Worker confidence saw a slight jump in Q2, according to the U.S. Worker Confidence Index, a survey from HRO Today Magazine and Yoh. The index came in at 103.4, a 1.5-point increase from Q1. The small gain was led by a significant increase in perceived job security, which rose 11.9 points, the highest it has been since Q4 2019.
These gains were counterbalanced by a notable decrease in trust in company leadership, which fell 7 points to 98.5, largely driven by younger workers. Before this most recent quarter, trust in company leadership hadn’t fallen below 100 points since Q3 of 2017.
The perceived likelihood of a raise fell slightly overall, though older workers reported increased confidence that they would get a raise.
According to Emmett McGrath, President of Yoh, Americans continue to remain wary about their employment and job prospects coming out of the pandemic. “As we move forward, it’s imperative that leaders take a more active role in monitoring their workforce’s expectations, identify issues and make necessary changes to assure workers that leadership is looking out for their best interests,” he said.