Robert Half Jobs Confidence Index | Powered by Cebr | Robert Half

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 46.3 in Q1 2024, the fourteenth consecutive quarter in which it has been in positive territory.Job security confidence experienced a significant gain. At 156.8, the pillar was up by 32.5 points on the quarter, rising to its highest reading on record. Over half (60.1%) of employees feel confident about their job looking ahead to the next six months. 

Pay confidence taking a hit

The pay confidence pillar fell into negative territory, at -10.9. A sharp worsening of job earnings security a key contributor. Labour productivity, measured by output per hour worked, fell by 0.3% on an annual basis in Q4, following 0.5% growth in the previous quarter.

Job search and progression confidence on the up

The job search and progression confidence pillar rose by 20.6 points on the quarter, to reach 23.5.The core driver of the rise was an improvement in career progression confidence with 45.9% of employees feeling confident about their future career prospects over the coming five years.Levels of economic inactivity remained largely unchanged on the quarter. Download Full Report

Missed our last live webinar? Full recording now available!

On Tuesday 4th June 2024 we ran our sixth quarterly webinar with Christopher Breen, Head of Economic Insight, Cebr, and hosted by Gareth Gage, Regional Managing Director at Robert Half.

Watch now Read the previous quarter's report
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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
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