In the latest Glassdoor Employment Confidence Survey, employee optimism related to the job market, company outlook and pay raises increased in the fourth quarter of 2011. In addition, pessimism among the unemployed fell to a new low in the fourth quarter, with just 21 percent of unemployed job seekers reporting they think it is “unlikely” they will find a job in six months, down 11 points from the third quarter of 2011 to the lowest level since Glassdoor initiated this survey in 2008.

The quarterly survey, conducted by Harris Interactive on behalf of Glassdoor, reveals encouraging news when it comes to the job market. During the fourth quarter, 41 percent of employees (including self-employed) believe it is “likely” they would be able to find a job matched to their experience and compensation levels in the next six months if they lost their job, an increase of three points from the third quarter. Among unemployed job seekers, 30 percent believe they can land a job that meets their compensation and skill levels in the next six months, up three points from the third quarter.

After an increase in the second quarter of 2011, layoff concerns have remained relatively flat for the past two quarters (16 percent in quarter three and 17 percent in quarter four). In addition, concern for co-workers being laid off dropped four percentage points from the third quarter to 28 percent, the lowest level since the survey began.

As for salaries and pay raises, things seem to be slowly improving. During the fourth quarter, 38 percent of employees said they expect a pay raise in the next 12 months, up two points from the third quarter. However, more employees do not expect a pay raise in the next 12 months than those who do. 41 percent of employees report that they do not expect a pay raise in the next 12 months, down 5 points from the third quarter.

It’s also interesting to note that men (42 percent) remain more optimistic than women (33 percent) when it comes to the possibility for a pay raise in the next 12 months. In terms of company outlook in the next six months, more men indicated optimism than women (41 percent of men compared to 38 percent of women), which is consistent with previous surveys.

Are you looking for jobs? How do you feel about today’s job market? Do you feel like it’s getting better or worse?

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Interested in more insights into current employee and job seeker sentiment by age, location and gender? View the complete results for the Glassdoor Employment Confidence Survey.

Employee Confidence In Job Market & Pay Raises Increases; Unemployed Job Seekers More Optimistic is a post from: Glassdoor Blog

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More than half of employed adults (56 percent) and most unemployed job seekers (91 percent) believe the recent market volatility in the economy will have an impact on their careers, jobs and the job search. Among employees, 30 percent think their career advancement will be slowed, 28 percent think their job will be in jeopardy and 25 percent think their bonus or pay/commission will be reduced.

The quarterly survey, conducted by Harris Interactive on behalf of Glassdoor, also revealed that expectations around pay raises remains flat this quarter. Slightly more than one-third (36%) of employees expect a pay raise in the next 12 months although optimism for a pay raise is higher among men (40%) than women (32%). That said, more employees (46%) do not expect a pay raise  and 18 percent are unsure.

Interestingly, it’s not just pay raises that men are more optimistic about but also their company’s outlook – 38 percent of men are expecting their company’s outlook to improve, compared to 28 percent of women.

On a slightly more positive note, concerns over possible layoffs declined. Employees who are concerned they could be laid off in the next six months decreased by six points this quarter to 16 percent – the lowest level since the second quarter of 2010. However, that doesn’t necessarily mean employees are less concerned about layoffs overall as roughly one-third (32%) are concerned their coworkers could be laid off in the next six months, down two points from the second quarter.

But while layoff concerns may have slowed for those who have a job, unemployed job seekers report rising uncertainty as to whether they can land a job that meets their compensation and skills level in the next six months. More than one third (36 percent) indicate they are uncertain whether they will be able to find a job in the next six months – the highest level in five quarters – while 32% think it’s “unlikely” and 27% think it’s “likely.”

Are you looking for jobs? How do you feel about today’s job market? Do you feel like it’s getting better or worse?

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Interested in more insights into current employee and job seeker sentiment by age, location and gender? See the complete results for the Glassdoor Employment Confidence Survey.

