Good pay 'more important than job satisfaction'

The majority of employees rank job satisfaction as less important than pay at the moment, the most recent industry survey has indicated.

Research carried out by the Chartered Institute of Personnel and Development (CIPD) suggests that, due to the rising cost of living, job candidates are increasingly searching for roles which pay better but do not necessarily provide great satisfaction.

The poll of 2,000 workers found that 54 per cent of staff say that their main reason for wanting to change jobs is to boost their salary and benefits, with just 42 per cent wanting to improving job satisfaction.

Ben Willmott, senior public policy adviser at the CIPD, said the survey shows the ongoing impact of the economic downturn in the workplace.

"It is, therefore, in employers' interests to support employees in tough times through ensuring line managers are equipped with effective people management skills," he added.

Recently, data compiled in the Retail Eyes & Retail Gazette Salary Survey 2011, showed that 48 per cent of retail professionals have seen their wages rise since the economic downturn ended in January last year.

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Posted by John Oak

Filed: 27-07-2011