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.
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. Download the report today.Download now
Jobs confidence grows amidst widening skills shortages
The Robert Half Jobs Confidence Index increased to 46.5 in Q4 2023, the thirteenth consecutive quarter in which it has been in positive territory.Job security confidence experienced the biggest gain. At 138.4, the pillar was up by 32.5 points on the quarter, rising to its second-highest reading on record. Over half (56.1%) of employees feel confident about their job looking ahead to the next six months.
Pay confidence high with real earnings rising
The pay confidence pillar remains firmly in positive territory, at 36.8. A continued deceleration in inflation further boosted wage growth. Labour productivity, measured by output per hour worked, fell by 0.3% in Q3, following 0.2% growth in the previous quarter.
Job search and progression confidence declining
The job search and progression confidence pillar fell by 29.8 points on the quarter to reach 4.9, its largest quarterly fall on record.The core driver of the fall was a worsening in career progression confidence with 40.3% of employees feeling confident about their future career prospects over the coming five years – a 7.1% drop from the previous quarter.Levels of economic inactivity remained largely unchanged on the quarter.Download Full Report
Missed our last live webinar? Full recording now available!
On Monday 4th March 2024 we ran our fifth quarterly webinar with Nina Skero, Chief Executive, Cebr, and hosted by Chris Lawton, Practice Group VP Permanent Placements at Robert Half. Watch nowRead the previous quarter's report
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
