What is the Global Job Applicant Confidence Index?
The PageGroup Global Job Applicant Confidence Index polls job applicants to see what their outlook is regarding the labor market. This index is based only on those that actively applied for a job on Michael Page and Page Personnel websites. The survey covers more approximately 18, 000 questionnaires per quarter worldwide.
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 Global Job Applicant Confidence Index gives 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 mood of candidates every quarter each year. The aim is to have the possibility to track any positive or negative evolution. This can be extended further with cross comparison via regions worldwide.
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 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 include optimist answers regarding the improvement of:
- Skills development
- Scope of functions
- Career promotion
- Compensation level
- Work-life balance
- 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 situation perception
You can therefore review the perception and professional situation for those actively applying for jobs in all markets included in the index.