Hudson Employment Index(SM) Data Suggests U.S. Workers Will Jump Ship For Better Jobs as Economy Strengthens
January 07 2004 - 6:00AM
PR Newswire (US)
Hudson Employment Index(SM) Data Suggests U.S. Workers Will Jump
Ship For Better Jobs as Economy Strengthens Staffing and solutions
provider launches monthly measure of employee opinions on key
workplace issues NEW YORK, Jan. 7 /PRNewswire/ -- Despite general
satisfaction with their jobs, 60 percent of U.S. workers would
seriously consider changing positions given the opportunity,
according to survey data used to compile the premiere release of
the Hudson Employment Index(SM). Even among those individuals who
are happy with their current job, a majority (52 percent) would
consider moving on if offered a new position. Launched today, the
Hudson Employment Index is the first monthly measure of employee
attitudes on critical work issues, including career opportunities,
job satisfaction and workplace performance. Hudson, one of the
world's leading professional staffing, outsourcing and human
capital solution providers, publishes the Index. Each month,
telephone interviews are conducted with approximately 9,000 U.S.
workers to compile the Hudson Employment Index. A series of
tracking questions are asked of employees and managers to provide
the underlying data. With an inaugural value of 100.0, the Index
will move up or down as confidence in the employment market
improves or wanes. This month's survey data also reveals that 28
percent of all employees, and 24 percent of managers, are currently
looking for another job. Further, 21 percent of those happy with
their current jobs are in the market for a new position. However,
86 percent of all respondents say it is somewhat or very likely
that they will be working for the same employer in a year. "These
findings suggest that Americans are willing to accept the status
quo in this decidedly employer-friendly market," according to
Thomas B. Moran, President, Hudson North America, "but that a
market rebound may herald a new round of employee churn." Overall,
the American workforce is growing more confident about the labor
market, though lingering caution remains. The survey indicates 29
percent of workers believe that their companies will be hiring more
workers over the coming months, while just 17 percent say their
companies will lay off workers. Despite the positive hiring
outlook, 20 percent of all workers are worried about the
possibility of losing their jobs. This figure includes 17 percent
of business managers. "Clearly, there are residual effects from
previous rounds of layoffs, with a fear factor that may be higher
than is warranted," commented Moran. Even workers who are not
worried about losing their jobs are keeping their options open --
24 percent are looking for another job, and 56 percent would be
somewhat or very likely to accept another position. The survey's
objective is to provide thorough and timely intelligence about the
views of employees on forces impacting organizational performance
and productivity. "The data behind the Hudson Employment Index
offers an unfiltered view into the minds of American employees,"
states Moran. "We are pleased to launch this vehicle to share real
opinions from real employees about what is working -- and what is
not -- in organizations today." Next month's Hudson Employment
Index will be released on February 4, 2004. For historic context,
data is also available from more than 100,000 employee interviews
conducted in 2003. The Hudson Employment Index The Hudson
Employment Index measures employee attitudes on critical work
issues, including career opportunities, job satisfaction and
workplace performance. The Index is compiled each month by
Rasmussen Reports, LLC, an independent research firm, based upon
telephone interviews and survey responses from approximately 9,000
U.S. workers (RasmussenReports.com). Data reported in this release
is based upon a national telephone survey of 9,250 working
Americans during the month of December. The margin of sampling
error for a survey based upon this many interviews is approximately
1 percent with a 95 percent level of confidence. The Hudson
Employment Index is a service mark owned by Hudson Highland Group,
Inc. More information can be found at Hudson-Index.com. Hudson
Hudson delivers specialized professional staffing, outsourcing and
human capital solutions worldwide. From single placements to total
solutions, the firm assesses, recruits and develops talent to meet
the specific business needs of each client. Global practice areas
include Accounting & Finance; Engineering, Operations &
Scientific; Healthcare; Human Resources; IT &
Telecommunications; Legal; and Sales & Marketing. Hudson is a
division of Hudson Highland Group, Inc. (NASDAQ:HHGP) one of the
world's leading professional staffing, retained executive search
and human capital solution providers. More information is available
at Hudson.com. Special Note: Safe Harbor Statement Under the
Private Securities Litigation Reform Act of 1995: Except for
historical information contained herein, the statements made in
this release constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements involve certain risks and uncertainties, including
statements regarding the company's strategic direction, prospects
and future results. Certain factors, including factors outside of
our control, may cause actual results to differ materially from
those contained in the forward-looking statements, including
economic and other conditions in the markets in which we operate,
risks associated with acquisitions, competition, seasonality and
the other risks discussed in our Form 10-K and our other filings
made with the Securities and Exchange Commission, which discussions
are incorporated in this release by reference. DATASOURCE: Hudson
CONTACT: Jennifer Bernhart, Director of Market Research, Hudson,
+1-813-890-7379, ; or Linda Butler, Vice President, Ogilvy Public
Relations, +1-312-397-6002, , for Hudson Web site:
http://www.hudson.com/ http://www.hudson-index.com/
http://www.hhgroup.com/
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