54% of Workers Believe They Could Find Replacement Job

54% of Workers Believe They Could Find Replacement Job

By: Daniel Steingold | June 27, 2016

A study by Glassdoor has found that a majority of American workers— 54 percent— believe that they’d find a new job that would be comparable in terms of fit and pay within the next six months if they were to lose their current job.

During the beginning of the Great Recession, only 33 percent of those in the workforce believed that they’d have such an opportunity. Confidence in this ability has risen throughout President Obama’s tenure, however, particularly since 2013.

Young workers were found to be more optimistic about their ability to find a new job than older workers. A full 60 percent of workers aged 18 to 34 believed that they’d be able to find work, while only 44 percent of workers between the ages of 55 and 64 believed they’d be able to find a similar position.

It has also been found that 50 percent of workers anticipate an increase in wages or their cost of living within the next 12 months. This signals optimism in either obtaining a higher-paying position, a promotion, or a raise.

This figure is the highest it’s been in many years, going all the way back to before 2008. Only 31 percent of workers do not expect a hike in pay or cost-of-living in the next 12 months.

The Employment Confidence Survey was conducted by Harris Poll on behalf of Glassdoor in September 2015 with 2,016 individuals age 18 or older.

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