NEW SURVEY REVEALS OBAMA HAS THE CLEARER VISION FOR JOB CREATION AND LOWERING UNEMPLOYMENT, ACCORDING TO EMPLOYED ADULTS AND UNEMPLOYED JOB SEEKERS
Employees Sound Off on Employment-Related Priorities for Next President; Q3 Employment Confidence Rises in Company Outlook, Job Market and Job Security, Despite Rising Pessimism Regarding Pay Increases
SAUSALITO, Calif. (October 3, 2012) –As the unemployment rate continues to hover around 8 percent, employed U.S. adults and unemployed job seekers agree that President Barack Obama is the candidate with the clearer vision to create jobs and lower the unemployment rate. According to the Glassdoor® Q3 Employment Confidence Survey1, conducted online by Harris Interactive on their behalf among 2,339 U.S. adults among whom 1,543 are employed or job-seeking, more than half (51 percent) of employees² (including those self-employed) and unemployed job seekers, believe Obama has a clearer vision for jobs creation and lowering unemployment, than Republican presidential candidate Mitt Romney (35 percent) or other candidates (14 percent).
Two-thirds (66 percent) of employees (including those self-employed), and the unemployed but looking, think creating new jobs in the public and private sectors should be the President’s top job- and career-related priority. Other top priorities, broken down by gender, age, and employment status, are:
- 66% – Create more jobs in private and/or public sectors
- 52% – Create more jobs focused on innovation technology and/or energy
- 46% – Provide education assistance
- 42% – Retraining programs for the long-term unemployed
- 41% – Develop job training programs
- 36% – Equal pay for men and women
- 28% – Cut business taxes
- 24% – Extend unemployment benefits
- 9% – Other
Coinciding with the election-related opinions about employment issues, employees also reveal rising confidence in terms of their company’s business outlook, the job market and job security over recent quarters, although optimism regarding pay increases has retreated from last quarter.
“As we continue to rebuild the economy and pull away from the hard times of the Great Recession, employees are becoming more confident that their jobs are no longer in danger of being cut. However, employees still feel uncertain about their future earning potential,” said Robert Hohman, Glassdoor founder and CEO. “This survey goes beyond politics and party affiliations — it gets at the heart of what the American workforce believes will lead the U.S. to a healthier state of employment and which candidate they feel can lead us to better times.”
Highlights from the latest quarterly Glassdoor Employment Confidence Survey are summarized below.
Company Outlook: Employee Optimism Hits All-Time High; Men More Optimistic
- Almost half (48 percent) of employees, including those self-employed, believe their company outlook will be better in the next six months — marking the highest it has been in the past three and a half years. Forty percent believe their company outlook will stay the same in the next six months, while 12 percent expect it will get worse.
- Men (53 percent) continue to be more optimistic than women (42 percent) about their company’s outlook improving in the next six months.
Job Market: Optimism Rises Among Employed, Retreats for Unemployed
- Employees report they are more optimistic about the job market. In the third quarter, 41 percent of employees (including those self-employed) believe it is likely they would be able to find a job matched to their experience and compensation levels within six months if they lost their current job, up four percentage points from the second quarter; 29 percent of employees believe it is unlikely, while another 29 percent are uncertain.
- Among unemployed job seekers, pessimism rose to its highest level in three quarters with nearly one in three (31 percent) of those unemployed but looking reporting they believe it is unlikely they will find a job in the next six months. This climbed seven percentage points from the second quarter (24 percent). Slightly more (34 percent) unemployed job seekers think it is likely they will find a job in six months, although this percentage has dropped eight points from last quarter (42 percent), while 31 percent are uncertain.
Job Security: Layoff Concerns Continue to Decrease, More Concerned
- Employee optimism about job security continues to increase as concerns about being laid off in the next six months dropped to 17 percent, a decrease of two percentage points from the prior quarter (19 percent), and down nine points from a high of 26 percent in the first quarter of 2009.
- Employed men (21 percent) continue to be more concerned about being laid off than employed women (13 percent).
- Concerns over co-worker layoffs remain higher than personal layoff concerns; 28 percent of employees report they are concerned co-workers could be laid off in the next six months, although this has dipped to a low since the last quarter in 2011.
Pay Raises: Pessimism Regarding Pay Highest in Four Quarters
- After two positive quarters, employees reveal rising pessimism regarding future pay or cost-of-living increases. Forty-one percent of employees report they do not believe they will receive a pay or cost-of-living increase in the next 12 months, up four points from last quarter (37 percent), while 39 percent believe they will receive a pay or cost-of-living increase and 20 percent are uncertain.
- The gender gap widens as men’s optimism for a pay increase in the next 12 months increases slightly to 43 percent, while women’s optimism has dropped seven percentage points since last quarter to 34 percent.
For more details and methodology of the survey, please see the full Q3 2012 Glassdoor Confidence Survey Supplement: http://www.glassdoor.com/press/surveys.
NOTE TO WRITERS/PRODUCERS: Graphics and a full quarter-by-quarter survey supplement are available. Please contact pr [at] glassdoor [dot] com for more information.
2 For the purposes of this study “employees” were defined as U.S. adults 18+ employed full time and/or part time unless otherwise indicated.
Glassdoor is the leading social jobs and career community that helps employees, job seekers, employers, and recruiters find and share detailed information about specific jobs and companies across the globe. Users have the ability to leverage their Facebook network to uncover Inside Connections at a company, see the latest job listings, as well as get access to proprietary user-generated content including salary reports, company reviews, interview questions and reviews, office photos and CEO approval ratings. Glassdoor, founded in 2007 and headquartered in Sausalito, Calif., is backed by Benchmark Capital, Sutter Hill Ventures and Battery Ventures. More information about Glassdoor can be found on its blog, and by following the company on Facebook, Twitter and LinkedIn.
Glassdoor.com is a registered trademark; Inside Connections and JobScope are trademarks of Glassdoor, Inc.
About Harris Interactive
Harris Interactive is one of the world’s leading market research firms, leveraging research, technology, and business acumen to transform relevant insight into actionable foresight. Known widely for the Harris Poll® and for pioneering innovative research methodologies, Harris offers proprietary solutions in the areas of market and customer insight, corporate brand and reputation strategy, and marketing, advertising, public relations and communications research. Harris possesses expertise in a wide range of industries including health care, technology, public affairs, energy, telecommunications, financial services, insurance, media, retail, restaurant, and consumer package goods. Additionally, Harris has a portfolio of multi-client offerings that complement our custom solutions while maximizing our client’s research investment. Serving clients in more than 215 countries and territories through our North American and European offices, Harris specializes in delivering research solutions that help us — and our clients — stay ahead of what’s next. For more information, please visit www.harrisinteractive.com.