Employees have spoken once again, and our Q4 Employment Confidence Survey*, conducted by Harris Interactive, has found that only 20% are concerned they could be laid off in the next six months – a rate that has fallen for the fourth consecutive quarter. Only 13% of those employees who work for companies that haven’t had or communicated layoffs are concerned about being laid off compared to 37% who work for companies that have initiated or communicated layoffs.
The employment picture isn’t so rosy for co-workers, however. Nearly 40% are concerned their co-workers could get laid off in the next six months, a slight increase from Q3. And Baby Boomers are the least optimistic – almost half of those 45-54 (49%) are concerned about getting laid off.
Employees are optimistic when it comes to their company – 9 out of 10 believe their company’s outlook will stay the same or get better in the months ahead.
Employee expectations for pay raises and bonuses have also edged up in this quarter. More than one-third expect a pay raise in 2010, up slightly from Q3. Salary confidence is higher among men (41%) than women (30%) when it comes to receiving increased pay and more than twice as many men aged 45-54 (47%) than women of the same age (22%) expect pay increases in next 12 months.
And what about a bonus? The Glassdoor survey found that:
- Slightly more employees said they were bonus eligible in the fourth quarter (73%) than in the third (69%).
- Of those eligible, 65% say they expect a bonus while 35% do. Of those expecting a bonus, 24% expect their next bonus to be the same and 11% expect it to be more than their last bonus while 13% expect it to be less and 10% are unsure. By comparison in Q309, 62% expected a bonus and 34% did not and, in Q408, 57% said they expected a bonus while 40 percent did not.
- 46% of those who live in the West do not expect a bonus, compared to 33% in the Northeast, 28% in the Midwest and 35% in the South.
- Men have greater bonus expectations than women: only 31% do not expect to receive a bonus for which they are eligible, compared to 40% of women.
- If you work for a company that has had layoffs, you are twice as likely to expect a lower bonus (20%) than those who work for companies that have not initiated or communicated layoffs (10%).
What do you think? Do you feel better today than you did six months ago? Do you think you’ll be making more in your job in six months, or get the full bonus you’ve been promised?
* Based on a survey of 2,257 adults ages 18 and older of whom 1,237 were employed full time/part-time.