Are you happy with your current job?
The most recent job satisfaction stats shows that more American workers are more happy with their jobs now than they were before.
Let’s dive into some of these surprising job satisfaction statistics to have a better understanding of why!
Shocking World Job Satisfaction Statistics (Editor’s Pick)
- Employees who are satisfy with their job will have 55% spike in engagement.
- 96% of Employees thinks, empathy is the most important for employee retention.
- Employees are 4.6 times more likely to perform better when they feel their voice are heard
- Employees in managerial positions are 62% more likely to feel satisfied at their job.
- Fully company-paid medical insurance is the most wanted benefit voted by 58.6% of respondent.
- Simple benefits like free snacks can help improve the job satisfaction level of 37.3% of respondent.
why employee job satisfaction is important to the company
Employees who are satisfy with their job will have 55% spike in engagement.
Improving employee’s engagement is one of the hardest to achieve. For an employee to be engage, he/she have to feel motivated to work towards the goal.
Employees who are satisfy with their job will be more willing to do the extra mile and become more engaged in the project or task. This improves the productivity and will have a positive impact to the company.
In fact, employees who are satisfy with their job will have 58% higher level of focus compared to employees who are just feeling “OK”.
110% more likely stick to the same company if employee feels appreciated.
Work satisfaction report indicated that when the employees feels genuinely appreciated, They are more likely to stay with their organization for more than 1 year.
Similar to feeling respected, this fulfilled the third and fourth level of Maslow’s hierarchy of needs; Safety needs and Esteem needs respectively.
When employees feels appreciated, they will have higher sense of job security as well as higher confidence when performing at work.
13% more sales if employees are satisfied with their job
Job satisfaction have an direct impact to the bottom line of the company. Keeping employees happy can help companies to increase their sales and productivity.
This is the reason why Google and FaceBook create an office environment which makes employees want to come to work.
Providing great benefits ranging from Free snacks to health insurance, Google ensure its employees are satisfied in their job.
10,129 Americans joined the survey done by Blind.
Here are the Top 15 companies with the highest job satisfaction:
us job satisfaction statistics
1 in 2 employees in U.S. get a sense of identity from their job
A job can be just a source of income, or something more.
According to a study done by Pew Research Center,
51% of all Americans feels that their profession gives them a sense of identity.
In other words, your job fulfil the level 3 of the human needs; Love and belonging needs.
Many Americans find their purpose in life in the work they do.
While the other half of the respondent feels their job is just a source of income which they do for a living.
Lack of job satisfaction cost U.S. companies $550 billion dollar each year
Recent report by The Engagement Institute, shows that more than half a trillion dollar is lost each year due to disengaged employees.
The amount lost each year is climbing steadily and will reach $1 Trillion in the next decade.
Respondents to the study are fully aware that they are not fully engaged during work.
Here are the top 3 reasons for disengagement
- Lack of compelling missions
- Lack of trust with their leaders
- Job scopes are confusing and unclear
A healthy organization should have clear communication channels, and leaders whom not only focus on the bottom line, but at the well-being of their employees.
1 in 4 employees in U.S. think they are not paid enough for their work
Correlation between Job satisfaction and appropriate pay is probably the most obvious.
27% of employees in America feel that they are unpaid and are unsatisfied with their job.
This statistics coincides with another statistics, where 25% of employees surveyed will quite their job because of money.
With data so similar, the correlation between the feeling of being underpaid and the probability of an employee leaving a job is undisputable.
4 in 5 U.S. employees think company culture is a huge factor for job satisfaction
Company culture plays a huge role in employee retention. In fact, studies shows, 57% of the Americans will take up a job with a competitor if believe they will have a better company culture than their current company.
According to the study.
Here are the Top 5 company culture that will impact job satisfaction
- Respected by others
- Equality between peers
- Trust between coworkers
- Integrity of the management
- Teamwork between coworkers
Keys to employee satisfaction
Employees are 4.6 times more likely to perform better when they feel their voice are heard
The feeling of being heard and valued helps to empower employees to perform even better at work.
The two-way communication between the worker and the employer drives productivity.
Studies have shown, companies voted to be the most gender and ethnic diverse consistently outperform their competition.
These companies have more diverse group of people invited to the table. They ensuring each voice are heard.
With an opened-mind, these companies incorporate a border range of perspective into their decision planning.
Allowing your employee to feel that their voice is being heard will improve job satisfaction and productivity.
This is a win-win formula for employee’s retention and company’s success.
– Antony C., Editor, HQHire.com
Employees are 63% more satisfy with their job, if they are being respected at work.
Survey by Harvard Business Review shows that, when employees are respected by their leaders, their job satisfaction level go up by 63%.