Employee & Job Seeker Confidence Stalls; Optimism Around Pay & Company Outlook Wanes is a post from: Glassdoor Blog

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3. Double Dip In Employment Confidence; Q3 Survey Finds Increase In Layoffs And Pay Cuts

How do we explain this rise and what does it mean to today’s HR Leaders?

Some of the reasons job satisfaction may be on the rise include:

• Recent company success. As companies have recovered and benefited from record productivity numbers, and thus very strong earnings, it could be that the success of the company bleeds into job satisfaction and the aligned belief that company outlook is improving just makes it better.  Having something to celebrate is in itself a good thing.
• Reinvestment in employees. Whether forced to do so or not, some companies have begun to provide compensation increases and have reinvested in employee benefits.  The past few years, specifically 2008-2010, will be remembered as the “lost years” because of the loss of jobs and compensation. The rise in employee satisfaction may be a reaction to employers committing to getting salaries back to where they were.
• Increase in hiring: Companies are beginning to hire back a few positions and that must feel good to the worker who has been carrying the load of two or three of their lost co-workers.  While we all adapt, the elasticity of employee productivity is not infinite and there is a breaking point.  Just the recognition of this and a few strategic add-backs can go a long way with morale and job satisfaction.

These could all be contributing factors, but I fear that there is another reason and while it looks better now, the time-bomb continues to tick. Could it be that we are just tired of waiting for something to improve that isn’t likely to happen? Rather than go crazy waiting for Godot, are we now just settling into a new reality and accepting that this is the way it is going to be? Instead of letting frustration and defeatism become the drivers of our psyche, are we instead lowering our expectations and finding a lower gear to be satisfied with?

While this seems like a reasonable coping mechanism, can it be sustained or are we just masking the impossible to keep masked?  I call it the “talking in the shower” question.  What are we saying to ourselves in the shower?  Are we really satisfied or are we still asking, “why?” and “what can I do to get out of this mess?”

If you are an HR leader, you have to ask the same questions and do the best you can to put yourself into the minds and hearts of your employees.  Don’t try and fool yourself that everything is okay and that your employees really are more satisfied.  The study of geo-politics will show that many times what seemed okay on the surface was an unrest and dissatisfaction that could not be kept under wraps.

From one HR practitioner to another, let’s be sure that we are doing our jobs and digging for the underlying truth behind employee satisfaction and the real solutions to keeping and retaining top talent.  We’ve got a lot of people counting on us to do so.

Employee Satisfaction Rises; What It Signals For HR Leaders is a post from: Glassdoor Blog

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It’s no secret that the job market has remained tight over the past several months, and so it shouldn’t be too surprising to hear that employees are more pessimistic about their ability to get rehired within this the next six months should they lose their job. In addition, employee concerns about layoffs and pessimism about pay raises have risen to the highest levels since the height of the recession.

Today, Glassdoor released the latest Employment Confidence Survey, conducted by Harris Interactive, and found layoff concerns were up five percentage points this quarter, 22% up from 17% last quarter. In addition, concerns for co-workers layoffs increased four percentage points to 34%.

The survey also showed nearly half (48%) of employees report they do not expect a pay raise in the next 12 months, and nearly one third (31%) of employees and those self-employed believe it is unlikely they would find a job matched to their experience  and compensation levels in the next six months.

However, when employees were asked about their overall job satisfaction, nearly one-third (30%) of employees reported they are more satisfied with their jobs today than one year ago yet one in four (26 percent) say their satisfaction is “worse.”

Last quarter, we noted that men’s expectations for pay raises and company outlook appeared to be improving. Again, we find that men’s optimism is climbing: 40% of men expect a pay increase in the coming year as compared to 32% of women.  Also, men continue to be more optimistic regarding company outlook however the gap between genders is decreasing.  In the second quarter, 42% of men noted they expect their company outlook to be better in the next six months compared to 36% of women. In the first quarter, 50% of men believed their company’s outlook would be better while 28% of women expect outlook to improve.

