9/19/2013 - Randstad: Job seekers' confidence at five-year high
While the country's unemployment rate has been stuck in the 7.5% range for some time, a new poll suggests that this hasn't served as a detractor to more people being confident about their prospects of landing a job.
According to human resources services provider Randstad, consumers are as optimistic about the state of the economy - and in so doing, their ability to find work - as they have been since the recession began in 2008. The firm's Employee Confidence Index jumped to nearly 57, up two percentage points from the previous survey that was conducted in the spring.
Jim Link, managing director of Randstad, noted that consumers appear to have high hopes that their ability to secure a position will finally come true.
"Our Index … found over a third of employees are likely to seek a new job in the next 12 months - a sign that the economy has better opportunities available in the eyes of job seekers," said Link. "The recent strengthening of both the stock market and residential property values are two factors that may help build confidence of the American labor market in months to come."
With many employers more confident about hiring, they should be sure to update their business owners' insurance policy beforehand. Added workers traditionally brings greater liability, and Selective can provide companies with the protection they need to account for these changes to their workforce so that they can continue to increase their productivity and improve their bottom line.