TOP WORK-RELATED RESOLUTIONS FOR 2014 INCLUDE: PAY RAISES, NEW JOB SEARCHES & LEADERSHIP SKILL DEVELOPMENT
Glassdoor Survey Shows Employee Pay Raise Optimism Climbs, Business Outlook Steadies and Layoff Concerns Continue to Hold at Lowest Level in Nearly Five Years
SAUSALITO, Calif. (January 10, 2014) – Approximately one in three employees1 (32 percent) report pay raises to be among their top work-related resolutions for 2014, according to the Glassdoor Q4 2013 Employment Confidence Survey.2 Looking for a new job (22 percent) and developing leadership skills (20 percent) are also among the top work-related resolutions for the year. Other top resolutions for the New Year focus on personal improvement and welfare, including one in five (20 percent) employees reporting they plan to take or use all the vacation days they have earned, up seven percentage points from the year prior. In addition, nearly one in five (19 percent) say they want to attend work-related training, up three percentage points from last year. Managers may also want to beware, as three percent of employees admit they want to help get their boss or supervisor fired in 2014.
This quarter’s survey asked employees, including those self-employed, about their job search expectations over the next three years, assuming the economy stays the same or improves. Nearly one in five (17 percent) employees say they would consider looking for a new job in the next three months, approximately one in three (32 percent) say they will consider job hunting in less than a year, seven percent say in the next one to two years and six percent say three or more years.
“Employees are beginning to feel more sure-footed in the economy and the job market, and in turn are hopeful and more confident about their chances of seeing their compensation rise. They are also feeling less fearful and are looking forward to taking a breather and taking time out to go on vacation,” said Rusty Rueff, Glassdoor career and workplace expert. “If economic and business news continue to show signs of furthering stability, we will undoubtedly begin to see greater employee confidence, which will in turn catalyze more movement within the employment pool.”
The Glassdoor survey, conducted online by Harris Interactive, evaluates four key indicators of employee confidence each quarter: business outlook optimism, salary expectations, job security, and job market optimism/re-hire probability.
Employee optimism around their company’s business outlook has steadied over the past few years. According to survey results, nearly one in two employees (48 percent), including those self-employed, expect their company’s business outlook to stay the same in the next six months, while 42 percent expect their company’s business outlook to improve, up two percentage points since last quarter, and ten percent expect it to get worse.
More than two in five (42 percent) employees expect a pay raise in the next twelve months, a high in nearly two years. Employees in the Northeast (49 percent) are more optimistic than employees in the West (36 percent) about a pay raise in the next year.
Employees concerned over being laid off (15 percent) holds steady since last quarter, remaining at its lowest in five years. However, when it comes to concerns over others being laid off in the next six months, more than one in four (27 percent) employees are concerned, up three percentage points from last quarter.
When employees were asked if they could find a job matched to their experience and current compensation levels should they lose their current job, two in five employees (41 percent), including those self-employed, believe it is likely they could within the next six months. More than one in three (35 percent) unemployed job seekers believe they could find a job in the next six months matched to experience and compensation levels, down three percentage points from last quarter.
SURVEY SUPPLEMENT & GRAPHICS AVAILABLE: For more details including breakdowns of survey results by age, gender and location as well as quarter-by-quarter survey results, please see the full Q4 2013 Glassdoor Employment Confidence Survey Supplement: http://www.glassdoor.com/press/surveys. Survey graphics also available on request. To request the survey supplement, graphics and/or complete survey methodology, please contact pr [at] Glassdoor [dot] com.
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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.
Glassdoor is the world’s most transparent career community that is changing the way people find jobs and companies recruit top talent. Founded in 2007, Glassdoor offers members the latest job listings, as well as access to proprietary user-generated content including company-specific salary reports, ratings and reviews, CEO approval ratings, interview questions and reviews, office photos and more. Members also have the ability to see Inside Connections™ at particular companies via their Facebook network. In addition, thousands of employers are using Glassdoor’s Talent Solutions to support their recruiting and employment branding efforts. Glassdoor is backed by Benchmark, Sutter Hill Ventures, Battery Ventures, DAG Ventures, Dragoneer Investment Group and Tiger Global. Glassdoor’s mobile app is available on iOS and Android platforms. More information about Glassdoor can be found on the Glassdoor Blog, Glassdoor Talent Solutions Blog and by following the company on Twitter, Facebook, Google+ and LinkedIn.
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