Glassdoor: 42 Percent of Workers Expect Pay Raises in 2014
According to the Glassdoor Q4 2013 Employment Confidence Survey, around one in three employees (32 percent) said pay raises were among their top work-related resolutions for 2014, while 42 percent of workers expect a pay raise in the next twelve months—a high in nearly two years, Glassdoor said . The survey results also showed that 22 percent of the 2,000+ respondents said looking for a new job and developing leadership skills (20 percent) were also high up on their top work-related resolutions for the new year.
“Employees are beginning to feel more sure-footed in the economy and the job market, and in turn are hopeful and more confident about their chances of seeing their compensation rise. They are also feeling less fearful and are looking forward to taking a breather and taking time out to go on vacation,” Rusty Rueff, Glassdoor career and workplace expert, said. “If economic and business news continues to show signs of furthering stability, we will undoubtedly begin to see greater employee confidence, which will in turn catalyze more movement within the employment pool.”
Other top resolutions for 2014 included: focusing on personal improvement and welfare; taking or using all the vacation days they have earned (20 percent); and attending work-related training (19 percent). Surprisingly, 3 percent of employees admitted that they want to help get their boss or supervisor fired in 2014.
The survey also asked employees, including self-employed workers, about their job search expectations over the next three years, assuming the economy stays the same or improves. Key highlights include:
- 17 percent of employees reported that they would consider looking for a new job in the next three months
- One in three (32 percent) said they will consider job hunting in less than a year
- 41 percent of employees believe it is likely— within the next six months—that they could find a job matched to their experience and current compensation levels should they lose their current job