Have you ever wondered how much your colleagues get paid and if your male counterparts at work are getting more than you? If the answer is yes, then the latest research from Glassdoor could well prove to be valuable information for you.
According to Glassdoor’s latest UK Employment Confidence Survey1, only 29 percent of women at work receive a bonus, compared to 44 percent of men. That means nearly three quarters of the female workforce in this country don’t receive any form of annual bonus. This is despite the contribution they make to their employers and the wider economy.
Company Vs Personal Performance
When breaking down the figures further we discovered that 44 percent of men are positive about the outlook for their employer as opposed to just one in three women. The reason this is so vital is because the small proportion of women who actually receive a bonus are far more reliant on their company doing well over their individual performances. The research shows that only 27 percent of men are dependent purely on company performance (opposed to 37 percent of women), which means that for the majority of men in these positions – their priority could well be hitting targets and potentially making themselves as much money as possible.
When are most bonuses paid?
The main bulk of bonuses are paid-out in December, with the second most popular period at the end of the fiscal year (April)2. The vast majority of men who receive a bonus (75 percent) are confident of getting one next year, with only 61 percent of women feeling the same way.
The Glassdoor UK Employment Confidence Survey also looks regularly at salary expectation, re-hire probability, job security and business outlook. Additional highlights from the survey include:
Business outlook: Nearly two in five (39 percent) employees believe that business outlook will improve over the next six months – a high since the UK study began in Q1 2014. Of that, 44 percent of men have a positive outlook, compared to just 33 percent of women. Approximately one in ten (12 percent) employees believe things will get worse at their company.
Salary expectations: At the highest point since Q2 2014, 37 percent of employees believe that they will receive a pay increase within the next 12 months, which is also a 3 percent increase on previous quarter. The most pessimistic region for a pay increase is across the North West (32 percent), with employees based in the East of England most optimistic (46 percent).
Job Security: Nearly a third of employees (32 percent) are concerned that they will be made redundant over the next six months, however this is up from 21 percent in Q114 when the UK survey started. When asked if they were concerned about co-workers being made redundant, 44 percent agreed – a high since Q114. In the last six months, nearly half of all businesses in the UK that had made negative changes in the workplace (49 percent) have made employees redundant/and or communicated plans to implement further redundancies.
Job market optimism/Re-hire probability: Approximately one in three (32 percent) employees believe that if they were made redundant they would be able to find a new job that matches their skills and experience within the next six months, down two percent on previous quarter. Of those currently unemployed, only 30 percent believe they will find a job over the next six months – down 10 percentage points on the previous quarter. However this is an improvement since Q1 2014, with a figure of just 25 percent. Slightly more men (33 percent) than women (29 percent) feel confident that they will find a new job. Nearly half (49 percent) of 16-24 year olds feel confident of finding a new job matching their experience in the next six months compared to just 20 percent of those in the 55+ range.
Glassdoor publishes the UK Employment Confidence Survey twice a year, helping job seekers, employees and employers monitor and track employee confidence in the UK and how it relates to business, jobs, companies, careers, hiring and more.
1 The Q3 2015 survey of 2,027 people, among whom 980 are employed full-time/part-time, was conducted online within Great Britain by Harris Interactive on behalf of Glassdoor. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated. For complete survey methodology, including weighting variables, please contact email@example.com.
2 Q3 2015 survey states that 20 percent of employees receive bonuses in December and 16 percent in April.
3 For the purposes of this study “employees” were defined as GB adults 16+ employed full time and/or part time unless otherwise indicated.