Glassdoor Releases Q3 Employment Confidence Survey

Glassdoor.com released its Employment Confidence Survey for the third quarter and the results are interesting. Some highlights:

Employees reveal rising confidence in their company outlook, the job market and job security during Q3 2012, although optimism has decreased regarding pay increases from last quarter.

  • Layoff Concerns Down: 17% of employees (full/part) believe they may be laid off in the next six months; 28% believe their co-workers may be laid off in the next six months
  • Company Outlook Improves: 48% of employees (full/part/self) believe their company’ outlook will improve in the next six months (an all-time high since Q1 2009); Men (53%) are more optimistic than women (42%)
  • Salary Increase Expectations Waning: This quarter expectations for a salary or cost-of-living hover around the same as last quarter; 39% of employees (full/part) expect a pay increase, whereas 41% do not
  • Job Prospects Up: 41% of employees (full/self/part) believe it is likely they could find a job in the next six months, if they lost their current position, matched to their current experience and compensation levels; The younger workforce is more optimistic, both those 18-34 years old (48%) and those 35-44 (48%) feel they could find work, compared to 37% of those 45-54 and 27% of those 55+