Livonia, Mich. —Aug. 22, 2016 — The American Society of Employers (ASE), one of the nation’s oldest and largest employer associations, has released its 2016 Quarterly Economic & Employment Survey – Second Quarter results. The findings remain positive for Michigan, with employers continuing to expect a stable or even improved business outlook.
Highlights of ASE’s 2016 Quarterly Economic & Employment Survey – Second Quarter:
• The percentage of Michigan employers who believe their business outlook will not change or will improve over the next six months is 88%, consistent with first quarter 2016 and fourth quarter 2015 results.
• The percentage of employers who expect hiring levels to remain the same over the next six months remains strong at 63%; also encouraging, almost 25% of employers are planning to ramp up hiring over the next six months.
• Violation of workplace polices as a reason for involuntary separations is up 11% from first quarter 2016 survey results, but 2% lower than was reported in the second quarter of 2015.
• Personal reasons as a reason for voluntary separation decreased 11% from the first quarter of 2016 and, at 46%, is the lowest it has been in the past twelve months.
• Retirement as a reason for separation decreased by 9% from last quarter after steadily increasing over the past two quarters.
The survey results were announced by ASE President and CEO, Mary E. Corrado.
“It’s always interesting to see the nuggets of employment trend data that emerge from ASE’s quarterly surveys,” Corrado said. “The data point showing a drop in retirements reflects a material shift over survey findings from the previous two quarters. This will be an important statistic to follow throughout 2016.”
Background information on the ASE 2016 Quarterly Economic & Employment Survey – Second Quarter
• 116 organizations from across Michigan participated.
• Organizations with one to 500 Michigan employees made up more than 80% of the survey sample, while organizations with 501 to 1,000 Michigan employees represented just over 5% of the sample. The remaining 13.6% of the sample comes from organizations with more than 1,000 Michigan employees.
• A variety of industries are represented, with manufacturing organizations representing just over 60% of the survey sample.
To obtain a copy of ASE’s 2016 Quarterly Economic & Employment Survey – Second Quarter, contact ASE’s Compensation and Benefits Surveys department at firstname.lastname@example.org or 248.353.4500. This survey is available free of charge to ASE members, and is $525 for non-members.
About the American Society of Employers (ASE) – a Centennial Organization
The American Society of Employers (ASE) is a not-for-profit trade association providing people-management information and services to Michigan employers. Since 1902, member organizations have relied on ASE to be their single, cost-effective source for information and support, helping to grow their bottom line by enhancing the effectiveness of their people. Learn more about ASE at www.aseonline.org.