(1888PressRelease)
August 14, 2009 - Bangalore, India. - Kenexa® (Nasdaq: KNXA), a global provider of business solutions for human resources, announced the results of its employee confidence study, a quarterly measure of worker opinions and component of the forthcoming Kenexa Composite. The global employee confidence index score was 98.9 in June 2009.
Employee confidence has been found to relate to multiple economic and business performance outcomes at the individual, organizational, industry and country levels as well as being predictive of consumer confidence. The employee confidence index score for India was 99.6, UK was 99.0 and United States’ was 98.9. India recorded a higher growth of 8.1% when compared to UK (rise 4.6%) and US (rise of 5.3%).
A high level of employee confidence is achieved when employees perceive their organization as being effectively managed, competitively positioned and believe they have a promising future with their organization, job security, and skills that are attractive to other employers. Employee confidence influences individual behavior and has implications for organizational performance and economic conditions.
Countries with the highest levels of employee confidence:
Brazil =107.2, China = 102.3, France = 101.4 and Russia = 100.9
Countries with the lowest levels of employee confidence:
Italy = 97.8, Spain = 96.0 and Japan = 93.8
What had been the lowest scoring component of confidence, job security and having a promising future, has now been replaced by a worker’s ability to find employment elsewhere which illustrates that the notion of a jobless recovery is very much in alignment with how the typical employee feels. Except Japan, the second quarter 2009 employee confidence index scores indicate that countries are becoming more positive.
About the Kenexa Composite™
The Kenexa Composite™ is a country-level indicator of economic health and employment conditions. Using a combination of the Kenexa Employee Confidence Index (ECI) and the Kenexa Jobs Index, the Kenexa Composite tracks labor demand and employee optimism in the 12 largest economies, accounting for 73% of the world’s GDP.
The Kenexa Jobs Index™ is comprised of a fixed set of Forbes Global 2000 organizations and gauges their hiring activity. These organizations use Kenexa’s large-scale recruiting solutions.
About the Kenexa Employee Confidence Index™
The Kenexa Employee Confidence Index™ (ECI) measures the degree of confidence employees have in their employers’ marketplace competitiveness and their own careers. The ECI is measured quarterly using opinions from workers in Brazil, Canada, China, France, Germany, India, Italy, Japan, Russia, Spain, the United Kingdom and United States. Kenexa’s ECI was started in June 2008 and was normalized for each country to equal 100. Subsequent scores are reported in percents above or below that starting point. Data are available by country, industry, age, gender and job type.
About Kenexa
Kenexa® provides business solutions for human resources. We help global organizations multiply business success by identifying the best individuals for every job and fostering optimal work environments for every organization. For more than 20 years, Kenexa has studied human behavior and team dynamics in the workplace, and has developed the software solutions, business processes and expert consulting that help organizations impact positive business outcomes through HR. Kenexa is the only company that offers a comprehensive suite of unified products and services that support the entire employee lifecycle from pre-hire to exit.
Additional information about Kenexa and its global products and services can be accessed at www.kenexa.com.
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