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 pr@glassdoor.com.

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