How do you feel about the job market? Are you looking for jobs more frequently than you did a year ago, worried that layoffs may hit again and/or do you expect to get a salary and compensation increase any time soon?

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Interested in more insights into current employee and job seeker sentiment by age, location and gender? See the complete results for the Glassdoor Employment Confidence Survey.

Employees Report Growing Concern Over Job Security, Pay Raises And Job Market Amid Rising Job Satisfaction is a post from: Glassdoor Blog

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We just released the results of our latest Employment Confidence Survey and found 73 percent of employees expect to leave their job for a new employer in the future, 38 percent expect to leave their job in less than three years, 28 percent expect to do so in less than two years and 14 percent expect to do so in less than one year.

This may be driven by rising optimism around the job market. Among full-time, part-time and/or self-employed adults, 40 percent say they believe it is “likely” they could find a new job matched to their experience and compensation levels within six months if they lost their current job – the highest level in six quarters.

That optimism doesn’t necessarily carry through employee confidence in what’s happening within companies.   While employee confidence in the job market rose in the first quarter, confidence in future job security, pay raises and company outlook remained relatively flat. And while reports of layoffs are  down, 40 percent of employees say their employers made changes to the number of staff, organizational structure, compensation and benefits, or other perks in the past six months. In fact, rates of pay cuts, hiring freezes and job restructurings rose in Q1 from recent quarters.

During the height of the Great Recession, men were hit pretty hard by layoffs and the term “mancession” kept bubbling up online and in conversations. This may be reversing as men now have a lower unemployment rate at 7.8% than the overall national average of 8.9%, according to the Bureau of Labor Statistics. Plus, the Glassdoor survey shows that male employees have higher confidence about pay and their company outlook than their female counterparts. For example, 39% of men expect to receive a pay raise in the next six months compared to 30% of women – overall average was 35%.  This sentiment gap carries through to company outlook with half (50%) of men expecting their company outlook in the next six months to improve compared to just slightly more than one-fourth (28%) of women.

Where you live may also impact your confidence in your job security.  For example, while 17% of workers are concerned they could be laid off in the next six months, concerns are highest among those living in the Northeast (26 percent) and lowest among those in the South (11 percent). More employees (30%) report concerns their coworkers could be laid off yet these concerns are highest among employees in the West (40 percent) and Northeast (38 percent), compared to the Midwest (29 percent) and South (18 percent).

Are you planning to leave your current job in the next year or two? What are your expectations around pay raises? Have concerns about layoffs dimisnished?

_____________________

Interested in more insights into current employee and job seeker sentiment by age, location and gender? See the complete results for the Glassdoor.com Employment Confidence Survey.

One In Four Expect To Leave Job In Next 2 Years, Survey Shows is a post from: Glassdoor Blog

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To shed more light on what is influencing and impacting today’s workforce, Glassdoor has just released the results of its latest Employment Confidence Survey that reveals what those on the front lines, the employees and job seekers, are really seeing and feeling. Below are highlights showing where they are feeling optimistic, unsure and where they’re seeing changes at their company or in their job search.

Starting on a high note…

Employees More Confident in Job Security: After edging up in the third quarter, employee concerns about layoffs dropped in the fourth quarter. Employees concerned that they could be laid off in the next six months decreased to 17 percent, down three points from the third quarter and the year-ago quarter (20 percent). Employee concern for coworker layoffs also dipped slightly in the fourth quarter, with 31 percent reporting concerns their coworkers could be laid off in the next six months.  This comes as December layoff reports reported by Challenger, Grey and Christmas fell to the lowest levels since 2002.

