Seventy-five percent of U.S. workers report feeling increased job security while 54 percent anticipate a turnaround in the job market this year, according to a recent study by Randstad, a human resources and staffing company.
Although respondents feel more secure in their positions, they are also cautiously optimistic when it comes to changing jobs. In fact, 58 percent of respondents do not think they could find a job they would immediately accept, but 45 percent of respondents intend to look at new job options when the market improves. Respondents are also less willing to make sacrifices to stay in their current positions as only 20 percent say they would take a reduction in benefits, and 10 percent say they would take a demotion.
"Employees are indicating greater job security, which is a good sign for companies,” says Joanie Ruge, senior vice president and chief employment analyst for Randstad Holding US. “As employees regain their job confidence, there is a real opportunity for employers to re-engage their work forces to maximize and improve performance, productivity and output. As the economy and job market continue to recover, employees will likely be more motivated to assess their careers and look towards future prospects.
"Companies need to be on the lookout for both at-risk employees and top performers and tailor their engagement plans to meet their differing needs. By developing and delivering effective engagement and retention strategies, companies and their employees will reap the benefits both today and in the future."
The survey also shows that 78 percent of respondents feel inspired to do their best every day while 74 percent of respondents feel proud to work for their employers. Sixty-eight percent of respondents report enjoying going to work, which is a 3 percent increase from March 2011, and 63 percent of respondents believe they are recognized and valued in the workplace.
Another 62 percent of respondents say they trust their companies’ leadership to make the right decisions for their employees, and 65 percent of respondents say they believe their employers share their values, a 5 percent increase from March 2011.