Randstad: U.S. Worker Confidence Level Weakens Amid Government Shutdown
NEW YORK, Nov. 4, 2013 /PRNewswire/ -- American employees reported lower levels of confidence in the state of the economy and job market in October, with the Randstad U.S. Employee Confidence Index dipping 4.2 points to 51.5. The data, which was collected between October 8-10, reflects the attitudes and perceptions of employees during the government shutdown. The Randstad Employment Tracker was conducted online by Harris Interactive on behalf of Randstad and included 1,032 employed U.S. adults ages 18 and older.
"Given the government shutdown and the fight over the debt ceiling, it comes as no surprise that employee confidence is being affected," said Jim Link, Chief HR Officer, North America, at Randstad. "However, what we did find interesting was the increase in personal confidence, specifically in workers' outlook on the future of their employer and in their ability to find new jobs. This may be explained by the fact that, in spite of the furlough of 400,000 government employees, the vast majority of workers did not experience a direct impact from the shutdown. With the jobs report likely being distorted over the next few months, it may take some time to regain a sense of normalcy. Many economists have noted other indices such as confidence levels, retail hiring, data on the housing market and consumer spending, will likely carry even greater weight to gauge the full effect of recent governmental activity."
Randstad, the second largest staffing and HR services firm in the world, has been tracking workforce trends and publishing the U.S. Employee Confidence Index since 2004.
| Employee Confidence Index |
|||||
| Employee |
Macro |
Personal |
Transition |
Security |
|
| MONTH |
Confidence |
Confidence |
Confidence |
Index |
Index |
| Oct-13 |
51.5 |
34.8 |
68.3 |
37 |
71 |
| Sep-13 |
55.7 |
44.7 |
66.7 |
36 |
76 |
| Aug-13 |
58 |
47.3 |
68.7 |
32 |
74 |
| Jul-13 |
56.3 |
44.3 |
68.3 |
36 |
72 |
| Jun-13 |
56.8 |
46.5 |
67.1 |
36 |
72 |
| May-13 |
54.8 |
42.6 |
67.1 |
37 |
69 |
| Apr-13 |
57 |
46.8 |
67.2 |
35 |
69 |
| Mar-13 |
53.9 |
40.1 |
67.8 |
33 |
73 |
| Feb-13 |
53.5 |
42.9 |
64.1 |
37 |
72 |
| Jan-13 |
52.1 |
38.3 |
65.8 |
33 |
72 |
About Randstad US
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.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 2013 Randstad Employment Tracker was conducted online within the United States by Harris Interactive on behalf of Randstad between October 8-10, 2013 among a U.S. sample of 1,032 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®, 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 across a wide range of industries. Additionally, Harris has a portfolio of multi-client offerings that complement our custom solutions while maximizing a client's research investment. Serving clients worldwide through our North American and European offices, Harris specializes in delivering research solutions that help our clients stay ahead of what's next. For more information, please visit www.harrisinteractive.com.
SOURCE Randstad
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