Fifty-one percent of U.S. employees feel overall satisfied with their job, according to The Conference…
Fifty-one percent of U.S. employees feel overall satisfied with their job, according to The Conference Board’s latest survey on job satisfaction.
The results also show that, over the last seven years, employee attitudes about wages and job security experienced the biggest improvements.
However, workers feel quite disappointed with their job’s professional development aspects – a warning signal for any organization looking to attract and retain talent in today’s tight labor market.
The Conference Board’s survey gauged approximately 1,500 employed individuals, who together comprise a snapshot of the U.S. workforce.
Participants weighed in on 23 components that contribute to job satisfaction. Additional findings from the survey include the following:
- Job satisfaction is improving faster for lower-income households
The tightening labor market has become more visible in blue-collar and low-paid services occupations than in white-collar occupations. As a result, labor market conditions for these workers have improved, and so has their job satisfaction.
- Overall job satisfaction increased for the seventh year in a row
During this period wages and job security saw the largest improvements. Satisfaction has increased each year following the Great Recession.
- Greatest satisfaction: a job’s relational and social aspects
Among the 23 survey components, participants gave the highest marks to the following five: in first place, People at work, followed by Commute to work; Interest in work; Supervisor; and Physical environment.
- Greatest disappointment: a job’s professional development and recognition aspects
Among the 23 survey components, participants gave the lowest marks to the following five: Workload; Educational/job training programs; Performance review process; Bonus plan; and, in last place, Promotion policy.
- Minnesota is the state with the highest job satisfaction
Minnesota displaced Texas, the prior frontrunner, as the state with the highest job satisfaction (58 percent). Potential explanations come from the state’s strong job market, which is much tighter than the national job market.
Through 2018 and 2019, the labor market will continue tightening; it will benefit employees and challenge employers
With many workers having more job options than they have had in some time, both this year and next year, companies will likely have to try harder to satisfy their workers for retention and productivity. As a result, job satisfaction for employees will likely continue increasing.