Employees Observing Fewer Cutbacks in Compensation, but More Perks
•Forty-three percent reported their company made changes to the number of staff, organizational structure, compensation and benefits, or other listed activities in the past six months; down three percentage points from last quarter. •Of those employees who reported positive changes at their organization, 65 percent were awarded new perks (option to work remotely, casual dress, flexible work hours) and/or new stock; an all-time high since we started tracking in Q2 2011 and the third consecutive quarter to increase. •Of those employees who reported negative changes at their organization, 47 percent noted changes or a reduction in compensation; an all-time low since we began tracking in Q1 2009; also a seven percentage point decrease from last quarter.
Employees Expect Their Company Outlook to Stay the Same
•Almost half (48 percent) of employees (including self-employed) expect their company's outlook to stay the same (neither better nor worse) in the next six months; an eight percentage point increase from last quarter. •On the other hand, 40 percent believe their company's outlook will be better in the next six months. •Those in the South (44 percent) and the West (44 percent) are more optimistic about their company's outlook, compared to the Midwest (33 percent). •Men (46 percent) were significantly more optimistic than women (33 percent) about their company's outlook in the next six months.
Job Market Confidence Holds Steady; Unemployed Slightly More Optimistic
•Employees' expectations to find a job matched to their experience and current compensation remains unchanged from last quarter at 41 percent. •Those unemployed but looking for a job have increased their optimism slightly this quarter to 37 percent; a three percentage point increase from last quarter.
Layoff Concerns Unchanged
•Employees concerned about being laid off in the next six months holds steady at 17 percent. •Employees in the Northeast (22 percent) were significantly more concerned about being laid off when compared to those in the Midwest (12 percent). The South (18 percent) and the West (16 percent) fell in the middle. •Employees concerned about coworkers being laid off in the next six months has slightly increased this quarter to 30 percent, up two percentage points from last quarter. •Concerns over coworker layoffs were slightly higher in the Northeast (33 percent) and the South (32 percent), compared to the West (24 percent).
Two in Five Expect Pay Raise in Next 12 Months
•Forty percent of employees expect to receive a pay raise or cost-of-living increase in the next 12 months; 39 percent do not expect a pay raise and 21 percent are not sure. •Almost half (48 percent) of employees 45-54 years old do not think they will get a pay raise or cost-of-living increase in the next 12 months, compared to 35 percent of 18-34 year olds and 35 percent of 35-44 year olds.
For more details, please see the full Q4 2012 Glassdoor Confidence Survey Supplement: http://www.glassdoor.com/press/surveys. For complete methodology, please contact pr [at] Glassdoor [dot] com.
Most Popular Stories
- Accenture Gets 8 Percent Bump in Q1
- Insurance Rule Change Angers Industry
- Revised GDP Up 4.1 Percent in 3rd Quarter
- Obama Opens Last-Minute Loophole in Insurance Law
- Alex Kinsey, Sierra Deaton Crowned 'X-Factor' Champs
- Obama's Dad Was Abusive Drunk, Half Brother Says
- Economic Growth Boosts U.S. Futures
- The Costs of Repealing Obamacare
- BlackBerry Posts $4.4 Billion Quarterly Net Loss
- Brian Boitano Announces That He Is Gay