q4 2012 employment confidence survey - glassdoor
TRANSCRIPT
Q4
HIGHLIGHTS
Job Search Activity • Half (51%) of employees (including those self-employed) will
consider looking for a new job, if the state of the economy stays the same or improves.
• One in three (33%) will consider looking for a new job in less than a year and nearly one in five (18%) plan to look for a new job in the next three months.
Influential Recruitment Factors• Three in four (73%) employees
(including those self-employed) and job seekers say that salary and compensation is the most important factor that influences their decision on whether or not to accept a job offer, followed by location/commute (55%) and career growth opportunities (30%).
• Employees and job seekers report that company reputation (17%) and company values (16%) are among the most influential factors when evaluating a job offer.
• Women report the following job factors to be more influential when evaluating a job offer, when compared to men: salary (women: 77%, men 69%), location/commute (women: 61%, men 49%) and company values (women: 21%, men: 12%).
Q4 2012 Employment Confidence Survey
OVERVIEWThe Glassdoor® quarterly Employment Confidence Survey¹, conducted online by Harris Interactive, monitors four key indicators of employee confidence: job security, company outlook, salary expectations, and re-hire probability. For purposes of reporting, employees refers to those employed full or part-time unless otherwise noted.
This quarter’s survey also includes insights into when employees will consider looking for a new job within the next 12 months, assuming the economy stays the same or improves. In addition, the survey includes insights from employees and job seekers on what factors are most influential when deciding whether or not to accept a job offer.
INDICATOR
EMPLOYMENT CONFIDENCE HIGHLIGHTS - Q4 2012
Q4.12 % CHANGELayoff concerns – self
Layoff concerns – others
Salary expectations – pay increase in 12 months
Company outlook – better
Re-hire probability (employed)
17%
30%
40%
40%
41%
no change
no change
2
1
8
EMPLOYMENT CONFIDENCE HIGHLIGHTS - Q4 2012
In the next3 monthsNever
Don’t know/ not sure
3 or more years from now
In the next1-2 years
In the next7-12 months
In the next4-6 months
18%17%
33%
8%9%
9%
7%
CONSIDER LOOKING FOR A NEW JOB
MOST INFLUENTIAL JOB FACTORS WHEN EVALUATING A JOB OFFER
Q4
• For more mature employees, location and commute are more influential when evaluating a job offer; 42% of those 18-34 years old chose location and commute as a top priority compared to 57% of 35-44 year olds, 64% of 45-54 year olds and 64% of those 55+.
Employer Actions • Forty-three percent of employees reported their company made changes to the number of staff, organizational
structure, compensation and benefits, or other listed activities in the past six months, a three percentage point decrease from last quarter.
Of those employees who reported a positive change at their organization:
• Two in three (65%) were awarded new perks (option to work remotely, casual dress, flexible work hours) and/or new stock; an all-time high since we started tracking in Q2 2011 and the third consecutive quarter to increase.
• One in four (25%) report their company conducted large scale hiring, however this is down eight percentage points from 33% last quarter.
• One in five (22%) report their company restored health and dental benefits, pay and perks that had been previously cut; also down eight percentage points since last quarter and an all-time low since we started tracking in Q2 2011.
Of those employees who reported negative changes at their organization:
• Forty-seven percent reported changes or a reduction in compensation; a seven percentage point decrease from last quarter and an all-time low since we began tracking in Q1 2009.
Made changes or reduced compensation (net)
Reduced individual’s pay/bonus amount/didn’t pay bonus
Initiated or communicated bonus reductions or eliminations
Laid off employees and/or communicated plans to lay off employees
Reduced health and/or dental benefits
Initiated or communicated hiring freezes
Restructured job/created redundancy
Initiated furloughs, unpaid leave, mandatory vacation
Took away perks, such as commuter subsidy
59
28
13
38
14
21
15
11
14
52
28
10
40
26
24
13
13
16
50
25
17
48
17
26
11
18
15
52
26
10
50
18
22
14
15
10
58
28
13
40
24
29
20
19
15
52
29
17
43
23
34
17
14
16
52
27
10
46
28
24
11
17
16
56
28
15
51
22
30
11
17
16
57
27
19
47
22
32
17
19
20
55
28
14
47
17
34
17
18
16
50
28
15
57
17
43
10
20
17
55
30
16
54
13
44
16
23
22
60
31
21
58
14
41
19
18
16
54
28
18
57
15
43
12
14
19
N/A
N/A
26
54
16
45
16
N/A
18
Q2.12%
Q1.12%
Q4.11%
Q3.11%
Q2.11%
Q1.11%
Q4.10%
Q3.10%
Q2.10%
Q1.10%
Q4.09%
Q3.09%
Q2.09%
Q1.09%
Q4.08%
54
32
9
45
17
23
16
17
10
Q3.12%
47
25
9
43
24
22
14
13
11
Q4.12%
CUTBACKS (Base: employees who say their company has changed something negative in the past 6 months.)
