Is America Doing Enough to Create Jobs?
With a tepid 84,000 jobs created last month, a recent Korn/Ferry (NYSE: KFY) poll of U.S. workers with incomes of $50,000+ revealed that 63 percent believe an American President has a big impact on job creation.
Yet, just 45 percent of respondents think the U.S. has invested in technologies that create jobs. Compared to a president creating jobs on his own, fewer Americans (55 percent) think the President, Congress and Fed can work together to create jobs.
Sixty-four percent of respondents think that government spending is a good way to stimulate jobs. Results also revealed that respondents think the top industries to stimulate jobs are 1) sustainable energy solutions (28 percent), 2) Information technology (23 percent), and 3) Infrastructure for the country (22 percent).
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In addition, more than 70 percent of American workers do not think U.S. CEOs are working hard or are motivated to create U.S.-based jobs. In addition, workers are split on whether CEOs would invest tax savings into hiring.
According to Gary Burnison, CEO of Korn/Ferry International, “This report reveals that U.S. workers believe that the government has the power to stimulate jobs. The fact that respondents feel the President alone can create more jobs than the combination of the Congress, Fed and president may be a reflection of the current discord in Washington.”
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Burnison added that the current capital market uncertainty in Europe slows hiring in the U.S. and around the globe in general. “Companies forecast demand for goods and services. Obviously with the highest unemployment ever in Europe, it reduces consumer demand. Lower demand makes CEOs less willing to invest in hiring as they are uncertain of a payback.”
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The Korn/Ferry survey was polled by Survey Sampling International, the world’s leading provider of sampling, data collection and data analytic solutions for survey research, collected data. The survey results were announced today, July 16.
Korn/Ferry International is a global provider of talent management solutions, with a presence in Americas, Asia Pacific, Europe, and the Middle East and Africa.