HRO Today Global Winter 2016 - 34

Employee Well-Being
of involuntary job loss, the likelihood of promotion,
anticipation of a raise of at least 3 percent, and trust in
company leadership.
The third quarter survey indicated the following trends:
Frustration and Wavering Faith
The Employee Well Being Index decreased from 102.3 in
the second quarter to 97.8 in the third-the lowest level
since the study's inception. Despite a recent drop in the
unemployment rate to 5.1 percent, a downward trend
in the index suggests that employees are frustrated and
losing faith in the potential and proÿ tability of their jobs.
There was less optimism in three of four areas examined:
job promotion potential, raise potential, and trust; job
security was the only metric to increase between the
second and third quarters.
Women in particular feel conÿ dent about job security
while minorities, and the young trail in perceptions of
employment well-being. Further, workers age 55 or older,
felt less secure about their jobs this quarter.
Female and Minority Job Growth on the Rise
A reversal of prior trends, men outgained women in job
growth percentage in the third quarter (1.12 percent
compared to 0.36 percent, respectively.) Likewise,
minorities experienced more job growth than whites:
Both African Americans and Hispanics had 2 percent job
growth compared with .05 percent for whites.
Advancement Doubts
The survey showed declines in job promotion. That is to
say that employees are less likely to expect a promotion
from their employer in the next year-a decrease to 18.3
percent from 20.3 percent in the second quarter.
Males continue to be more optimistic than females,
and minorities were more optimistic than whites about
getting a promotion, by a ratio of more than 2:1. Black
optimism, however, fell 6 percent in the third quarter.
Hope for a Raise Declines
Just over one-quarter (25.7 percent) of respondents feel
[34]
HRO TODAY GLOBAL
| WINTER 2016
Likewise, the gap between rich and poor continues to
expand, and as income increases, so does the belief in
the likelihood of a raise. We also see from the age of 25
on, the belief there will be a raise after the next review
declines.
Trust Remains Elusive
Overall, less than one-half (42 percent) trusted company
leadership to make sound decisions in Q3 2015, a slight
decline from the previous quarter. Study trends show that
that trust in company leadership erodes with age. The
least trustful groups are females, older employees, the
uneducated, low-income employees and whites.
This index provides insight
into macro-metrics previously
untapped by existing indices
such as the Consumer
onfience ne aps
conomic onfience ne the
rea o aor tatistics o
Openings and Labor Turnover
rvey  or nite tates
Consumer Sentiment.
they'll get a raise of at least 3 percent after their next
review. This is a 2-percent decrease from the second
quarter and the lowest level in all ÿ ve quarters examined.

HRO Today Global Winter 2016

Table of Contents for the Digital Edition of HRO Today Global Winter 2016

HRO Today Global Winter 2016 - 1
HRO Today Global Winter 2016 - 2
HRO Today Global Winter 2016 - 3
HRO Today Global Winter 2016 - 4
HRO Today Global Winter 2016 - 5
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