Company Outlook Improves: This past quarter, 42 percent of employees (including those self-employed) reported they expect their company outlook to get better in the next six months, up from 38 percent in the third quarter. Only nine percent expect their company’s outlook to get worse in the next six months, down from 13 percent in the third quarter, and 10 percent in the year-ago quarter. (Interestingly, those in the West are more pessimistic in this area: Twice as many employees in the West (15%) expect their company’s outlook to get worse in the next six months than those in the Northeast (7%) and South (7%).

But as career expert Rusty Rueff notes, “While there are some positive indicators in the labor market, employees are getting mixed signals from their employers and the market.” As a case in point, they survey also found:

Compensation Cuts Continue; Raise Outlook Pessimistic: While employees may feel more confident in keeping their jobs some may be paying the price to do so. One in four (27 percent) of those who reported a change at their company in the second half of 2010 said their own compensation (pay, bonus, etc.) was reduced during the same period. While just one-third (36 percent) expect a raise in the next 12 months. But as a silver lining, those who are bonus eligible, the majority (58 percent) expect a bonus – up one percentage point from the fourth quarter of 2008. We also found some variance between the sexes when it comes to bonuses. Of those bonus eligible, 62 percent of men expect a bonus compared to 53 percent of women.

Health and Dental Benefits Cutbacks Rising: While reports of layoffs and other actions declined or held steady in the fourth quarter, cuts in health and dental benefits are on the rise. This quarter, 28 percent of employees who cited at least some changes reported cuts to their health and dental benefit in the past six months, compared to 22 percent in the third quarter. It is worth noting however that employees did report fewer hiring freezes (24%), bonus cuts (10%) and cuts in perks and subsidies (12%) than in recent quarters.

Interested to read more from the Glassdoor Employment Confidence Report? You can find out more like how confident employees and unemployed are that they could find a job matched to their experience or compensation levels, and how the current state of employment is affecting people of varying ages, geographic locations, click here to read the full report.

What’s going on at your company? Did you get a bonus? Expect a raise? Are you feeling more optimistic, about the same or more pessimistic about the state of the job market?

Employees Mixed On Expectations For 2011 Raises; Reported Layoffs Fall Yet Cuts To Health And Dental Benefits Rise is a post from: Glassdoor Blog

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Jobs Reports Highlights:

Unemployment holds steady yet millions of job opportunities are out there.

According to the Bureau of Labor Statistics unemployment rate holds at 9.6%; while BLS also reports that there are more than 3 million job openings.

Government layoffs were high in September, while hiring in the private sector was weak.

September was the fourth straight month in which the economy has lost jobs. The Associated Press reported:

• Layoffs of government workers, including temporary Census Bureau employees, drove the decline. Most census jobs have already expired, but others have lasted longer.
• In all, the economy shed 159,000 jobs in the public sector, including 76,000 at the local level, most of them teachers. It was the largest cut by local governments in 28 years.
• Private businesses added only 64,000 positions last month, only about half what it takes to keep up with the growing work force.

Housing market woes tie down job seekers and depress unemployment rates.

In another Associated Press article, many of the fast-growing U.S. areas during the housing boom are now yielding some of the biggest income drops in the economic downturn. Nationally, the government reported last month that median household incomes dipped to $49,777, the lowest since 1997, with the sharpest drop-offs in the Midwest and Northeast.

• In a CNN Money interview, Narayana Kocherlakota, president of the Federal Reserve Bank of Minneapolis recently said in a speech that “one of the reasons for the worsening imbalance [between unemployment and job openings] is that so many underwater homeowners who can’t sell their houses are unable to move in search of job opportunities.”

Employees are more pessimistic about job security, pay raises, company outlook and job market.

According to a recent Glassdoor Employment Confidence survey, just 38 percent of employees and self-employed people said that they expected their firm’s prospects to improve in the next six months. Also, as a result of the slowdown that took hold over the summer, the proportion of people who are concerned about being laid off in the next six months rose from 16 to 20 percent.  Further, more employees do not expect a pay raise in the next 12 months than in recent quarters.

