HRO Today January/February 2018 - 46

SPECIAL SECTION
strengthening domestic demand and exports led to
improved 2017 growth forecasts. Growth in emerging
markets and developing economies was projected to
reach 4.1 percent in 2017 and 4.5 percent in 2018.
According to the Bureau of Economic Analysis, third
quarter 2017 GDP grew at 3 percent in the United
States, similar to the second quarter. The increase
in real GDP results from increases in consumer
spending, inventory investment, business investment,
and exports on both goods and services. A notable
offset to these increases was a decrease in housing
investment. Imports, which are a subtraction from
GDP, decreased reports the Bureau of Economic
Analysis.
In September, the U.S. unemployment rate declined
slightly to 4.2 percent from 4.4 percent in June.
The unemployment rate has remained below 5.0
percent since January 2016, suggesting stability in the
American job market and conditions considered by
many economists to be " fully employed. "
Unemployment in the EMEA region fell for nine of the
10 largest economies, with only Saudi Arabia reporting
an uptick. The German economy is the largest in
the EMEA region with a GDP of Intl $3,980 billion.
Unemployment in Germany declined 0.3 percent to 3.6
percent in the third quarter of 2017.
See more: http://www.hrotoday.com/marketintelligence/research/global-unemploymentreport-q3-2017/
SHARING
THE WEALTH?
The Worker
Confi dence
Index (WCI)
for the third
quarter of
2017
increased by
2.8 points
after
signifi cant
drop of 7.9 points in the second quarter. WCI now
stands at 102.5. Of the four components of the WCI,
only likelihood of promotion rose by 3.2 points in the
third quarter of 2017, while other components
remained virtually the same. Other indicies-job
stability, likelihood of raise, and trust in company
leadership-measure similarly to the third quarter of
2016.
[46]
After a sharp decline in the
fi rst quarter of 2017, job
security quickly rebounded,
and now stands at 104.8.
Workers remain secure about job stability. After a
sharp decline in the fi rst quarter of 2017, job security
quickly rebounded, and now stands at 104.8, about
where it was fi ve quarters ago. Lack of concern about
job loss is the most important indicator in estimating
worker confi dence about current and near-term
fi nancial outlook.
Females once again reported higher levels of
confi dence in job security than males in the third
quarter of 2017. In fact, women reported the highest
level of job security since the inception of the study.
The percentage of males who felt that they would lose
their job increased slightly to 11.4 percent from 10.5
percent in the prior quarter. Female concern over job
security declined, down 2.1 percentage points from
last quarter to 5.9 percent. Respondents over the age
of 45 also reported feeling more secure about their job
stability. Higher income employees (the $100,000- plus
segment) reported having the most job security.
In 2017, trust in company leadership continued to
decline steadily for the third consecutive quarter.
Corresponding with that decline is a decrease in the
belief in the likelihood of a raise of at least 3 percent.
Workers tend to not trust management when they
learn of positive earnings and then that success
doesn't translate to greater compensation for them.
They may feel secure because the company is doing
well, but trust isn't necessarily established if the
company's positive result doesn't result in increased
compensation for employees. While two-thirds (63.8
percent) of the youngest respondents expressed
confi dence in their company's leadership in the third
http://www.hrotoday.com/market

HRO Today January/February 2018

Table of Contents for the Digital Edition of HRO Today January/February 2018

HRO Today January/February 2018 - 1
HRO Today January/February 2018 - 2
HRO Today January/February 2018 - 3
HRO Today January/February 2018 - 4
HRO Today January/February 2018 - 5
HRO Today January/February 2018 - 6
HRO Today January/February 2018 - 7
HRO Today January/February 2018 - 8
HRO Today January/February 2018 - 9
HRO Today January/February 2018 - 10
HRO Today January/February 2018 - 11
HRO Today January/February 2018 - 12
HRO Today January/February 2018 - 13
HRO Today January/February 2018 - 14
HRO Today January/February 2018 - 15
HRO Today January/February 2018 - 16
HRO Today January/February 2018 - 17
HRO Today January/February 2018 - 18
HRO Today January/February 2018 - 19
HRO Today January/February 2018 - 20
HRO Today January/February 2018 - 21
HRO Today January/February 2018 - 22
HRO Today January/February 2018 - 23
HRO Today January/February 2018 - 24
HRO Today January/February 2018 - 25
HRO Today January/February 2018 - 26
HRO Today January/February 2018 - 27
HRO Today January/February 2018 - 28
HRO Today January/February 2018 - 29
HRO Today January/February 2018 - 30
HRO Today January/February 2018 - 31
HRO Today January/February 2018 - 32
HRO Today January/February 2018 - 33
HRO Today January/February 2018 - 34
HRO Today January/February 2018 - 35
HRO Today January/February 2018 - 36
HRO Today January/February 2018 - 37
HRO Today January/February 2018 - 38
HRO Today January/February 2018 - 39
HRO Today January/February 2018 - 40
HRO Today January/February 2018 - 41
HRO Today January/February 2018 - 42
HRO Today January/February 2018 - 43
HRO Today January/February 2018 - 44
HRO Today January/February 2018 - 45
HRO Today January/February 2018 - 46
HRO Today January/February 2018 - 47
HRO Today January/February 2018 - 48
HRO Today January/February 2018 - 49
HRO Today January/February 2018 - 50
HRO Today January/February 2018 - 51
HRO Today January/February 2018 - 52
HRO Today January/February 2018 - 53
HRO Today January/February 2018 - 54
HRO Today January/February 2018 - 55
HRO Today January/February 2018 - 56
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-chro-today-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2019
https://www.nxtbook.com/sharedxpertise/sharedxpertise/chro-today-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2018
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2017
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-march-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2016
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-september-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-july-august-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-november-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-october-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-december-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-january-february-2015
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-june-1014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-may-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hro-today-april-2014
https://www.nxtbook.com/sharedxpertise/sharedxpertise/hrot-january-february-2014
https://www.nxtbookmedia.com