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January 2015
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January 2015
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Employee Confidence at an All-Time High Since Before the Recession

Wednesday, January 14, 2015

Employee confidence and hiring are both at an all-time high since before the recession. The unemployment rate hit a six-year low—5.6 percent—in December, with 252,000 jobs added to the workforce. Thanks to this ramp-up in hiring, employee confidence has also increased, according to a recent Glassdoor survey. The job site found 43 percent of employees expect to get a raise next year, and 35 percent said they would be comfortable looking for a new job. This is in stark contrast to similar figures released during the recession. Very few people changed jobs between 2007 and 2008. "Candidates weren't moving because they were nervous. They stayed put,” said Edward Fleischman, CEO of hiring firm Execu|Search Group. “Now people are moving, causing their companies to have hiring needs and also promote people.” This movement is an important factor in making the market more favorable for job seekers, Fleischman said, and the numbers back up this sentiment. A survey conducted by Execu|Search found 63 percent of employers say their main hiring challenge in 2015 will be finding qualified candidates.

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