Awarded new perks (option to work remotely, casual dress, flexible work hours)/new stock
Awarded new stock or other compensation
Initiated large scale hiring
Restored health and dental benefits, pay and perks previously cut
50
22
25
44
40
23
25
40
51
16
31
38
55
21
38
35
44
27
46
37
Q2.12%
Q1.12%
Q4.11%
Q3.11%
Q2.11%
61
24
33
30
Q3.12%
65
22
25
22
Q4.12%
ADDITIONS (Base: employees who say their company has changed something positive in the past 6 months.)
Q4
Job Security • Employees concerned about being laid off
in the next six months holds steady at 17%.
• Employees in the Northeast (22%) were significantly more concerned about being laid off when compared to those in the Midwest (12%). The West (16%) and the South (18%) fell in the middle of the two regions.
• Employees concerned about coworkers being laid off in the next six months has increased slightly this quarter to 30%, up two percentage points from last quarter.
• Concerns over coworker layoffs were the highest in the Northeast (33%) and the South (32%), compared to the West (24%). Note, the Midwest (29%) fell in the middle.
Company Outlook • Nearly half (48%) of employees
(including self-employed) expect their company’s outlook to be the same (neither better nor worse) in the next six months; an eight percentage point increase from last quarter.
• On the other hand, 40% believe their company’s business will perform much or somewhat better in the next six months; a low since Q4 2011.
• Those in the South (44%) and the West (44%) are more optimistic about their company’s future, compared to the Midwest (33%). Note, the Northeast (39%) fell in the middle.
• Men (46%) were significantly more optimistic than women (33%) about their company’s performance in the next six months.
Employees Concerned About Layoffs in Next 6 Months (Base: Employed full/part-time)
33% Better10% Worse56% Same
46% Better14% Worse40% Same
Company Outlook: Next 6 Months (Base: Employed full/part-time, self-employed)
Q4
Salary Expectation • Forty percent of employees expect to
receive a pay raise or cost-of-living increase in the next 12 months; 39% do not and 21% are not sure.
• Almost half (48%) of employees 45-54 years old do not think they will get a pay raise or cost-of-living increase in the next 12 months, compared to 35% of 18-34 year olds and 35% of 35-44 year olds. Note 38% of 55+ do not think they will get a pay increase in the next year.
Job Market: Re-Hire Probability• Employee expectations surrounding
their ability to find a job matched to their experience and current compensation levels in the next 6 months remains unchanged from last quarter at 41%.
• Those unemployed but looking for work are slightly more optimistic this quarter as 37% believe they can find a job matched to experience and compensation levels in the next 6 months; a three percentage point increase from last quarter.
METHODOLOGY¹This survey was conducted online within the United States by Harris Interactive on behalf of Glassdoor from November 27-29, 2012 among 2,249 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 Samantha Zupan or Melissa Tracy at [email protected].
37% Yes
43% No
19% Don’t Know
43% Yes
34% No
22% Don’t Know
Salary Expectation: Expect pay or cost-of-living increase in the next 12 months (Base: Employed full/part-time)
Those employed are optimistic that if they lost their job they would be very or somewhat likely to find a new one in less than 6 months
Age18-3435-4445-5455+
Percent44%43%37%36%
JOB MARKET: RE-HIRE PROBABILITY Question: Ability to find job matched to experience
and compensation level in next 6 months Answer: Very likely (or) somewhat likely