PHILADELPHIA, PA--(Marketwired - Sep 19, 2016) - Led by a sizeable increase in the likelihood of a raise, American workers' confidence continued its rebound into the second quarter 2016, according to the national Worker Confidence Index™, a survey of U.S. workers from HRO Today Magazine and Yoh, the leading international talent and outsourcing company owned by Day & Zimmermann. The index gauges workers' perceptions of the four key drivers of worker confidence: perceived likelihood of job loss, perceived likelihood of a promotion, perceived likelihood of a raise, and overall trust in company leadership.
Confidence levels remained stable across three of four categories in Q2 2016. The overall index grew to 99.7 from 96.8 in the first quarter of 2016. The largest gains came from workers' "perceived likelihood of a raise," growing by an unprecedented 12.2 points during the quarter.
Other changes were less significant as workers' "perceived likelihood of job loss" remained the same, while workers' "perceived likelihood of a promotion" and "trust in company leadership" fell and grew by small margins, respectively.
"The spike in workers' 'perceived likelihood of a raise' follows what we typically see coming out of the first quarter as many Americans begin to expect raises as fiscal years come to a close," said Andy Roane, Vice President of Recruitment Process Outsourcing (RPO) for Yoh. "The smaller changes in expected promotion, job loss and trust in company leadership hint that while companies may be doing well financially in mid-2016, employees are still apprehensive about a full recovery, especially with the historic 2016 presidential election looming."
The likelihood of raise hit its highest point in the second quarter 2016 since the launch of the study -- at 28.0%. Over the past year, likelihood of job loss has consistently stayed between 8.4% and 8.6%. Women continue to report higher levels of confidence in their job security than men (6.8% for women and 10.5% for men). Minorities tend to anticipate job loss more than whites (12.2% for blacks and 14.2% for Hispanics versus 5.9% for whites).
View the study at http://www.hrotoday.com/market-intelligence/research/yohs-worker-confidence-index-second-quarter-2016/.
Each month, HRO Today magazine employs ORC International's CARAVAN® Omnibus Surveys. Approximately 333 interviews are conducted each month. Respondents are age 18+ working full-time in the U.S. Reports are issued based on 1,000 responses per quarter. The four questions asked are: Involuntary Job Loss Possibility, Likelihood of Promotion, Anticipation of a Raise of at least 3% and Trust in Company Leadership.
For over 70 years, Yoh has provided the talent needed for the jobs and projects critical to our clients' success by providing comprehensive workforce solutions that focus on Aerospace and Defense, Engineering, Federal Services, Health Care, Life Sciences, Information Technology and Telecommunications. Yoh fulfills immediate resource needs and delivers enterprise workforce solutions, including Managed Services, Recruitment Process Outsourcing, Vendor Management Systems, Independent Contractor Compliance, and Payroll Services. For more information, visit Yoh.com.