SAUSALITO, Calif. – (July 6, 2012) – As the unemployment rate steadies near eight percent, reports of layoffs among employees¹ have declined. According to the Glassdoor® quarterly Employment Confidence Survey², of 2,208 U.S. adults aged 18+ conducted online on its behalf by Harris Interactive, fewer employees (38 percent) whose organizations have communicated negative changes reported layoffs or plans for layoffs in the past six months, a low since this survey began in Q4 2008. In addition, employees concerned that coworkers could be laid off in the next six months fell four percentage points to 29 percent, whereas personal layoff concerns remained at 19 percent.
While layoff concerns may be subsiding, employee optimism in pay raises dropped slightly since last quarter to 40 percent. Interestingly, the gender gap is closing around expectations for a pay increase over the next 12 months. Men’s optimism has dropped five percentage points since last quarter to 40 percent, while women increased to 41 percent.
Unemployed job seekers are also reporting greater optimism this quarter about their prospects of finding a job. Nearly half (42 percent) of unemployed job seekers believe it is likely they will find a job in the next six months, up six points from the previous quarter and a high since Q1 2009. However, employees (full time, part time and/or self-employed) are less optimistic as 37 percent believe they could find a job, matched to their experience and compensation levels, in six months if they lost their current position.
“While the average number of new unemployment claims has modestly decreased as of late, which is one of several attributes that can lead to greater job seeker confidence, the question now is ‘Are Americans believing this summer’s unemployment line will be shorter?’” said Rusty Rueff, Glassdoor career and workplace expert, who ran global HR departments at Electronic Arts and PepsiCo before co-authoring Talent Force: A New Manifesto for the Human Side of Business. “Jobs and unemployment levels will continue to be among the primary concerns for Americans, and we can expect, as we near the November election, more questions from voters as to what it will take to reach a state of greater employment stability and confidence.”
Highlights from the latest quarterly Glassdoor Employment Confidence Survey are summarized below. The survey looks at four key indicators of employee confidence in the areas of pay raises, job market expectations, company outlook and job security.
Pay Raises: Closing the Gender Gap – 41% of Women and 40% of Men Expect Pay Increase
Job Market: Unemployed Job Seekers Increase Optimism in Job Search
Company Outlook: Employee Optimism Holds Steady
Job Security: Concerns Over Coworker Layoffs Drop, While Personal Layoff Concerns Level Off
For more details and methodology of the survey, please see the full Q2 2012 Glassdoor Confidence Survey Supplement: http://www.glassdoor.com/press/surveys.
NOTE TO WRITERS/PRODUCERS: Graphics and a full quarter-by-quarter supplement of the survey, including an overview and highlights, are available. Please contact pr [at] glassdoor.com for more information.
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 This survey was conducted online within the United States by Harris Interactive on behalf of Glassdoor between June 12 and 14, 2012 among 2,208 adults (aged 18 and over), of whom 1,338 are employed full time, part time and/or are self-employed, 1,186 are employed full time and/or part time and 205 are unemployed but looking. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For a full methodology including weighting variables please contact pr [at] glassdoor.com.
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 custom and syndicated 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 syndicated 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 and a network of global partners, 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.
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