U.S. Workers' Outlook on Employment Continues to Improve According to Hudson Employment Index(SM)
March 03 2004 - 6:00AM
PR Newswire (US)
U.S. Workers' Outlook on Employment Continues to Improve According
to Hudson Employment Index(SM) A majority feel their next job will
be better than their current one NEW YORK, March 3 /PRNewswire/ --
U.S. workers reported greater optimism regardingthe employment
outlook in February with the Hudson Employment Index(SM) rising 1.5
points to 106.9. The increase is attributed to the number of
employed respondents indicating their next job will be better,
which rose to 52 percent from 43 percent in January. Hiring plan
and job loss indicators showed little movement from last month.
Supplemental Hudson research also reveals that two-thirds (68
percent) of unemployed respondents believe they are somewhat or
very likely to find a job in the relatively near future. In fact,
those who are unemployed have views on the overall economy that are
as or more positive than individuals in firms expecting layoffs.
Forty-seven (47) percent of those unemployed say the U.S. economy
is in a recession, compared to 61 percent among those working at
companies reducing their workforce. In contrast, only 23 percent of
workers at organizations that are hiring feel a recession exists.
"Cautious optimism continues to be the prevailing feeling about the
employment market, even among unemployed Americans," according to
Jeffrey Anderson, senior vice president, Hudson North America. "The
exception is among firms who are laying off workers, where
employees are more likely to feel their own personal finances as
well as the U.S. economy are deteriorating." Selected data was
available for the eight most populous states, with Texas and
Florida posting the highest overall indices at 114.5 and 112.1,
respectively. The Illinois and New York indices came in lowest, at
88.1 and 88.4 respectively. Respondents from Illinois and New York
were also more pessimistic about their next job, with only 37
percent and 45 percent, respectively, indicating it would be
better. Each month, on a quarterly rotation, the Hudson Employment
Index survey examines a particular workplace issue in more depth.
The theme this month was workplace performance, measuring views on
employee motivation, contributions and understanding of
expectations and organizational goals. Generally speaking, U.S.
employees are quite positive regarding their working environment,
with 91 percent indicating that they have a clear understanding of
what is expected of them and 88 percent feeling they make a
personal and direct contribution to their organization's success.
Of those who do not believe they make a personal contribution, only
29 percent are happy with their job, compared to 75 percent of
those who believe they do. Further, 70 percent are happy in their
current job and 75 percent expressed that they are very or somewhat
confident in their organization's leadership. Nearly two thirds of
employees feel their work environment motivates them to do more
than is required (65 percent) and believe that they have a clear
understanding of the strategies and goals of their organization (63
percent). "Our data suggests that most employees feel valued and
invested in their organization, although there is room for
improvement linking personal accomplishments to organizational
goals," indicated Anderson. "However, people are still willing to
look for new jobs. Job satisfaction does not necessarily equate to
retention in an environment of diminished employee loyalty." The
number of respondents indicating they are looking for a job has
stayed relatively consistent this year, coming in at 29 percent
this month. The percentage of those who would be somewhat or very
likely to entertain another job if offered dropped to 55 percent,
down from 61 percent in February. Hudson, one of the world's
leading professional staffing, outsourcing and human capital
solution providers, publishes the Hudson Employment Index, the
first monthly measure of employee attitudes on critical work
issues, including career opportunities, job satisfaction and
workplace performance. Next month's Hudson Employment Index will be
released on March 31, 2004. The Hudson Employment Index The Hudson
Employment Index (Hudson-Index.com) 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 9,262 working Americans during the month of February. 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. 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 of Hudson, +1-813-890-7379, ; or Nathan
Friedman, Account Supervisor of Ogilvy Public Relations,
+1-312-397-6009, , for Hudson Web site: http://hudson-index.com/
http://www.hhgroup.com/
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