Indian employees maintained high level of confidence in the future of their companies in the third quarter of this year compared to their global peers, a study says.
As per the study by global HR solutions provider Kenexa, except India, China and Brazil, employees from nine other countries surveyed reported a decline in employee confidence in the third quarter as compared to the previous quarter.
"Globally there was about one point decline in the third quarter 2009 (in the employee confidence index), compared to five point improvement in the second quarter.
"China and India sustained and built very slightly on the improvements seen in the second quarter of 2009, while Japan reversed a second quarter downward trend," Kenexa Research Institute research consultant Anne Herman said.
Global employee confidence, which is a quarterly measure of the degree of confidence employees have in their employers' marketplace competitiveness and their own careers, dropped to 97.9 at the end of September from 98.9 in June this year.
The country-wise employee confidence index score for India was 100.2 in September quarter, rising marginally from 99.6 in June this year, the report revealed.
"Only three countries, China, India and Brazil, are at or above the employee confidence levels first measured in second quarter 2008," the report stated.
In September, Brazil (105.3), China (102.8) and India had highest levels of employee confidence, while Germany (96.7), Japan (95.6) and Spain (93.3) had lowest.
The largest declines in the 2009 third quarter employee confidence levels compared to the second quarter were registered in France followed by Spain and Germany.
Interestingly, the United States' employee confidence index score dropped 1.2 per cent since June this year to 97.7.
"While the second quarter of 2009 showed a global economy rebounding strongly, the third quarter employee confidence scores indicate that recovery is not going to be a straight line of positively improving results," the survey said.
Nine of the twelve studied countries show third quarter declines compared to second quarter of 2009.
According to the survey, a high level of employee confidence is achieved when they perceive their firms as being effectively managed and competitively positioned and believe they have a promising future with their organisation, job security and skills that are attractive to other employers.
Employee confidence influences individual behaviour and has implications for organisational performance and economic conditions.
The Kenexa Employee Confidence Index is measured quarterly taking opinions from workers in Brazil, Canada, China, France, Germany, India, Italy, Japan, Russia, Spain, the United Kingdom and United States.
