Employees anticipate a better economic year in 2013, according to a new survey by Randstad U.S.
In fact, 57 percent of respondents say raises are likely to come in 2013, a 10 percent increase from 2013, and 47 percent of respondents expect their companies to bring in more employees next year, marking a 7 percent gain. Another 30 percent of employees believe they will be offered promotions, up 6 percent from October 2011.
Still, 47 percent of respondents believe the economy has negatively affected their careers, but only 15 percent of respondents say they could lose their jobs, a 5 percent decline from 2011. Seventy-eight percent of respondents say their companies' futures look bright.
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"The outlook for next year certainly looks brighter for most employees," says Jim Link, managing director of human resources for Randstad US. "With the election and economic issues at home and abroad, a cloud of uncertainty had caused many employees to remain skeptical around future jobs and employability in 2012. Today we see employees are very positive about their future prospects and are hopeful to regain any economic momentum lost. As optimism increases, employee engagement will be increasingly important for companies' retention efforts. This is why it is so valuable for employers to analyze and understand what motivates their most important asset — talent."
The survey also finds that 16 percent of respondents say their pay will be cut in 2013, down 8 percent from 2011, and 41 percent of respondents anticipate reductions in benefits, a 6 percent drop from last year. Regarding layoffs, 33 percent of respondents say this will be the reality in 2013.
According to 47 percent of respondents, they intend to evaluate other opportunities when job market improves. This figure is down 3 percent from last quarter, but it continues to rank as a primary problem for companies. Despite this, 62 percent of respondents plan to advance their careers at their current organizations.
Sixty-eight percent of respondents show positive attitudes regarding their current jobs, which suggests their employers are trying to keep them engaged. While 79 percent of respondents say they are inspired to perform at their best, 77 percent of respondents say they are proud to work for their companies.
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