Randstad: Worker Confidence Virtually Unchanged in March; Personal Confidence Heightens

Randstad: Worker Confidence Virtually Unchanged in March; Personal Confidence
                                  Heightens

PR Newswire

NEW YORK, April 2, 2013

NEW YORK, April 2, 2013 /PRNewswire/ --The Randstad Employee Confidence Index
edged up for the second consecutive time, reaching 53.9 in March, despite
confidence in the job market declining slightly. Although workers are feeling
more apprehensive in the availability of jobs, confidence in their personal
ability to find a new job and in the future of their current employers remains
intact—these combined personal confidence factors reached the largest gain
since April 2010. The survey, which monitors U.S. workers' personal confidence
and tracks perspectives around jobs and the economy each month, was conducted
online by Harris Interactive among 1,185 employed U.S. adults in March, 2013.

"This month we saw an interesting, though not too surprising, contrast in
workers' feelings around the broader economy and their own individual
confidence levels," said Jim Link, managing director of human resources for
Randstad US. "Workers seem to be increasingly cautious about what's happening
in the economy as they wait to see the potential impacts from the
sequestration and the $85 billion government spending cuts that took effect on
March 1. In addition to the seemingly never-ending budget debates on Capitol
Hill, Americans are likely feeling wary due to continued gas price and payroll
tax concerns. 

"Even so, it is important to note the heightened personal confidence reported.
Our Personal Confidence Index, which measures optimism in workers' ability to
find employment and in the health of their employers, rose by nearly four
points—making it the largest gain in two years—which is very encouraging. In
the midst of economic unease, US workers are clearly feeling good about job
security, the health of their employers, as well as their ability to find
alternative employment if necessary—which could have very costly implications
for organizations if this percentage of the workforce took action. With more
sustained stock market and housing price gains, as well as continued job
creation, we expect personal confidence to continue to strengthen over the
next several months."

Look Inside the Report:

Overall Confidence Rises Slightly in March

  oOverall confidence was maintained as the Randstad Employee Confidence
    Index increased slightly from 53.5 in February to 53.9 in March
  oConfidence in macro conditions dropped by 2.8 points, though personal
    confidence levels soared with the largest gain recorded in more than two
    years (up 3.7 points from February)

U.S. Workers Uncertain About Job Availability

  oJust over half of US workers surveyed, 52 percent, believe there are fewer
    jobs available (an increase from 47 percent in February)
  oEven so, over four-in-ten workers (42 percent) feel confident in their
    ability to get a new job if they searched

Workers Confident in the Future of their Companies

  oWorkers' confidence in the future of their employers spiked from 56
    percent in February to 63 percent this month
  oA majority of US workers, 55 percent, do not plan on looking for a job in
    the next 12 months

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

About Randstad
Randstad is a $22.0 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
29,300 corporate employees and around 4,500 branches and inhouse locations in
39 countries around the world. Founded in 1960 and headquartered in Diemen,
the Netherlands, Randstad Holding nv is listed on the NYSE Euronext Amsterdam.

Learn more at www.randstad.com and access Randstad's panoramic US thought
leadership knowledge center through its Workforce360 site that offers valuable
insight into the latest economic indicators and HR trends shaping the world of
work.

Methodology
This March 2013 Randstad Employment Tracker was conducted online within the
United States by Harris Interactive on behalf of Randstad between March 4-6,
2013 among a U.S. sample of 1,185 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 Harris Interactive
Harris Interactive is one of the world's leading market research firms,
leveraging research, technology, and business acumen to transform relevant
insight into actionable foresight. Known widely for the Harris Poll® and for
pioneering innovative research methodologies, Harris offers proprietary
solutions in the areas of market and customer insight, corporate brand and
reputation strategy, and marketing, advertising, public relations and
communications research. Harris possesses expertise in a wide range of
industries including health care, technology, public affairs, energy,
telecommunications, financial services, insurance, media, retail, restaurant,
and consumer package goods. Additionally, Harris has a portfolio of
multi-client offerings that complement our custom solutions while maximizing
our client's research investment. Serving clients in more than 196 countries
and territories through our North American and European offices, Harris
specializes in delivering research solutions that help us - and our
clients—stay ahead of what's next. For more information, please visit
www.harrisinteractive.com.

SOURCE Randstad

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