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Employees are sending a clear message this holiday season: they expect a bonus and they want it to be cold, hard cash. And forget the holiday party, even with an open bar.
A new survey by Harris Interactive®[i] finds that the majority of employees say they would prefer a cash bonus this year (72 percent), followed by a salary raise (62 percent) and additional paid time off (32 percent).
More than 100 years ago when Labor Day was first created, it was built on the idea that this day would recognize and honor America’s workforce. Today, however, according to a recent Glassdoor survey, more Americans (59%) believe it symbolizes the end of summer, a day off (47%), and a time to be with family and friends (43%) rather than a celebration of American workers (41%). One in 10 thinks the holiday means nothing at all. And nearly one in five says it means the start of football season.
Extravagant office holiday parties? Sayonara. Unexpected expensive gifts? Those days are gone for now. Workplace gift exchanges among employees? This year, not so much.
Glassdoor released the findings from its holiday workplace survey today which highlights how those employed, affected by layoffs or other cost-cutting measures, and unemployed plan to tackle gifts, parties, travel and all that the season brings with it. As part of the Glassdoor survey of more than 2,250 people, we wanted to find out: What do people plan to cut back on this season compared to a typical holiday season? Bottom line: people are reducing gift budgets and plans to attend holiday parties and travel, even more so among employees who work for companies that have initiated or communicated layoffs in the past six months, which accounts for 27% of employed adults (1). Survey highlights include:
Gift Budgeting: More than half (52%) of those whose company has laid off or communicated layoffs in the past six months plan to cut back on budgets for gift purchases, compared to 40% of all employed adults.
Gift Exchanges: Gift exchanges will either be less common or less pricey: 28% of employed adults plan to cut back on gift exchanges with co-workers; whereas, ...
We’ve all felt stress at work; however, in today’s environment, many are dealing with a whole new kind of stress that stems from rising unemployment and a competitive job market. According to the Bureau of Labor, unemployment in May was at 9.4%, and we’ll find out tomorrow if June looked any better. Harris Interactive¹ recently conducted a survey on behalf of Glassdoor.com that found two out of three people (69%) questioned are seeing that same work stress begin to affect other areas of their life, including relationships with family, friends and even their health.
We reviewed how stress between those employed² and unemployed varied, and documented in the chart below the specific areas that are impacted as a result of work or finding work. The largest differences between employed and unemployed are the effects on relationships with friends and family, and the fact that people have less time to enjoy things outside of work and find less excitement in things they typically enjoy.
Glassdoor Report: Stress Evaluation
What areas of your life has stress affected either due to work or finding work?
Employed
Not Employed but Looking
Relationships
38%
43%
Lower self-esteem / confidence
18%
41%
Physical and/or emotional symptoms
36%
38%
Less excitement about I typically enjoy
29%
40%
Less time to enjoy things important to me outside ...
Today’s report on job numbers from the Bureau of Labor Statistics should come as no surprise to those following the news of layoffs closely. March marks the 15th consecutive month of job losses as unemployment rate rose to 8.5%, from 8.1% in February. With these new numbers, there are now 13.2 million people unemployed in the U.S.; that’s 16% of the population currently looking for a job. (If you’re one of those looking for work, check out Glassdoor.com’s career expert Rusty Rueff’s tips on competitive interviewing).
These ever-rising numbers, however, don’t seem to have the majority of workers worried about their own jobs. According to a recent survey we released yesterday, only 1 in 4 (26%) are concerned they may lose their jobs in the next 6 months. Are workers simply optimistic that things will get better, or is there a bit of denial taking place? While the government believes the unemployment rate will cap at 8.8%, others believe it’s more likely to reach 10% before things begin to turn around, which many believe will not happen until 2010.
At Glassdoor, we’ve certainly seen ...
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