Robert Half Jobs Confidence Index: insights that work
In partnership with the Centre for Economics and Business Research, the quarterly Robert Half Jobs Confidence Index is the most authoritative report on the key socio-economic factors influencing confidence in the UK labour market.Download now
All the insights you need in one place
The Robert Half JCI analyses the factors determining how confident an individual is likely to feel about their ability to secure employment and fulfil their career potential, whilst creating economic value. Equip yourself with information about the latest job security, pay, job search and progression trends to support your business strategy or job search.
Job stability and confidence on the up as the economy grows
The Robert Half Jobs Confidence Index increased to 51.6 in Q2 2024, the fifteenth consecutive quarter in which it has been in positive territory. Job security confidence experienced a slight decrease. At 152.1, the pillar was down by 4.7 points on the quarter, remaining the second highest reading on record for this pillar.Over half (61.4%) of employees feel confident about their job looking ahead to the next six months.
Pay confidence experiences the strongest quarterly gain
The pay confidence pillar rose to positive territory at 12.1An improvement of pay gaps and job earnings security were key contributorsLabour productivity, measured by output per hour worked, fell by 0.3% on an annual basis, remaining unchanged from the previous quarter
Job search and progression confidence taking a hit
The job search and progression confidence pillar dropped by 13 points on the quarter, to 10.5.The core driver of the drop was an increase in involuntary part-time work.44.6% of employees feel confident about their future career prospects over the coming five years, of which 13.2% felt very confident.Download Full Report
Missed our last webinar? Full recording now available!
On Tuesday 3 September 2024 we ran our seventh quarterly webinar with Christopher Breen, Head of Economic Insight, Cebr, and hosted by Chris Lawton, VP of Permanent Placement Operations at Robert Half.
00:00 - Introduction
03:00 - Jobs Confidence Index pillars
03:32 - How have the pillars changed over time?
04:08 - Pillar 1: Job security confidence
06:14 - Pillar 2: Pay confidence
08:11 - Pillar 3: Job search and progression confidence
09:20 - Pillar 4: Macroeconomic confidence
11:26 - Snapshot: Employee views on the New Deal for Working People
16:37 - Forward-looking commentary
20:52 - JCI overview and Q&A with Cebr
Building the Robert Half Jobs Confidence Index
While traditional measures of labour market health, like unemployment and job vacancies, are valuable, the figures alone are not enough to understand the UK’s complex labour market, that's why we have partnered with Cebr to create the quarterly Robert Half Jobs Confidence Index (JCI). The Robert Half JCI provides a holistic view of the labour market with all the stats in one place including:Job security (combining the latest labour force readings, UK unemployment/employment rate, labour market tightness) and pay confidence (wage growth, pay gaps and future employment confidence) Job search and progression confidence, which looks at employee rates of involuntary part-time work, social mobility measured by access to the professions and career progression confidence UK macroeconomic confidence reveals the big picture including how confident consumers are in the economy Read the previous Jobs Confidence Index report
