What is the Confidence Index?
The PageGroup Confidence Index polls job applicants to identify their outlook regarding the labor market. This index covers only those candidates who actively applied for a job through Michael Page and Page Personnel websites. Initiated in Switzerland in July 2014, the now global study is conducted online and investigates the motivations of job applicants for changing jobs, their confidence in finding a new job and their expectations about the length of their job search. The survey covers approximately 18,000 questionnaires per quarter worldwide, more than 650 in Switzerland. An interactive infographic and more details can be found under www.michaelpage.ch/news-and-research-centre/confidence-index.
Who is surveyed?
We survey people that have applied for a job on our Michael Page and Page Personnel websites, whatever their personal situation (unemployed, employed, …).
Why use the index?
The Confidence Index will give identical and recurrent calculation of both the perception and professional situation of those actively applying for positions. You will therefore have the opportunity to track, follow and communicate on the candidates mood every quarter and every year. The aim is to have the possibility to track any positive or negative evolution.
How is it calculated?
Only the % of active job applicants that agree that the situation will be better are taken in the calculation. The index shows basically the proportion of the most optimistic people. We receive a proportion of optimistic people for each of the 10 indicators.
How do you perceive your professional situation will be in the next 12 months regarding your skills development?
Worse / Same / Better / No opinion.
If we have 62% of people who answered Better, this 62% will take part of the average calculation of the index.
What exactly is measured?
The main index or the average index given by age is calculated based on the 10 indicators. 6 of them refers to the professional situation and the other 4, about the perception of the market.
Professional situation indicators includes optimist answers regarding the improvement of:
- Skills development
- Scope of functions
- Career promotion
- Compensation level
- Whether or not the applicant believes that they need less than 3 months to find a new job.
The perception of the market includes the following 4 indicators:
- Current job market situation
- Future job market perception
- Current economic situation
- Future economic sitation perception