About three out of every five office workers are pessimistic about the likelihood of getting a pay raise this year and about half said they hoped to find a second job to supplement their income, the Council of Labor Affairs said.
The council’s online job bank, eJob, polled 4,323 white-collar workers, three-fourths of whom were non-managerial employees, while the remainder were middle-rank managers, senior executives, business owners or unemployed, from Feb. 1 until Thursday to ask them about their current salary and future expectations.
About 60 percent of respondents said they did not have high hopes of getting a pay raise in their current job this year, while 20 percent said they were uncertain.
About 16 percent said they might get a pay raise this year, while 3 percent said they were very confident they would see a salary increase.
The gloomy outlook regarding the potential for a raise could be a significant factor contributing to employee satisfaction in the workplace, as about half of respondents saying they were “dissatisfied” or “very dissatisfied” with their current position.
Only 8 percent said they were “very satisfied,” while 11 percent said they were “satisfied” with their current jobs, the survey showed.
The survey also showed that salaried employees looking to make extra money on the side were willing to consider taking a second job, with about 64 percent saying that while they did not currently have a side job, they intended to look for one.
About 30 percent of respondents said they spent more than they earned, 16 percent said they managed to keep income and expenses balanced and 25 percent said it varied from month to month.
Only one in 10 workers surveyed said they could save as much as half of their monthly salary, the survey showed.
Amid dissatisfaction with current salaries and difficulties making enough money, 31 percent of respondents said the best way to get a pay raise was to change jobs.
Of those who expected a pay raise, 22 percent said it would be contingent on company-wide policy, while 20 percent said it hinged on meeting sales performance objectives.
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