Job Satisfaction Wanes, But SHRM Survey Shows Majority Of U.S. Employees Satisfied
Ability to use skills topples job security as biggest factor influencing how happy people are in their work
ALEXANDRIA, Va., Oct. 3, 2012 /PRNewswire-USNewswire/ -- Eighty-one percent of U.S. employees are satisfied overall with their current job, according to the 2012 Job Satisfaction and Engagement Research Report released today by the Society for Human Resource Management (SHRM).
But fewer than four out of 10 employees report being very satisfied with the elements that have the greatest impact on how they feel about work — opportunities to use skills and abilities; job security; compensation and pay; communication with senior management; and relationship with immediate supervisor.In the 10 years that SHRM has conducted the annual survey, there have been fluctuations in employees' overall satisfaction with their current job. Satisfaction has declined slightly since its peak at 86 percent in 2009. Still, it remains four percentage points above its low of 77 percent in 2002. "Economic, demographic and social trends are among the factors that influence job satisfaction," said Mark Schmit, SHRM's vice president for research. "Satisfaction peaked in 2009 when employees were just glad to have a job. Now we are seeing it trend down some, which may be an indication that employees are starting to look at other opportunities again as the job market is starting to turn a bit more positive. Proactive employers will monitor job satisfaction and introduce change to retain top talent ahead of the trend." In 2012, opportunities to use skills and abilities bumped job security from the No. 1 influencer of job satisfaction. SHRM believes this provides an opportunity for employers that are experiencing a skills gap — difficulty recruiting applicants with the right skills for job openings. By training and promoting current employees to fill positions that require higher-level skills, Schmit noted, employers can open up easier-to-fill positions that require lower-level skills.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV