Job Satisfaction-is it really all about the money

MemberImage
18.Jul.2017
Marcel Keller

Job Satisfaction: Is it really all about the money?

Of course, the six-figure salary would be nice. We’re not questioning that. But perhaps there are other, more valuable factors that make up the ideal job role. Could it be that there are certain things that people would be willing to trade in their pay for?

Don’t worry, we’re not expecting anyone to work for free, but it could be worth considering the idea that chasing dollars may not always be the road to complete job satisfaction. But if it’s not all about the pay cheque, then what is it that attracts an employee to a company and makes them want to stay?

The answer to this lies, in part, with the individual’s definition of an ‘ideal role’, which understandably will differ from person to person. There are however a number of key factors that stand out as being of particular importance to many employees around the world. Many of which are identified in The Kelly Global Workforce Index 2014.

This annual survey helps to gain a clearer insight into worker preferences, bringing together the opinions of almost 230,000 people from 31 countries across the Americas; Europe, the Middle East and Africa (EMEA); and Asia Pacific (APAC) regions. The survey explores the value that employees attach to key elements of their work, including skills, flexible work arrangements and even the idea of socially conscious work.

Interestingly, it seems that if a candidate finds the ‘right’ role, relocating is not a problem. In fact, 71% of people surveyed globally would be willing to move for their ideal job. A high proportion of those were also willing to move to another country, or even another continent, if the job was deemed right.

So what do the majority of workers actually consider to be the ‘right’ role? And what exactly is it that entices job seekers and retains staff.

We all know that salary is an obvious attraction, but a high proportion of workers would consider giving up a higher pay for other desirable elements. The survey revealed that over half of the workers interviewed in EMEA would be willing to trade in pay for the opportunity to learn new skills, indicating that the need to learn and progress is strong. Just under half consider a good work-life balance to be equally as important as pay. Who wants to spend all day in the office? And 31% of those surveyed would sacrifice higher pay for a flexible work schedule.

The most attractive environment to work in was identified as being a collaborative environment with flexible working arrangements. One that also offers exposure to the latest technologies and equipment, within a culture of innovation.

The results of the survey show that attracting and retaining employees goes beyond offering competitive pay. A good work–life balance and advancement opportunities are also hugely important, indicating that professional growth and personal fulfilment could actually play a more important role than is often thought.

Take a while to consider what aspects you feel to be of most value at work? Is it really all about the figure on the pay cheque or are there other things that make a bigger difference to your job satisfaction?

The Kelly Global Workforce Index reveals the truth about what workers really value the most. Why not take a closer look at what else is important to employees and see how many of them share your key values.

Read the full report here