As
workers return to the office routine after their summer vacations this
year, they are feeling more secure about the jobs they are returning to,
but not feeling so swell about the size of their paychecks, according
to a new survey.
Just 4% of respondents in a survey by Harris
Interactive ranked fear of being fired or laid off as their primary
workplace worry. This was a drop from 9% in last year's study. While
annoying coworkers, commuting, and work overload also were top triggers
for anxiety, more workers fretted about low wages, with 11% naming flat
paychecks at the top of their workplace stress list.
This
snapshot of worker sentiment is backed up by recent jobs data, says
Christine Owen, economist at the National Employment Law Project. "We
are not seeing the same level of job loss," as the massive personnel
rifts that characterized the recession period have ended, she says, "and
fewer people are looking for employment after losing their jobs than
they were several years ago.
"After one year, two, or three,
people worry less about being let go by their employer," says Owen. "And
the kinds of jobs being created are not highly paid."
Paychecks
are a hot-button issue for women, with 14% of those surveyed listing low
wages at the top of their workplace stress list. That compares to 8% of
men, in the survey commissioned annually by Everest College, a
for-profit education institution that is part of Corinthian Colleges.
Women
have made some progress in closing the gender pay gap, according to
newly released federal census data. Last year, the median income for a
woman was $37,118, up from the $28,699 in 1973, taking inflation into
account. Men, on the other hand, saw their median earnings fall to
$48,202 this year, some $2,000 less than the $50,622 average in 1973.
Still,
women listed working in a job that is not their chosen career as a
major source of stress in this year's survey. Some 11% of women said
that was stressful, more than twice the 5% response of men, says John
Swartz, the Everest College spokesman for the survey.
"The
economic recession may be contributing to that workplace distress,"
Swartz says. "Women may be working for the good of the household, and
taking any job because that's what they have to do."
Among
college-educated workers, unreasonable workload ranked higher than pay
as a point of major dissatisfaction. Some 11% of college-educated
workers complained about low pay, but even more -- 14% -- of workers
without high school degrees chafed at their low paychecks.
As
wages remain stagnant, working at low or middle-income jobs provided
almost no economic security or advancement in the past decade, according
to the Economic Policy Institute, an economics research organization.
In fact, over the past three decades only a few Americans have
benefitted from economic growth, says the report, "
The State of Working America," which released its 12th edition this week.
Average
household income fell 1.7% between 2010 and 2011, said Institute
economists Elise Gould and Heidi Shierholz, citing newly released U.S.
Census Bureau data on 2011 income, poverty, and health.
The top 5% of
income earners saw their average household income rise by 5.1% between
2010 and 2011. But Shierholz said in a briefing Wednesday that the "most
important number is that a typical median household brought in 12.4%
less income in 2011 compared to 2010."
African-American
households were hit the hardest, with median household income falling by
a steep 16.8% from 2010 to 2011, and Hispanic households saw a 10.8%
decline, the report found.
Two-thirds of the jobs lost in the
recession and its aftermath "were mid-wage occupations," says the
National Employment Law Project's Owen, and 58% of the jobs that have
since been created are in the low-wage tier, with salaries ranging
between $15,995 and $28,766. Middle-wage jobs are classified as a
positions earning between $28,787 and $43,950.
Work overload is
also squeezing employees, those responding to the survey said, with many
employees working full-throttle, as companies demand more. Some 9% said
their workload was unreasonable.
Worker productivity -- the
amount of output per worker -- rose 1.6% from April through June, the
Labor Department found, as companies slowed hiring to 75,000 jobs
monthly, only about one-third of the average 226,000 monthly hires in
the first quarter on 2012.
"There seems to be a dichotomy in the
workplace," says Brett Good, senior district president for Robert Half
International, a national staffing services firm. "Unemployment for
those with college degrees is in the 3% to 4% range, in serious contrast
to probably 14% to 16% unemployment for those with lighter skills."
Although
workers may be complaining around the coffee pot or on Facebook, hiring
is not all bleak. Robert Half's annual professional employment report
found that 17% of U.S. executives queried say they will add full-time,
professional-level staff in the last quarter of 2012.
Although
more than one-third of the executives surveyed said they were very
confident about their company's growth prospects (56% said they are
somewhat confident). Another 5% said they would likely be letting people
go.
"That means 12% will be hiring," said Good. "And that's a good sign."