If you have questions and are looking for career advice and/or tips on how to improve the effectiveness of your job search, leave a comment below. Glassdoor’s panel of career experts will be happy to respond.

Jobs News Round Up is a post from: Glassdoor Blog

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After five consecutive quarters of declines, employee layoff concerns rose this past quarter to levels not seen since 2009. One in five employees (20 percent) are concerned that they could be laid off in the next six months. Employees are even more worried for their colleagues:  a third of employees are concerned their co-workers will lose their jobs in the next six months.

With layoff concerns growing, it’s not too surprising to find that fewer are expecting a pay raise in the next 12 months (37 percent) than compared to last quarter (40 percent). Employees are also reporting the lowest level of optimism for their company’s outlook since Q2 2009. Slightly less than two in five (38 percent) employees and those who are self employed think their company’s outlook will get better in the next six months, down a whopping seven points from the last quarter.

For job seekers employment prospects don’t seem to be getting any brighter.  Among those unemployed but looking, more than one-third (34 percent) say it is unlikely they will find a job in the next six months, up five points to the highest level since the height of the recession at the beginning of 2009. When employees were asked about the probability of being able to find another job that match their experience and compensation levels, 35 percent said they think it would be unlikely and 28 percent are uncertain.

As Glassdoor career expert Rusty Rueff points out, “Until employees and unemployed job seekers see steady positive changes related to the job market and their bank accounts, it’s unlikely we’ll see stability in employment confidence.”

To put a silver lining around this quarter’s news, the survey did show that fewer employees reported their organizations initiated or communicated plans to reduce or eliminate bonuses (15 percent) than last quarter (19 percent). Plus, there were fewer reported furloughs, unpaid leave, mandatory vacation (17 percent), cutbacks in perks (i.e. commuter subsidies) (16 percent), or job restructings (10 percent).

Interested to read how the current state of employment is affecting people of varying ages, geographic locations, click here to read the full report.

What do you think about claims that the recession has ended? Have you seen or felt improvements in your employment status?

Double Dip In Employment Confidence; Q3 Survey Finds Increase In Layoffs And Pay Cuts is a post from: Glassdoor Blog

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Below are a few highlights:

Career Impact: Three in four (74%) employees say their career has been impacted by the economy in the past two years in the following ways:

Employer Actions: Employees report companies have let up on the layoff throttle in the past six months, but non-headcount cutbacks are rising in areas that can have implications on spending and satisfaction.  Nearly half (45%) of employees¹ reported their employers made changes to the number of staff, organizational structure, compensation and benefits or other perks in the past six months.  While these employees reported fewer instances of layoffs (47%) than in recent quarters, they reported higher rates of compensation cuts and changes (57%), including bonus reductions or eliminations (27%), reductions in health and/or dental benefits (22%) and removal of company perks (i.e., commuter subsidies, 20%).

Job Security: Employee concerns about layoffs declined for the fifth consecutive quarter.  One in six (16%) are concerned about being laid off in the next six months – this is down from 26% a year ago. Nearly twice as many (31%) are concerned coworkers could be let go, which is down from 41% in Q209.

Job Market: Outlook for job market remained flat although those unemployed but looking revealed rising uncertainty that they will be able to land a job within six months (42% are uncertain vs. 32% last quarter) And, 55% of those unemployed and looking have been out of work 6 months or longer.  Among employees, 39% think it is likely they could find another job within six months if they lost their current job, 31% think it is unlikely and 28% are uncertain, which is the same break down as a year-ago quarter.

Salary Outlook: Employees are more optimistic about pay raises than in recent quarters although more employees still think they are not getting a pay raise (43%) in the next 12 months than those who think they are (40%).  This compares to a year ago when 32% expected a pay raise within 12 months and 50% did not. Optimism for pay raises is highest among those who live in the Midwest where nearly half (48%) expect a pay raise compared to 33% in the West and 40% in the Northeast and South.

