HRO Today June 2018 - 63

HRO Today Research
may feel secure when the company is doing well,
but trust is most likely to be established
if those positive business results
result in increased compensation
for all. While more than
half (55.8 percent) of the
youngest respondents
expressed confidence
in their company's
leadership in the first
quarter of 2018, trust
in leadership declined
steadily as the age of
respondents increased.
Furthermore, study
results reveal that as
age increases beyond 35,
the belief that there will
be a raise of at least 3.0
percent after the next review
declines steadily. As employees
get older, more and more feel that
what they make today is what they
will make tomorrow. Older workers tend
to make more, and thus drive more consumer spending.
The oldest groups of workers feel their wages have
stagnated.
The WCI has correctly predicted the direction of
[62]
HRO TODAY MAGAZINE
|
JUNE 2018
Workers trust management
when positive company
earnings are translated to
greater compensation for them.
Employees may feel secure when
the company is doing well, but
trust is more likely established
when positive business results
result in increased
compensation for all.
consumer confidence for the next quarter's end in
10 of 12 of the last quarters. The WCI and
Consumer Confidence Index have both
trended in the same direction for
the last three quarters. The
increase in the WCI in first
quarter 2018 suggests that
there will be a modest
increase in the CCI through
the following quarter.
Worker confidence
remains high, driven
by optimism toward
promotion and the
likelihood of a raise by
younger workers. Employees'
confidence in job stability
strengthened in the first quarter
of 2018 as the U.S. unemployment
rate remained a low 4.1 percent. Overall,
workers feel somewhat more confident about
their work situation than they did at the end of 2018,
and on par with how they felt one year ago.
For more information from this quarters' WCI, visit www.hrotoday.com.
http://www.hrotoday.com

HRO Today June 2018

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

HRO Today June 2018 - 1
HRO Today June 2018 - 2
HRO Today June 2018 - 3
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HRO Today June 2018 - 5
HRO Today June 2018 - 6
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