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Survey: Employee Confidence Falters

July 06 2011

Employee confidence related to job security, pay raises and the job market slipped to recessionary levels, though job satisfaction edged up, according to Glassdoor’s second-quarter employee confidence survey.

Twenty-two percent of employees are more concerned about potential layoffs in the next six months, up from 17 percent and the highest level since the third quarter of 2009.

Meanwhile, 31 percent of workers believe it is unlikely they would be able to find a job matched to their experience and compensation levels in six months if they lost their current job, up four points from the first quarter. Those who believe it is “likely” they could find a job has edged down to 39 percent, compared to 40 percent in the first quarter of 2010, while 28 percent are “uncertain” they could find a job.

Job satisfaction edged up, though, with nearly 30 percent of workers reporting they are more satisfied in their jobs today than one year ago, up from 26 percent who said so last year.

“It’s clear that the psyche of American workers has been measurably shaken as a result of recent discouraging economic reports. While company layoffs have abated in recent months, employees may be preparing themselves for what they think will be another round of belt-tightening if the economy doesn’t improve,” said Rusty Rueff, Glassdoor career and workplace expert.

More than 2,200 U.S. adults were polled for the survey. Glassdoor is a job search website.

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