The California Employee Confidence Index dropped 5.8 points to 40.4 in June, reaching a new survey low, according to the latest Spherion
Employment Report. The monthly survey of California workers, conducted by Harris Interactive on behalf of Spherion Corp., shows that although more workers feel uncertain about their personal employment situation, one-third (33 percent) of workers are likely to look for a new job in the next year.
Results from the California Employment Report:
- Sixty-four percent of workers believe it is unlikely they will lose their job in the next year compared to 73 percent in May.
- Less than half (48 percent) of workers surveyed are confident in the future of their current employer, down 19 percentage points from the previous month.
- One-third (33 percent) of workers say they are likely to make a job transition in the next year, representing a four percentage point decrease from May.
- Three-quarters (75 percent) of workers believe the economy is getting weaker, showing a three percentage point increase from the previous month.
"As we had anticipated, economic uncertainty remains a widespread issue in California and seems to have influenced the drop in this month's Index," explained Lauren Steel, territory vice president for Spherion. "The rising costs of fuel and food prices appear to have California workers feeling a substantial pinch in their wallets. However, with three-quarters of California workers reporting that they either feel neutral or confident about their ability to find a new job, employers looking to retain their talent may want to consider exploring alternative work schedules to help provide relief to their economically burdened employees. Forward-thinking employers are already in the process of implementing condensed work weeks and offering telecommuting options to their employees in an effort to help offset some of their employees' concerns."
