HRO Today April 2017 - 47

HRO Today Research
number of male workers increased 1.6 percent in 2016,
more than the 1 percent increase in the number of
female workers. So while proportionately more males
than females were concerned about job loss, more males
were hired in 2016.
In the fourth quarter, the likelihood of a promotion index
climbed 10.2 points, to 103.8 from 93.6 in the the fourth
quarter of 2015, which reversed declines during much
of the year. Study results show that men are consistently
more optimistic about receiving promotions than women.
There remains a strong negative correlation between
age and promotion, whereas the older one gets, the less
optimistic they are about the likelihood of promotion.
Those with the lowest income, as well as respondents
in $50,000 to $100,000 range, were the most optimistic
about their chance of a promotion. In addition, whites
were less likely than both minority groups to anticipate a
promotion, and those with a college degree had highest
levels of optimism about receiving a promotion.
The likelihood of a raise increased in the fourth quarter
of 2016. Males were more likely than females to
anticipate getting a raise-34.2 percent to 22.8 percent,
respectively-the gap is now almost twice the size of the
findings from the last quarter of 2015 (11.4 percent versus
6.6 percent). As income increases, so does the belief in
the likelihood of a raise. Those with at least $75,000
annual household income are the most inclined to think
they'll get a raise, while those making under $50,000 are
the least optimistic.
Millennials are most inclined to believe that they will
receive a raise after their next review, while older
generations are less optimistic. In addition, minorities
were more likely than whites and workers with at least
some college education more likely than those with less
education to report positive expectations of a raise.
Trust in company leadership is at its highest since the
inception of the study, with 45.6 percent indicating
they trust their company's leadership. Overall, men are
more likely than women to trust company leadership.
Each age segment expressed more confidence in the
company leadership in the fourth quarter of 2016 than in
the fourth quarter of 2015, though the largest increase
was among the youngest group, ages 18 to 25. There
is a direct relationship between trust and income; as
income increases, so does trust. Company leaders are
normally the most highly compensated employees in
an organization, so in effect, respondents in the higher
Trust in leadership is
at its highest since the
inception of the WCI,
with 45.6 percent
indicating they trust
their organization's
executives.
income segment are more likely than those in other
income segments to be rating themselves. It also follows
that people with a college education are also more
likely to trust their leadership. Interestingly, minority
respondents were more likely to trust leadership than
white respondents.
In many ways, 2016 was tumultuous. The Dow closed
out its best year since 2013, up 13.4 percent for the year
to end at 19,762.60. But the result of the presidential
election was both surprising and polarizing, and
traditionally the market doesn't like surprises. How the
election results will impact 2017 remains uncertain,
though as of mid-February, The Dow Jones Industrial
Average is up over 20,400.
Despite low unemployment, high job security, and
good corporate earnings reports, the economy remains
sluggish, with consumers and businesses hesitant to
spend. Consumer spending is up 3.8 percent over the
last year, but that's partially offset by capital spending
declines and tight inventories by businesses.
For more information from this quarters' WCI, visit www.hrotoday.com.
APRIL 2017 | www.hrotoday.com
[47]
http://www.hrotoday.com http://www.hrotoday.com

HRO Today April 2017

Table of Contents for the Digital Edition of HRO Today April 2017

HRO Today April 2017 - 1
HRO Today April 2017 - 2
HRO Today April 2017 - 3
HRO Today April 2017 - 4
HRO Today April 2017 - 5
HRO Today April 2017 - 6
HRO Today April 2017 - 7
HRO Today April 2017 - 8
HRO Today April 2017 - 9
HRO Today April 2017 - 10
HRO Today April 2017 - 11
HRO Today April 2017 - 12
HRO Today April 2017 - 13
HRO Today April 2017 - 14
HRO Today April 2017 - 15
HRO Today April 2017 - 16
HRO Today April 2017 - 17
HRO Today April 2017 - 18
HRO Today April 2017 - 19
HRO Today April 2017 - 20
HRO Today April 2017 - 21
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HRO Today April 2017 - 24
HRO Today April 2017 - 25
HRO Today April 2017 - 26
HRO Today April 2017 - 27
HRO Today April 2017 - 28
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HRO Today April 2017 - 33
HRO Today April 2017 - 34
HRO Today April 2017 - 35
HRO Today April 2017 - 36
HRO Today April 2017 - 37
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