Fewer employees are expecting a pay raise or a cost-of-living increase in the next 12 months than was seen in the previous two quarters, according to a recent quarterly survey from The Glassdoor.com.

The Employment Confidence Survey monitors four key indicators of employee confidence in the areas of job security, salary expectations, re-hire probability and company outlook. The company also tracks the concessions employees are willing to take to keep their jobs. Over 2,200 adults nationwide were queried in the 2009 second quarter survey.

The survey report reports that in the second quarter of 2009, half of all employees (50 percent) do not expect any pay or cost-of living increase, compared to the 40 percent in the last quarter of 2008 that said they did not expect a pay raise or a cost-of-living increase in the next 12 months. The percent of employees who expected to get a pay raise in the next 12 months dropped to 32 percent in the second quarter of 2009 from 40 percent in the fourth quarter of 2008.

Other findings from the survey: To keep their jobs, employees are more willing to take on more projects and responsibility (71 percent) and work more hours (64 percent); 42 percent in the second quarter of 2009 are willing to take a cut in wages or salary if they found out their job was in jeopardy, compared to 30% in the last quarter of 2008, and more (37 percent) are willing to take unpaid leave or a sabbatical now, up from 24 percent in the fourth quarter of 2008.