Company Outlook: Employees are more optimistic about their company’s six-month outlook that they have been in recent quarters.  Nearly half (45%) expect their company’s outlook to improve in the next six months, up from 39% in Q209.  The optimism is again higher among those who live in the Midwest, where more than half (52%) expect their company outlook to improve compared to 38% in the Northeast.

While outlook might be improving, it’s important to keep in mind most employees’ job satisfaction is stagnant (42%) or worsening (27%) compared to a year-ago.  According to Rusty Rueff, Glassdoor.com career and workplace expert, who has run global HR departments at Electronic Arts and PepsiCo, these survey results should be a wake-up call to employers.

“While we’re seeing rising employee confidence in the areas of job security, pay raises and company outlook, it’s important to keep in mind many are still recovering from the effects and turmoil felt and witnessed at companies and in the job market over the past two years,” said Rueff “This is a critical time for employers as employees expectations are rising around pay and other areas. How employers behave and communicate now will certainly influence future satisfaction and impact retention as the economy recovers.”

How is your job satisfaction? What’s your outlook on job security or pay raises? Has your career been impacted by economy?

You can find the full press release and Q2 Employment Confidence Supplement in the Glassdoor Press Room.

Beyond The Jobs Numbers: 3 In 4 Say Economy Has Taken Toll On Career is a post from: Glassdoor Blog

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earlier this year

Of those employed, more than half (51%) believe employees¹ and job seekers would be best served if companies made compensation by job title public according to a recent Glassdoor salary survey, conducted by Harris Interactive². Slightly more than half of men (55%) think this is a good idea, compared to 47% of women. This could be a result of the fact that from September 2008 to January 2010, 4.4 million men lost their jobs compared with 2.3 million women, according to Bureau of Labor Statistics figures.

Also in comparison to those who are employed, nearly two out of three (63%) of those unemployed but looking believe employees and job seekers would be best served if companies made compensation by job title public.

So what can job seekers and employees do in the meantime to find out their salary range? Here are a few pointers:

• Pay it Forward: At Glassdoor, we hold more than 800,000 salary reports for more than 80,000 companies in 100 countries. Take a few minutes to share your current or most recent compensation details to help unlock this information and get access to all these reports – for free.
• Talk About It: Schedule some time to speak with your manager or HR person to find out what your compensation road map will look like. We recently found that more employees are likely to open up to a spouse or best friend which is all fine and good but it’s an HR person or your boss who can actually answer your compensation questions.
• Don’t Wait: As Liz Ryan, a Glassdoor career expert, points out don’t wait to broach the salary topic when you are interviewing. Ryan notes “We can’t wait for an employer to bring up this critical topic – they may not do it! In the worst case, we’re presented with an underwhelming offer for a sum we could never countenance. It’s our responsibility to make sure the surprise-lowball-offer scenario doesn’t come to pass, by clearing the air on the salary front before anybody starts thinking about a job offer.”

Last but not least, more than half of employees (57%) expect a raise, bonus or a promotion should the economy return to pre-recession levels as reported in early April, so why wait to get educated on compensation? Both employees and employers need to figure out now how to become more transparent around salary information and manage expectations to avoid disappointment in the future.

1) For the purposes of this study “employees” were defined as U.S, adults 18+ employed full time and/or part time unless otherwise indicated.

2) Harris Interactive^® fielded the Q1 Employment Confidence study on behalf of Glassdoor.com from March 19-23, 2010 via the QuickQuery^SM online omnibus service among 2,315 adults ages 18 and older of whom 1,225 were employed full time/part-time and 210 were unemployed but looking. Data were weighted using propensity score weighting to be representative of the total U.S. adult population on the basis of region, age within gender, education, household income, race/ethnicity, and propensity to be online. No estimates of theoretical sampling error can be calculated.

Demand Is High For Companies To Reveal Compensation Data; Men Especially Eager To Increase Pay Transparency is a post from: Glassdoor Blog

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