
Contact: Lesly Cardec, Senior PR Director, Randstad, +1-800-422-3819,
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