NEW YORK, June 17, 2013 /PRNewswire/ -- American workers are showing greater confidence regarding their jobs, with growing optimism toward the prospects of receiving improved healthcare and retirement benefits and a salary increase. But this positive sentiment is counterbalanced by raised expectations of more work for the same pay and concern about being replaced by a lower cost employee. These positive and negative shifts effectively cancel one another out, resulting in May's aggregated concerns holding steady in comparison to April (57% each) and remaining slightly up from March (56%). These are among the findings of the May Harris Poll Jobs and Benefits Security Index, which provides a score that is measured monthly to track the changing sentiment of today's American workers.
The Harris Poll Jobs and Benefits Security Index offers an internal view into today's American workplace by reporting on the job/benefits security pulse of the worker. The online survey of 1,192 American workers was conducted between May 20 and 22, 2013 by The Harris Poll. (Full findings and data tables available here)
Benefits outlook brightensU.S. workers display growing hope that they will see improvements in their benefits in the near future. Workers show an increased belief that they will receive better healthcare benefits in the next three months (20%, up from 16% each in April and March) and that they will receive better retirement benefits in that time (19%, up considerably from 13% in April and up slightly from 18% in March). Workers also show slight growth from April in the perceived likelihood that they'll get a raise from their employer in the next three months (from 29% in April to 32% in May), though this is still down slightly from the March level (34%).Imminent efficienciesMuch like the U.S. Department of Labor's May Jobs report, which finds a higher-than-anticipated number of new jobs offset by a slight uptick in the unemployment rate as more people begin to actively look for a job, the index similarly finds brighter outlooks on benefits and salary counterbalanced by rising fears of either being replaced or having to pick up additional work with no commensurate pay increase:
- 18% of U.S. workers - up from 15% in April – believe that they will be replaced by a lower cost employee.
- Workers are also increasingly afraid that they will have to work more without getting more money (56%, up from 53% in April and 50% in March).
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV