Employees feel more secure in their standing around the office than at any time in the last five years, a new study finds.
Research from online career site Glassdoor revealed that just 15 percent of employees are worried they could be laid off in the next six months, down 7 percentage points from last quarter and the lowest level since the fourth quarter of 2008.
One factor that could be contributing to employee optimism in their job status is a drop in the number of employers making a big hiring splash, the study found. Less than 20 percent of the employees surveyed said their company has initiated large-scale hiring plans, down 15 percentage points from three months ago and a low since the second quarter of 2011.
"This is the first quarter since the Great Recession where we are finally seeing signs of stabilization within the job market, and as a result, employees are feeling more secure in their current jobs than they have in several years," said Rusty Rueff, Glassdoor career and workplace expert. "The signal is clear for both companies and employees that we must remain calm, carry on, and stay focused on doing our best to help move the economy forward."
Overall, confidence in the job market remains unchanged from last quarter. The study found that 43 percent of employees believe that if they lost their current job they could find a job matched to their current compensation and experience levels in the next six months. Unemployed job seekers also saw little change in their confidence levels, as 38 percent believe they could find a job in the next six months.
While the study shows a drop in the number of employees expecting a pay raise next year, the number of employers that are adding different types of benefits is on the rise. More than three quarters of the employees surveyed said their organization added new perks over the last three months, such as the option to work remotely, dress casually, work flexible hours, and/or receive new stock, up nearly 30 percentage points from last quarter.
The research was based on surveys of more than 2,000 adults, including 891 who are employed full or part time.
Originally published on BusinessNewsDaily.