PHILADELPHIA, Sept. 05, 2019 -- American worker confidence is at its lowest level since Q2 of 2018. Following its all-time-high at the start of the year, the national Worker Confidence Index™ (WCI) has fallen 5.8 points from 110.7 in Q1 2019. The Worker Confidence Index™ is a survey of U.S. workers from HRO Today Magazine and Yoh, the leading international talent and outsourcing company owned by Day & Zimmermann, which gauges workers’ perceptions of the four key aspects of worker confidence: perceived likelihood of job loss, perceived likelihood of a promotion, perceived likelihood of a raise, and overall trust in company leadership.
During Q2 2019, three of the WCI’s four key indexes – likelihood of promotion, likelihood of a raise and trust in company leadership – saw substantial decreases. Only the job security index reported a quarterly increase and recovery from its drop in Q1 2019. Of the remaining three, perceived likelihood of a promotion took the largest hit in Q2, falling 11.1 points for the quarter. American trust in company leadership is lower than it’s been in more than a year at 100.6 points – 1.7 points lower than Q2 2018.
“Although the U.S. economy is currently in its longest expansion since 1854, we have found that the market does not directly impact employee confidence. Rather, the WCI shows that employers must look beyond a company’s economic status to ensure employee satisfaction in the long term,” said Kathleen King, Senior Vice President, Enterprise Solutions, Yoh. “In fact, retention rates can be directly linked to employee confidence and trust in company leadership. Retaining a company’s high-performing talent is a key indicator of the future success of a company. Those who make talent a priority with strategies designed to meet employee expectations and needs will be best positioned for growth.”
To view the entire study, please visit, http://www.yoh.com/hro-today-employee-well-being-study.