What is the global supply chain workforce thinking? Professionals are agonizing over career decisions. Is my job secure? Should I stay with my current employer? Is this a unique opportunity to get ahead? Meanwhile, employers are trying to predict and create the future. Is our workforce secure? Will downsizing affect our ability to innovate out of the crisis?Is this a unique opportunity to secure talent?
The DSJ Global Job Confidence Index 2020 is a new annual report that aims to measures confidence in the supply chain labor market and provide some answers to these questions. The index reports on professionals’ confidence in the economy, getting or holding a job, their compensation and bonus, and whether the normal push-and-pull factors in employment have changed.
We surveyed respondents from Asia Pacific between February and March and respondents from Europe, the Middle East, and the US between March and May. Coincidentally, we captured how their confidence changed with the onset and spread of the Covid-19 pandemic.
• Job market blues: 2 in 5 respondents (43%) feel negative or very negative about the current job market.
• Back up plans:
Only 44% are confident or very confident they could find another job in the next three months if they became unemployed.
• Feeling good:
Half of respondents (48%) are satisfied with their current job. A quarter (28%) report feeling unsatisfied or highly unsatisfied.
•Out the door:
Despite this, only 36% say they are likely or very likely to stay with their current employer over the next six months.
• Climbing the ladder:
The majority would move to progress their career (60%) than pursue a higher salary (53%)