The index gauges workers’ perceptions of the four key drivers of worker confidence: the perceived likelihood of job loss, the perceived likelihood of a promotion, the perceived likelihood of a raise, and the perceived overall trust in company leadership.
Overall, the index increased from 99.7 in the second quarter of 2017 to 102.5 in the second quarter of 2017. The rebound was led by a jump of more than 12 points in perceived likelihood of a promotion, which rose from 93.7 to 106.3. Trust in company leadership, however, fell for the third consecutive quarter, spurring concerns about workers’ confidence in the C-suite to make sound strategic decisions. Continuing a trend since the inaugural Index, women are less confident in company leadership than men, as just 38.9% of women trust leaders compared to 46.6% of men.
“The results of this study are particularly interesting as the rise in perceived likelihood of a promotion shows individual optimism among workers, while the continuing mistrust of company leadership indicates that workers may not be confident in the overall direction of their organizations,” said Jonathan Grosso, Senior Vice President Enterprise Solutions for Yoh. “Though a rebounding Index is encouraging for employers and talent managers, it’s clear leadership needs to be more forthcoming with employees about organizational direction and take a more active role in supporting their careers.”
To view the entire study, please visit, http://www.yoh.com/hro-today-employee-well-being-study.