With the recent announcement of President Obama’s new TechHire program, on-the-job skills training is under the microscope. In fact, Glassdoor’s Q1 2015 Employment Confidence Survey¹ explores employee sentiment around skills training and found that socioeconomic status, such as income, gender and education, impacts employees’2 and job seekers’ access to on-the-job training, contributing to a skills gap in America.
In addition, the quarterly Glassdoor survey explores four key employment confidence indicators: salary expectations, job market optimism, company outlook and job security. Plus, this quarter’s survey not only reveals employee sentiment around on-the-job training, but it also uncovers the types of training received.
Skills Training Gap Exists Between Socioeconomic Groups
When it comes to income, education and gender, there are significant differences between the amount of access these socioeconomic groups have to on-the-job skills training from their employers. Nearly 3 in 4 (73%) employees earning higher household incomes ($100,000+) report receiving on-the-job training in the past 12 months, more than employees whose household incomes are less: $75,000-99,999 (57 percent), $50,000-74,999 (58 percent), less than $50,000 (57 percent). In addition, employees who have received more education also report receiving more on-the-job training, as 70% of employees with college degrees report receiving on-the-job training in the past 12 months, compared to 56% of employees with some college education and 58% of employees with or without a high school diploma. Further, more men (66%) than women (57%) have received skills training in the past year.
“As the national conversation heats up around the need for greater skills training opportunities, the Glassdoor survey underscores the importance of making sure skills training is available equally to all socioeconomic groups in the country,” said Rusty Rueff, Glassdoor career and workplace expert. “Job market confidence in the U.S. is high, and in order for us to grow and harness the favorable economy, we must make sure our workforce has the information and access to training needed to advance their careers, companies and industries.”
Salary Expectations at a New High
Employees may soon be asking for more money as 45% of employees expect a pay raise or cost-of-living increase in the next 12 months, reaching a new six-year high since this question was first asked in Q1 2009, and up 2 percentage points since last quarter (43%). Pay raise confidence is higher among men (50%) than women (40%). And, 37% do not expect a pay raise, unchanged over the past two quarters, while 18% don’t know. Employees with a college degree or more are significantly more optimistic (53%) in receiving a pay raise than those with a high school diploma or less (36%).
Job Market Confidence Remains High & Steady
As more employees are expecting a pay raise in the next 12 months, employee confidence in the job market remains high and steady. Half (48%) of employees (including those self-employeed) are confident in their abilities to find a job matched to their experience and compensation levels in the next six months – this is consistent with last quarter’s six-year high since this survey question was first asked in Q1 2009. Of those unemployed but looking for a job, rehire confidence is also at a six-year high, with 47% optimistic they will be able to find a new job in the next six months. Thirty percent of employees (including those self-employed) don’t know if they’ll receive a pay raise in the next 12 months, and 21% believe it is unlikely.
Business Outlook Optimism Reaches Highest Level in Two Years
At a new two-year high since Q4 2012, 47% of employees (including those self-employed) believe their company’s business outlook will improve in the next six months, up 4 percentage points from last quarter. Seven percent believe it will get worse, while 46% believe it will stay the same. Men are more optimistic (52%) than women (40%) that their company’s business will get better in the next six months.
Check out more from our Q1 2015 Glassdoor Employment Confidence Survey, including our survey supplement which provides a detailed quarter-by-quarter breakdown of results.
1 The Q1 2015 survey was conducted online within the United States by Harris Poll on behalf of Glassdoor from March 19-23, 2015 among 2,024 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact firstname.lastname@example.org
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.