'My Company's Doing Great! But I Think I'm Going to Lose My Job.'

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stress during layoffs
Alamy
Nearly 1-in-5 employees fear losing their jobs in the next six months, despite the perception most have that their employers' prospects will brighten during the same period, a recent Glassdoor survey of more than 2,000 adults found.

What's with the disconnect? How can the workforce simultaneously be optimistic and pessimistic? Digging deeper into the data, it becomes clear how even if your glass is half full, all it takes is one misstep to make it spill out.

More is less (is more)

Employees reported a wide range of organizational flux, from reduced staff and wages to increased perks and benefits. More than a third of respondents said their company had made changes to the number of staff, or changes within staff structure through promotions, demotions, or lateral changes. Department shuffles and reorganizations resulting in downsizing were also included in this category.

Of the employees who reported negative changes, 51 percent reported a change in their salary or other financial compensation, 22 percent reported that they had a pay cut, and 17 percent said their companies had a hiring freeze.

Yet nearly half thought their company's prospects would be brighter in the coming months, with younger workers more optimistic, and men more optimistic than women about both the company's prospects, and pay and cost-of-living increases.

But it's not all about the money for some; more than half of those polled reported new, nonfinancial perks such as casual days, flex time or work-from-home policies.

Where do you see yourself in six months?

Not here, according to 19 percent of those polled, who thought they might be fired in the next six months. And 27 percent thought a co-worker might be fired.

Employees worried about being laid off are also worried about their prospects of finding a new job matching their current pay and experience levels.


Nearly 39 percent of employees thought they might have trouble landing commensurate work, with younger employees 18 to 34 more optimistic (48 percent thought they would find another job in the next six months).

Those who were unemployed at the time of the poll were naturally less positive: less than a third expected to find work matching their experience and previous compensation, down 6 percentage points from last year.


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11 Comments

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Iselin007

Technology is so smart look at the mess it has made of the job market.

May 03 2013 at 12:47 PM Report abuse rate up rate down Reply
Iselin007

Raising the retirement age just means a longer period of time before you can get relief from this jobless nightmare.

May 03 2013 at 12:41 PM Report abuse rate up rate down Reply
Iselin007

Some 7 billion people an technology and greed is going to reduce the workers they employ good lick with that and the wars it will bring. I'm betting against you,

May 03 2013 at 12:32 PM Report abuse rate up rate down Reply
Iselin007

The economy is where it's at due to the outsourcing of good jobs that once included overtime and several benefits. The US was built on a higher level that now is declining so it is no longer able to sustain it's self. People got to eat and have shelter etc you can't do that with this reduction of employment,hours, and wages.

May 03 2013 at 12:24 PM Report abuse +1 rate up rate down Reply
Iselin007

Persistant unemployment and higher averages like 6 to 7% with a growing population can only mean riots and higher crime.

May 03 2013 at 12:12 PM Report abuse +1 rate up rate down Reply
lyleva

Technologies are rapidly decreasing the need for workers in many areas. A more reasonable average rate for employment nationwide will be in the 6-7% area.

May 03 2013 at 10:28 AM Report abuse rate up rate down Reply
1 reply to lyleva's comment
Iselin007

Smells like war to me.

May 03 2013 at 12:32 PM Report abuse rate up rate down Reply
c_moore39

exactly...company's now will do what is in the best interest of the shareholders and not the internal stakeholders for the organization...ie the employees, business structure, needs etc. if we can milk a profit by laying off 15,000 employees heck why not...we get a bigger paycheck...no thought to anyone else in society...just as sears and a few others have considered going private this would alleviate operating a business for the shareholders as opposed to operating for the stakeholders of the business...this is where business needs to leave philosophy alone...philosophy is for the philosophy majors not business majors...keep to your accounting, management, marketing and leave the heavy thinking to the philosophers.

May 03 2013 at 10:27 AM Report abuse rate up rate down Reply
smtrahdco1

goatcars, ah, I have friends who work for companies that have normal governmental regulations who have seen a reduction in labor and wages. Reason? Shareholders. I think we'd like to always find government the "reason". But, its just not true. We're working longer for less and have been for the past 20 years. So, let's not go overboard on the hated governement sceanrio cause its the easy one.

May 03 2013 at 9:39 AM Report abuse +2 rate up rate down Reply
Phil Collins

Companies now don't care about employees it is all about the bottom line, years ago people started companies by working long hours and barely getting by and appreciated good and hard working Employees. Today most companies are run by College Grads whose only goal is to make all the dough they can no matter what it takes to do it and if you work for one of those God help you cause they sure won't.

May 03 2013 at 9:22 AM Report abuse +2 rate up rate down Reply
geoffandmarie418

To He'' with being loyal to this country or American businesses anymore.

May 03 2013 at 9:17 AM Report abuse rate up rate down Reply