Manufacturing and Logistics Workers Less Confident in Fourth Quarter of 2013
ATLANTA, March 10, 2014
ATLANTA, March 10, 2014 /PRNewswire/ --The Randstad Manufacturing Employee
Confidence Index, a measure of overall confidence amongst U.S. manufacturing
and logistics workers, fell 4.2 points to 48.0 in Q4 2013. The quarterly
survey, conducted by Harris Poll among 167 manufacturing and logistics workers
on behalf of Randstad, also found workers projected less optimism in the
strength of the economy, with a 15 percentage point increase in respondents
believing the economy is getting weaker. At the same time, nearly four-in-10
(38%) of workers reported they are likely to conduct a job search.
"Within the manufacturing and logistics industry, activity is constantly
oscillating, and the drop we've seen in the Employee Confidence Index is a
reflection of that trend," said Phyllis Finley, Executive Vice President at
Randstad US. "However, by the accounts of many economists, 2014 is expected to
be a year driven by growth in the manufacturing sector, and I expect the
outlook of workers in this sector will lift as more jobs are added in the U.S.
"As far as job expansion in the sector, 10,000 manufacturing jobs are expected
to be the added in the Detroit, Michigan region in the next five years as part
of a high-tech manufacturing hub that is set to open this spring," Finley
added. "However, a recent Institute for Supply Management survey notes that
while hiring managers expect to increase staffing by an average of 2.4 percent
this year, an ongoing concern within the industry is finding skilled workers
who have specific expertise, such as capital-intensive, robotics-intensive
production and additive manufacturing."
Q4 Survey Highlights:
Manufacturing Workers' Confidence in the Economy Falls in the Fourth Quarter
oMore than half (51%) of manufacturing professionals believe the economy is
getting weaker, increasing 15 percentage points from the third quarter of
Job Outlook Among Workers Dims
oManufacturers who feel there are fewer jobs available increased six
percentage points to 55 percent in Q4 2013.
Confidence in Job Security Declines
oTwenty-six percent of manufacturing and logistics workers feel it is
likely they will lose their current job, a nine percentage point increase
from the previous quarter's readings.
More Workers Likely to Search for New Employment
oThirty-eight percent of manufacturers say they are likely to look for a
new job within the next 12 months, an increase of eight percentage points
from the third quarter of 2013.
This survey was conducted online within the United States by Harris Poll on
behalf of Randstad from October 8-10, November 6-8 and December 3-5, 2013,
among 3,113 adults ages 18 and older, of which 167 are employed in
manufacturing and logistics. This online survey is not based on a probability
sample and therefore no estimate of theoretical sampling error can be
calculated. For complete survey methodology, including weighting variables,
please contact email@example.com
About Randstad Manufacturing & Logistics
With more than 50 years of experience in the Manufacturing & Logistics
industry, we can access the right talent at the right time. We designed our
products, services and solutions with the specifications required to best
ensure that our clients receive qualified, dependable talent who they can
trust to perform the job responsibly.
With our deep industry understanding, experience and commitment to ongoing
education, we have designed an unparalleled service model to deliver
reliability, responsibility and results. Our service and expertise in
attracting and assessing the right talent for the right job combine to create
partnerships that result in ongoing success.
Randstad US is a wholly owned subsidiary of Randstad Holding nv, a $22.0
billion global provider of HR services. As the third largest staffing
organization in the U.S., Randstad holds top positions in permanent placement,
office and administrative, IT and accounting and finance. From professional
services, commercial staffing, recruitment process outsourcing, to managed
services and more, Randstad delivers a comprehensive range of temporary,
temporary-to-hire, permanent placement and outsourced placement services. With
its 5,660 employment experts, Randstad puts an average of nearly 100,000
people to work in the U.S. each week through its network of more than 900
branches and client-dedicated locations.
Learn more at www.randstadstaffing.com and access Randstad's panoramic U.S.
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.
SOURCE Randstad US
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