As the year ends, how do employees feel about raises, job security, and recognition? A recent survey of 1,000 U.S. workers uncovers their concerns and expectations during a time of economic uncertainty. This article explores critical findings, including confidence in performance reviews, fears of layoffs, and the incentives that keep top talent loyal. Dive into the data to understand workplace trends and discover insights that can help businesses retain employees and improve worker satisfaction.

Key Takeaways

  • 43% of Americans expect to receive a raise of 3% this year.
  • 4 in 5 Americans expect a raise this year—1 in 5 aren't holding their breath.
  • 1 in 5 employees is hesitant to negotiate for a raise due to news of layoffs.
  • 1 in 4 Americans fear their company could have layoffs in the next 6 months.
  • 45% of Gen Zers plan to look for a new job within the next 6 months.

Employee Confidence and Raise Expectations

Year-end reviews and raises.
  • 43% of Americans expect to receive a raise of 3% this year.
  • 4 in 5 Americans expect a raise this year—1 in 5 aren't holding their breath.
  • 1 in 5 employees are hesitant to negotiate for a raise due to news of layoffs.
  • 1 in 4 Gen Z employees don't feel confident negotiating for a raise or promotion during their review this year.
  • Only 32% of Gen Zers anticipate a raise this year.
  • 37% of Gen Zers are primarily expecting clarification on goals or expectations for the next year out of their year-end reviews.
  • The industries most confident in raise negotiations are tech, healthcare, and finance.
  • 30% of Americans are dissatisfied with opportunities for advancement at their current company.
  • Nearly 1 in 4 Americans are dissatisfied with the recognition from their leadership.
  • 1 in 5 Americans are dissatisfied with their current salary.

Layoffs and Job Security

Layoffs and rentention.
  • 1 in 4 Americans fear layoffs could be happening at their company in the next 6 months.
  • Industries most concerned about layoffs:
    • Media and publishing
    • Telecommunications
    • Pharmaceuticals/Biotechnology
    • Tech
    • Real estate
  • On average, Americans have submitted 3 job applications due to job security concerns in the past 6 months.
  • 1 in 4 Americans would be more likely to stay at their company if their employer offered improved health benefits.
  • A retention bonus would make nearly 90% of Americans more likely to stay at their current job.
  • 1 in 2 Americans feel their employer does not provide clear paths for career advancement.
  • 45% of Gen Zers plan to look for a new job within the next 6 months.
  • 1 in 4 Gen Zers believe AI will affect their job security in the next year.
  • 36% of Americans do not feel appreciated at work compared to a year ago.
  • 30% of Gen Zers feel less appreciated at work compared to a year ago.

Methodology

We surveyed 1,000 full-time Americans to explore their expectations for their year-end performance reviews. The average age of respondents was 39; 45% were women, 54% were men, and 1% were non-binary. Generationally, 4% were baby boomers, 22% were Gen X, 58% were millennials, and 16% were Gen Z.

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Fair Use Statement

This workplace trends data is provided for noncommercial use only. If you plan to share it, please link to this page as the source.