HRO Today April 2018 - 52

HRO Today Research
FEELING
INSECURE?
Although worker confi dence
remains high, today's workforce
is concerned about one thing:
job security.
By Larry Basinait
The Worker Confi dence Index (WCI), which measures
employee attitudes about their perceived job security,
increased by 0.7 points since the third quarter of 2017 and
decreased by 1.3 points since the fourth quarter of 2016.
It now stands at 103.2 after increasing for the past two
consecutive quarters. Of the four components of the WCI,
trust in company leadership rose by 3.2 points in the last
quarter while confi dence related to job security declined
by 2.5 points. The decline in the WCI in the last year refl ects
employee concerns about the state of today's workplace;
in particular, trust in company leadership experienced a
signifi cant drop of 3.6 points since the fourth quarter of 2016.
Recent volatility in the stock market may contribute to lower
worker confi dence in 2018, but for now, confi dence remains
high overall.
The job security index now stands at 102.3, indicating that
workers feel generally secure in their employment. Although
this is a decline from both the third quarter of 2017 and the
fourth quarter of 2016, it remains above the baseline of 100.0.
Concern about job loss is the most important indicator in
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HRO TODAY MAGAZINE
|
APRIL 2018
estimating worker confi dence about current and near-term
fi nancial outlook.
More females reported concerns over lob loss in the fourth
quarter of 2017 than the prior quarter, with a moderate
increase of 2.0 percent. However, female concern about job
loss increased by only one-half of a percentage point from the
fourth quarter of 2016, to 7.9 percent in the fourth quarter of
2017. In contrast, the percentage of males who felt that they
would lose their job increased signifi cantly from 11.4 percent
in the prior quarter to 15.6 percent in the fourth quarter of
2017, which was 2.9 percentage points higher than the fourth
quarter of 2016.
The age segment with the greatest increase in concern about
job loss was those aged 55 to 64, with an increase of 5.4
percentage points for the year-double the level reported one
year ago. This is a high-income population and job confi dence
here bears close watching in the next quarter.
Respondents with annual household incomes of over $75,000
indicated that they felt more likely they'd lose their jobs in the

HRO Today April 2018

Table of Contents for the Digital Edition of HRO Today April 2018

HRO Today April 2018 - 1
HRO Today April 2018 - 2
HRO Today April 2018 - 3
HRO Today April 2018 - 4
HRO Today April 2018 - 5
HRO Today April 2018 - 6
HRO Today April 2018 - 7
HRO Today April 2018 - 8
HRO Today April 2018 - 9
HRO Today April 2018 - 10
HRO Today April 2018 - 11
HRO Today April 2018 - 12
HRO Today April 2018 - 13
HRO Today April 2018 - 14
HRO Today April 2018 - 15
HRO Today April 2018 - 16
HRO Today April 2018 - 17
HRO Today April 2018 - 18
HRO Today April 2018 - 19
HRO Today April 2018 - 20
HRO Today April 2018 - 21
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HRO Today April 2018 - 24
HRO Today April 2018 - 25
HRO Today April 2018 - 26
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