HRO Today December 2019 - 74

HRO Today Research
the job security index.
Worker perceptions about the likelihood of a raise
increased by 14.3 points from the second quarter
of 2019 to 121.8 in the third quarter-only the third
time the index has risen over 10 points from the prior
quarter. Both males and females felt more confi dent
about getting a raise, with 37.3 percent of males and
29.2 percent of females anticipating a raise of at least
3 percent at their next review. In terms of age, study
fi ndings show that as employees get older, they are
more likely to believe that their wages have stagnated.
Just over one-third (35.1 percent) of individuals
between the ages of 45 and 54 believe they will receive
a raise of 3 percent or more after their next review,
marking the fi rst time that over 35 percent of this age
segment has felt that way.
The belief in the likelihood of a promotion rose in the
third quarter to 133.9. The likelihood of promotion
[74]
HRO TODAY MAGAZINE
| DECEMBER 2019
index rose 23.9 points from last quarter, the largest
increase since the inception of the study. This was
driven by more females feeling that a promotion
was likely, up 6.2 percentage points from the second
quarter to 22.1 percent. Respondents with annual
incomes over $100K felt the most optimistic about the
likelihood of promotion, with 36.1 percent believing a
promotion was likely. This income group has the most
disposable income, and consumer spending directly
impacts the GDP.
The Worker Confi dence Index has correctly predicted
the direction of consumer confi dence for the next
quarter's end in 14 of the last 18 quarters. The third
quarter of 2019 WCI suggests that the average
quarterly Consumer Confi dence Index will increase at
the conclusion of the fourth quarter.
To view the entire report, visit www.hrotoday.com.
http://www.hrotoday.com

HRO Today December 2019

Table of Contents for the Digital Edition of HRO Today December 2019

HRO Today December 2019 - 1
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