According to a survey by consulting firm Towers Watson, the majority of people are still attracted to the job market, even as they feel job growth is slowing down and unemployment is on the rise.
The report, titled “How Do You Stay Employed in 2018?,” surveyed nearly 700 current and former job seekers and employers about their views on the job markets and how they were able to keep their jobs.
Overall, 42 percent said that job growth was “good” or “excellent,” while 22 percent said it was “slow,” while 14 percent said they were “somewhat disappointed,” and 15 percent said the market was “poor.”
The survey also showed that people are “extremely” confident in their ability to find a job, with 77 percent saying they would be able to find that job within five years.
More than half of respondents said they would still be working if the economy remained the same as it was in 2017, and that the economy would get better by the year 2020.
Overall job growth has slowed slightly in 2018, according to Towers Watson.
While job growth overall has picked up over the last two years, the report found that in 2018 the percentage of respondents who said they saw a positive impact on their employment declined to 59 percent.
And in 2018 fewer people said they had a positive effect on their jobs compared to 2017.
The survey showed that employers are less confident in hiring than they were in the past.
About one-third of respondents reported that they were still waiting for the hiring process to go smoothly, with 35 percent saying that they had no confidence in the hiring of candidates, and 26 percent saying their confidence in hiring would suffer if the hiring did not go smoothly.
The hiring process, Towers Watson’s report noted, is still more complicated than in the early 1990s when hiring managers were not as confident about hiring.
About half of the respondents in the survey said they do not trust their current hiring manager’s ability to manage the hiring and retention process, while 28 percent said their trust in the current hiring process was lower than in 2017.
In 2017, a whopping 78 percent of people said their hiring manager was at least somewhat confident in the job candidates, according the survey.
However, more than half (55 percent) said their confidence had fallen.
About a third of the employers surveyed said they did not trust that hiring managers would have enough information about a candidate to make an informed decision about that candidate, with 38 percent saying the process did not require the hiring manager to be able, or willing, to ask for such information.
In 2018, hiring managers are also concerned about their ability or unwillingness to recruit the right talent.
More respondents said their fears of hiring people who would not be able or willing to perform well in the positions they were applying for was the most concerning, followed by having to find the right candidate and having to work with the right person.
“The hiring process is still a bit complex and takes time and is often complicated by different skills, backgrounds, and personalities,” the report states.
“Although hiring managers’ confidence in their process is low, they are still hopeful about their hiring processes and they want the process to continue to be as efficient as possible.
But they are also very concerned about how long it will take to get the right people in the right jobs.”