Taking the pulse of employed and hope-to-be employed workers finds continued pay and benefit cuts, consistent organizational changes, and general fear of economic stability.
Based
on economic analysis from government officials, the recession ended in June
2009, but don't tell that to folks with or without a full-time job right now.
Worker and would-be worker sentiment is lousy.
Workers
have seen benefits reduced, continued layoffs, and pay and benefit cuts, and
are not feeling all that positive about their employers or their prospects for
pay raises, according to a third-quarter report from Glassdoor.com, which
surveyed 2,400 employees in the United States.
"It's
clear employees have yet to see the recovery trickle down for their own
benefit, and continued layoffs, lost pay and benefits, and other types of
cutbacks are furthering their uncertainty," said Rusty Rueff, Glassdoor's
resident career expert, who headed human resources for PepsiCo. and Electronic
Arts, in a statement. "While employment confidence edged up in the second
quarter, we've now regressed despite reports the recession ended last
year."
Look
at these statistics on why employees have less than positive feelings about
their jobs, their companies and their job options right now:
- 45 percent reported
organizational changes that decreased the number of people on staff;
- 56 percent reported pay cuts at
the company;
- 28 percent reporting they had
salaries reduced in the last six months;
- 20 percent are worried about
layoffs for themselves;
- 30 percent are concerned that
co-workers will be laid off;
- 38 percent do not think their
company's financial outlook will improve;
- 34 percent of unemployed do not
think they will find commensurate work or pay; and
- 35 percent of currently
employed workers do not think they would find equivalent work or pay if
they lost their job
"Unemployed
job seekers have also grown more pessimistic in the last quarter," said
Rueff. "Until employees and unemployed job seekers see steady positive
changes related to the job market and their bank accounts, it's unlikely we'll
see stability in employment confidence, which is a significant indicator of
consumer confidence."
Job
openings in September rose by
15,600 for
tech-related occupations based on monthly online job vacancy data compiled by the
non-profit business organization The Conference Board. Tech job openings gained
the most of any industry, according to that report.
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