Holiday Season Delivers A Mixed Bag of Holiday Cheer and A Tepid Job Market to Global Executives
According to the survey, 55 percent of executives are attending their office holiday party, up four percent from last year and up 14 percent from two years ago. Despite a still tenuous economic environment, holiday parties have bounced back from the Great Recession, as organizations look to corporate festiveness to increase morale amid challenging market conditions.
Fifty-six percent of executives surveyed say they look forward to the company holiday party and 34 percent make it when they can, while only 10 percent do not attend or have little interest.
Holiday spending expectations also remain high this year. The survey shows that nearly 60 percent of executives plan on spending
"Organizations and employees have come to grips with the 'new normal' business environment," said
Bonus Expectations Mild,
While spending increases on business-related gifts, bonus expectations are mild. Fifty-one percent of executives say they anticipate bonuses that are the same bonus level as last year and 12 percent expect bonuses somewhat less than last year. Only 4 percent expect a bonus significantly less than last year.
And if expectations are not met, employers may see a lump of coal in their stockings. A resounding 43 percent of executives said they would leave or consider leaving their employer if they were not satisfied with their bonus.
When asked to clarify their expectations, of those executives receiving a bonus this year, 51 percent said they expect to receive bonus compensation that is 25 percent or more of their base salary. Twenty-six percent of those surveyed expect a bonus in the range of 15 to 24 percent of their base salary and 23 percent expect a bonus of one to 14 percent of their base salary.
Low Job Satisfaction, Labor Market Uncertainty
Rating their level of job satisfaction heading into the new year, an emphatic 40 percent of executives said they were not satisfied, while 60 percent were either somewhat satisfied or extremely satisfied.
Executives are mixed when it comes to evaluating the prospects for hiring in
Executives also do not see eye to eye on what role the political landscape will play for jobs in 2012. While 44 percent say the 2012 U.S. election will have a positive impact on the labor market, an equally adamant 40 percent of executives indicate that the election will have little to no impact. Sixteen percent of those surveyed say the election will have a negative impact.
Nicole Roberts, +1-310-226-2619, firstname.lastname@example.org