Confidence Among Unemployed Job Seekers Reaches 3 Year High; Glassdoor Employment Confidence Survey Q2 2012

Confidence Among Unemployed Job Seekers Reaches 3 Year High; Glassdoor Employment Confidence Survey Q2 2012

2012-07-06 04:30:51

Is the job market looking brighter this summer?  According to the latest quarterly Glassdoor Employment Confidence Survey¹, 42% of unemployed job seekers believe they can find a job matched to their experience and compensation level in the next six months – an all-time high since Q1 2009 and an increase of six percentage points when compared to Q1 2012. Notably, this is also a 17 percentage point increase compared to one year ago, Q2 2011, when it was at its low (25%).


However, things are a bit different for those employed (full/part or self). This quarter is the first time employee confidence sank below confidence levels held by unemployed job seekers. In Q2 2012, employee optimism surrounding re-hire probability remained flat (37%) when compared to last quarter; and 30% believe it is unlikely they could find a job at all.

The survey also reveals that employees 55 years and older are the most (41%) confident about their chances of finding work, if they were to lose their current job. Those ages 18-34 are least confident (22%), followed by those 35-44 (27%) and 45-54 (31%).

Is the unemployment line slowly dwindling?

While the unemployment rate continues to hover slightly above 8%, there is an indication that layoffs may be slowing down. The survey shows that of employees who reported cutbacks at their company, fewer employees (38%) reported layoffs or that their employer reported plans for layoffs in the past six months – an all-time low since our survey began in Q4 2008.

When asked if employees were concerned that layoffs could still occur in the next six months, 19% are concerned about personal layoffs, remaining steady with reports in the prior quarter. However, concerns over co-worker layoffs dropped four percentage points to 29% when compared to last quarter.

Interestingly, men (23%) are more concerned about being laid off than women (15%) in the next six months.

Is it too soon to ask for a raise? Employee optimism over pay raises drops slightly

While the unemployed may be feeling more optimistic about finding work and layoff reports may be slowing, employees remain cautious about how favorable conditions are inside their companies. Two in five employees (40%) expect to receive a pay raise or cost-of-living increase in the next 12 months, down three percentage points from last quarter. Employees also note that when it comes to company outlook, 45% expect it to stay the same, 10% expect is to get worse, and 45% expect their companies to improve in the next six months.

When salary expectations are broken out by gender, men’s optimism for a pay raise fell five percentage points since last quarter to 40%, while 41% of women expect a pay raise in the next 12 months, an increase of one percentage point from last quarter.


View the complete results for the Glassdoor Employment Confidence Survey including breakdowns by age, location and gender.

Do you feel like the job market is getting better or worse? Are you expecting a pay raise in the next 12 months?

¹ The Glassdoor Employment Confidence survey is conducted online by Harris Interactive on behalf of Glassdoor. The quarterly survey monitors four key indicators of employment confidence: salary expectations, job security, re-hire probability and company outlook.

Categories: In the News

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

  1. It is also called 2 to 1 against, which means 2 against, 1 for.
    Binary Options is one of the easiest and least risky trading options available
    in today’s modern world. The calculator also gives tradersan option to check the data that involves different aspects of trading, so that
    they can closely relate to the type of binary trading they personally like to do.

    Also visit my blog post: optionbit

  2. Instead, apply for no credit check cash loan and
    spend some quality time with your friends and family.
    Keep your card and its details, as safe as you can it may
    not save you money, but it will certainly save you a huge amount of inconvenience.
    These are among the finest credit cards for faculty students.

  3. Your style is so unique compared to other folks I have read stuff from.
    Thank you for posting when you have the
    opportunity, Guess I will just bookmark this site.

    Feel free to visit my web-site business (Dina)

  4. Trade transmission oil just about every 500 hours or according to manufacturer.
    Velocity boaters like finding around at a quickly pace even though most
    fishermen want a boat to get to the fish so they usually shift at
    a slower pace. Once father is outside, he should find out how warm it is in Phoenix or in which actually he lives.

    Review my blog post :: deck railing design ideas

  5. You can even put a dress code of colours related to love like red.
    One can only question if Microsoft will be aware of consideration and put
    into action any of this in outlook games.
    Activision will be releasing ‘Destiny,’ which is being developed by Bungie,
    for the aforementioned current-generation consoles and next-generation systems
    in the spring season of next year in North America.

    My homepage; code xbox live gold

  6. It has been used to fight off the common cold, the flu and even the devastating Plague in Europe during the 1300s.
    So possessing a spouse together with you on the diet
    will maintain accountability to oneself, to associate as
    effectively. Oz does not endorse the diet and believes that it is not effective for long
    term weight loss, but he does believe that some times the experience of real people has not caught up with science for documentation.

    my site hcg weight loss success stories

  7. I will right away grasp your rss as I caan not
    in finding your e-mail subscription link or e-newsletter service.
    Do you’ve any? Please permit me recognize so that I could subscribe.

    Feel free too surdf to my web page … love it

  8. If the roof leaks or is unstable or allowing mold to get in, that could impact
    the structure or point to larger structural issues that are inherent in the construction of
    the building. Everything from mold and mildew to structural support
    can be impacted by long term humidity. This is a bold move by Apple to create better customer
    service relations with i – Pad users.

  9. I was wondering if you ever considered changing the layout of
    your blog? Its very well written; I love what youve got to say.
    But maybe you could a little more in the way
    of content so people could connect with it better. Youve got an awful lot of text for only having 1 or two images.
    Maybe you could space it out better?

  10. Nice weblog here! Additionally your web site lots up very
    fast! What web host are you the usage of? Can I get your associate link on your host?
    I desire my web site loaded up as quickly as yours lol

  11. My spouse and I stumbled over here by a different web page and thought I should check things out.
    I like what I see so now i’m following you. Look forward to exploring your web page yet again.