Feeling confident about your job is one of the most important aspects of being employed. Having confidence in your job means you’re more likely to feel financially, and professionally secure, you’re also likely to perform well in your job role and feel assured of your job’s longevity.
Glassdoor recently conducted a UK Employee Confidence Survey, over 2,000 full-time and part-time UK employees were surveyed in relations to the following four key factors of employee confidence:
- Re-hire Probability
- Company Outlook
- Salary Expectations
- Job Security
This quarterly survey has yielded lots of interesting results which include how confident employees are about their salary expectations over the next 12 months, the findings are as follows:
- Male employees (42%) have more pay rise confidence than female employees (24%)
- Geographically, pay rise confidence amongst London employees (24%) is significantly lower than employees in the South East (40%) East (43%) of England.
- 34% of employees are expecting to receive a pay rise over the next year.
Additional findings of this survey include how employees felt about the probability of being re-hired within the next 6 months if they lost their current job:
- Employees aged between 16-34 years old felt confident (36%) about finding similar jobs.
- Self-employed people (35%) felt very confident in their ability to find new jobs.
- Part-time employees (23%) felt less confident about being able to find another job in 6 months, whereas full-time employees (32%) felt much more confident about securing another job.
- Geographically, Welsh employees (42%) are the most confident about finding new jobs.
- 30% of employees that were surveyed which includes individuals who are self-employed stated optimism in regards to being able to find alternative employment.
Employees were also surveyed in regards to how they felt about improvements in their current company’s business outlook over the next 6 months. The results are as follows:
- 39% of male employees that were surveyed felt more confident than female employees (28%) about their company’s business outlook.
- 56% of employees that were surveyed believe their company’s business outlook will remain the same.
- 10% of employees that were surveyed believe that their company’s business outlook will continue to get worse.
- 34% of employees (including self-employed individuals) that were surveyed believe their company’s business outlook will improve.
Another key aspect of this survey includes what employees felt about job security in the next 6 months. Here are some key figures:
- 27% of young employees that were surveyed are the most concerned about job security.
- 35% of employees that were surveyed are concerned about their co-workers being made redundant.
- 21% of employees that were surveyed are concerned about being made redundant.
- 50% of employees that were surveyed in the North West of England stated concerns about their job security, and only 26% of employees in the East of England stated similar concerns.
Employees were also asked about the occurrence of any negative changes that were made within their company in the past six months, here are some of the key responses:
- 53% of employees that were surveyed stated that their company had made employees redundant/have shown intentions to make employees redundant.
- 29% of employees stated that their company had reduced personal salaries, bonuses or didn’t pay bonuses at all.
- 6% of employees stated that their company had enforced or hinted at pay cuts.
- 16% of employees stated that their company had made changes to compensation packages which include formulas for salary increases and/or bonuses.
This survey has demonstrated that despite UK employees feeling confident about their jobs to a certain extent, concerns amongst younger employees about job security is an ongoing issue that this survey has highlighted. This survey has also highlighted UK employees’ fears over redundancies as well. Both of these issues should be considered by employers carefully, and could possibly be addressed more openly with employees which would install more confidence in UK employees about their jobs.