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Employee Confidence Index Virtually Unchanged in June
Thursday, July 02, 2009 11:56 AM


(Source: PRNewswire)trackingFORT LAUDERDALE, Fla., July 2 /PRNewswire-FirstCall/ -- The Spherion Employee Confidence Index was virtually unchanged in June, decreasing 0.3 points to 48.0. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, reveals that although slightly more workers believe the economy is getting weaker and fewer jobs are available, more workers are confident in the future of their current employer.

"Although our latest Index shows little change from last month, it still remains 1.9 points higher than its reading one year ago. With talks of the worst of the recession being behind us, more U.S. workers seem to be taking a middle-of-the-road stance in our latest confidence survey," said Roy Krause, president and CEO of Spherion Corporation. "While there may be signs of a light at the end of the tunnel, a turnaround will not be felt quickly. We are advising our clients that the time to prepare for a rebound is now. Companies that have cut deep into both their front and back office staff will find it incredibly challenging to source, select, and onboard talent quickly in order to grow their business in the recovery. Another factor to consider is the potential number of currently employed workers likely to look for new employment once the economic situation improves. In fact, according to our latest survey of U.S. workers, 47 percent of workers age 18-34 are likely to look for a new job in the next 12 months. This should serve as a message to employers that clear communication and retention efforts should not only be of high priority during good times."

A Look Inside the Report:

Confidence in Overall Situation:

The Spherion Employee Confidence Index was virtually unchanged in June, decreasing 0.3 points to 48.0. The Index, which measures workers' confidence in their personal employment situation and optimism in the economic environment, reveals that although slightly more worker believe the economy is getting weaker and fewer jobs are available, more workers are confident in the future of their current employer.

Confidence in Macroeconomic Environment:

-- Forty percent of workers believe the economy is getting weaker compared

to 38 percent in the previous month. Twenty percent of workers believe

the economy is getting stronger, showing no change from May.

-- Seventy-two percent of workers surveyed believe there are fewer jobs

available, increasing one percentage point from May. Conversely, only

seven percent of U.S. adult workers surveyed believe there are more jobs

available, down one percentage point from May.



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