It was all over the news yesterday. Heard it on the radio, read it in the paper and online as well. Job Satisfaction is at an all-time low. 43% of Americans are happy in their jobs nowadays. This is according to the Conference Board research group who has been tracking job satisfaction for over 22 years.
So what do they say are the reasons?
- Less workers find their jobs interesting
- Income hasn’t kept up with inflation
- Health Insurance coverage is costing more which equals less of a paycheck
Another possible reason for the decrease in the last couple of years could be the fact that we’re in the worst recession since the 1930’s. People are trying to find work, and the job may not be what they desire as far as suitability and providing a challenge for them.
Economists say that if the job satisfaction trend is not revered, it will likely decrease America’s competitiveness and productivity, as well as stifle innovation. They also say older workers who are currently dissatisfied in their jobs will be less likely to take the time to share their knowledge and skills with younger workers.
My take on all this:
What about dissatisfaction due to the fact that people are being furloughed, hours reduced, seeing hiring freezes implemented with no end in sight, benefits packages being cut by employers, bonuses cancelled, the toll of worrying about being laid off, surviving the layoff and the torture of watching co-workers get their pink slips, hearing about other employees who are asked and coaxed into taking early retirement, older workers who do leave are taking the knowledge with them leaving others struggling to produce, training and continuing education budgets are going away, doing your job with less resources, and being asked to do the job of two people for the same or less pay!? Definitely morale sinkers.
I wonder how government workers would compare if surveyed? I am quite certain there would be a huge disconnect in Government responses depending upon if you were at the state, federal or local level, as budget issues are of paramount concern for many states.