February 2024

The ADP Research Institute Employee Motivation and Commitment Index bounced back from its January decline, rising two points in February to 111.

Real estate continued its roller-coaster pattern with the biggest month-over-month change in the history of the index, swinging 126 points to a new high of 187.

"The index for the real estate industry over the last year has been very turbulent," said Dr. Mary Hayes, director of People and Performance Research at the ADP Research Institute. "The jump this month could be attributed to the anticipation as agents prepare for the spring selling season. Still, high mortgage rates and low inventory continue to challenge the industry."

The transportation and warehousing index has been declining steadily from its peak of 180 in November, coming in 75 points lower at 105.

In January, ADPRI revised the Employee Sentiment Survey to align its sector demographics with the North American Industry Classification System. Some sectors previously displayed in the EMC Index have been regrouped into NAICS categories, and other sectors have been added. The new categories will be displayed later this year as more data is collected and trend lines are established.

The Employee Motivation and Commitment Index tracks how people think and feel about their jobs and employers. By providing a real-time measure of the state of worker allegiance, it can tell us whether workers are flourishing in their jobs or detaching.

The ADP Research Institute publishes the EMC Index on the third Tuesday of every month. The next release will be March 19.