American workers are increasingly worried about their income and benefits security, as well as their employability, according to the findings of the recently introduced Harris Poll Jobs and Benefits Security Index, which provides a score that is measured monthly to track the changing sentiment of American workers.
Aggregated concerns regarding these issues showing a slight increase since last month (from 56% in March to 57% in April). This combined measure shows a strong and increasing concern, particularly among older and higher income workers, while individual concerns show more dramatic month-to-month shifts among all workers.
The online survey of 935 American workers was conducted between April 15 and 17, 2013 by The Harris Poll. According to a press release, key findings include:
- More U.S. workers (50% March - 53% April) expect to do more work without getting more money in the next 3 months; More U.S. workers (20% March - 24% April) expect to have their salary or hours reduced in the next 3 months;
- Less U.S. workers (61% March - 55% April) believe that if they were going to look for a new job, they would be able to find one; and,
- Less U.S. workers believe they will get a raise from their employer (35% March - 29% April) or receive better retirement benefits (18% March - 13% April) in the next 3 months.
Looking at the aggregated Jobs and Benefits Security Index measurement, findings of particular note are:
Harris Interactive President and Chief Executive Officer Al Angrisani, former assistant secretary of Labor under President Ronald Reagan, asserts that "The Harris Poll Jobs and Benefits Security Index points to a rise in worker insecurity about their income, benefits, and employability this past month. Specifically, workers are more pessimistic about the likelihood of finding a job if they need to look for one, as well as the likelihood of seeing a benefits improvement."
- U.S. workers with an annual household income of $50,000-$74,999 (58% March - 62% April) are both the most concerned income group, and the group showing the sharpest month-over-month rise in concern. Those with incomes of $75,000 or more also show notable growth in concerns (56% March - 59% April).
- U.S. workers ages 55 and older (60% March-63% April) are, in an echo of the trend above, the age group showing both the greatest overall concern and the most prominent growth in this measure.
To see other recent Harris Polls, please visit the Harris Poll News Room.