Age
The age of an employee also affects their level of satisfaction. Younger employees report the lowest job satisfaction rates.Considerations
Inadequate compensation is one of the top reasons that employees leave a job. Other prominent reasons individuals leave their job are because of insufficient recognition and inadequate development opportunities.According to Stipend.com, there is a alliance between activity gratification and remuneration. The website explains that the higher the stipend of an indivisible the expanded Pleased they are potential to be. On the other hand, other factors, such as ranking within an collection and an Worker's period, hold as well been erect to credit labour enjoyment.
Significance
Earnings.com and explained that employers recurrently underestimate the percentage of their employees who are passively or actively looking for a fresh chore. They again overestimate the amount of their employees who are Pleased with their jobs. The 2008/2009 Employee Satisfaction and Retention Survey determined that employers estimated that 77 percent of their employees were satisfied. However, only 65% of the employees were actually satisfied.Expert Insight
When Psychology Today examined job satisfaction they determined that position trumps pay. According to Psychology Today, a person's paycheck only plays a minor role in their work happiness. Andrew Oswald, a professor of economics at the University of Warwick, explained that employees gain satisfaction from ranking higher than others.
Effects
According to Entrepreneur Magazine, managers must pay attention to the satisfaction of their personnel for three major reasons. First, there is conclusive evidence that unsatisfied employees eventually leave or resign. Second, satisfied employees have better health and live longer. Finally, the effects of job satisfaction spill over into an individual's private life.
