HRO Today June 2018 - 62

On theUp Upand
HRO Today Research
2018 kicks off with higher worker confidence, driven by worker
optimism about the likelihood of promotion.
By Larry Basinait
In the first quarter of 2018, the Worker Confidence
Index (WCI) increased by 2.6 points for the third
consecutive quarter. The WCI now stands at 107.1. Of
the four elements that determine the WCI, likelihood of
promotion increased the most, improving by 9.7 points.
Another component, likelihood of a raise, also improved
by 4.6 points. The job security and trust in company
leadership indices had modest declines, but remain
similar to the first quarter of 2017.
Despite low levels of unemployment in the first quarter
of 2018, the job security index declined modesty for the
second consecutive quarter, falling to 100.0. Concern
about job loss is the most important indicator in
estimating worker confidence about their current and
near-term financial outlook.
Once again, females reported higher levels of
confidence in their job security than males in the first
quarter of 2018. Women continue to report the highest
level of job security since the inception of the study.
The percentage of males who felt that they would lose
their job decreased slightly in the first quarter of 2018,
from 15.6 percent in the prior quarter to 14.3 percent.
Females' concern over job security increased slightly, up
0.3 percentage points from last quarter to 7.7 percent.
Once again, higher-income employees reported having
the most job security.
Trust in company leadership declined slightly in the
first quarter of 2018, though it's been over the base
index of 100 in four of the last five quarters. Workers
trust management when positive company earnings are
translated to greater compensation for them. Employees
JUNE 2018 | www.hrotoday.com
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HRO Today June 2018

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