Then feeling of being respected is in correlation with the level of productivity seen in an employee.
According to Maslow’s hierarchy of needs.
Being respected fulfil the fourth level of human needs.
Esteem needs is the sense of feeling respected at work.
By fulfilling this level of need, this helps to elevate the happiness level of a person, and thus job satisfaction.
96% of Employees thinks, empathy is the most important for employee retention.
The relationship build between the employee and the company is often the main factor for employee retention.
Forbes suggest that almost all employees view empathy as the most important reason why they should stay with a company.
Company should show empathy with it’s people, encouraging employees to take vacations, providing health insurance, celebrating important moment of their life.
These simple actions can increase employee’s job satisfaction and the quality of their work.
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.”
– Steve Jobs, CEO, Apple
job satisfaction statistics by profession
Employees in managerial positions are 62% more likely to feel satisfied at their job.
Pew Research Center have found some surprising statistics.
Employees in managerial position are more likely to say they are satisfied with their jobs, compared to 48% for those who perform manual labor, or non-managerial roles.
Even with more responsibility and higher stress level as a management role, the employees are actually more satisfied with their job.
This is because with a higher position in the company, the employees are given more perks.
- Paid time-off
- Robust leave entitlements
- Retirement saving plan
- Allowance schemes
- Professional development programs
70% educators feels their job gives them a sense of identity
Studies conducted by Pew Research Center shows that educators score one of the highest in the sense of identity.
Most employees working in education thinks their work makes them who they are.
The fulfilment they get from their work fulfil the self-actualization needs. The act of teaching helps to refine talents.
Educators gain a sense of achievement as they see their students grow which improve their level of job satisfaction.
62% of healthcare workers feels what they do defines them
Studies have found that healthcare workers score one of the highest sense of identity at what they do.
Healthcare worker’s work is all about saving life. Work done by healthcare workers almost always will have a positive impact to the society.
Furthermore, their actions have an immediate effect on the patients.
In psychology, this fulfil the feeling of instant gratification, that produce dopamine in your brain. This chemical in your brain is associated with pleasure and reward systems.
The combinations of these factors are probably what lead to high job satisfaction and sense of identity.
“Everyone talks about building a relationship with your customer. I think you build one with your employees first.”
– Angela Ahrendts, Senior Vice President, Apple
work benefits job satisfaction survey
Top 10 Job Benefits Employees Want, But Don’t Have
Fulfilling employee’s want will help to increase their job satisfaction. Survey shows that 58.6% of all professionals survey hope their company will provide them with a fully company-paid medical insurance. That is 1 in 2 of all employees surveyed.
The need of feeling safe and being taken care off is probably what drive this overwhelming results of having a health insurance.
- 58.6% wants Fully company-paid medical insurance
- 53.2% wants Four-day workweek
- 53.1% wants Fully company-paid dental insurance
- 52.4% wants Unlimited paid time-off
- 47.2% wants Fully company-paid vision insurance
- 40.1% wants Work-from-home or remote working days
- 37.3% wants Free snacks
- 35.1% wants Performance bonus
- 32.7% wants Flexible paid time off
- 32.3% wants Transport allowance
Top 10 Job Benefits Most Company Gives
Survey shows that 72.8% of all professionals survey get paid time off as work benefit in their company.
Surprisingly 1 in 3 of the respondents don’t get paid time off.
Possibly, these are odd job workers or hourly paid workers that don’t receive paid time off.
- 72.8% gives Paid time off
- 64.9% gives Retirement saving program
- 56.7% gives Free coffee
- 55.6% gives Partially company -paid medical insurance
- 45.9% gives Life Insurance
- 44.2% gives Partially company-paid dental insurance
- 38.8% gives Flexible schedule
- 36.7% gives Partially company-paid vision insurance
- 35.6% gives Performance bonus
- 34.0% gives Flexible paid time off
“Before you become a leader, success is all about growing yourself. After you become a leader, success is about growing others.”
– Jack Welch, CEO, General Electric
pursuit of happiness maslow's hierarchy of needs
Humans have 5 level of needs that determine our human behavior. Starting from the lowest and most basic level of needs, to the highest and hardest to achieve.
- Physiological needs: The first and the most basic needs. This is the need of basic human survival; food and water, rest, clothing and shelter, health, and reproduction.
- Safety needs: The second level of needs help us to survive. Safety needs is the protection from danger, violence and overall emotional stability and well-being. The pursuer of good health, and financial security.
- Love and belonging needs: The third level is the social needs related to human interaction. This is the the need of friendship, and family bonds. The need of physical and emotional intimacy with others. This can include the sense of belonging to a team, a company, a union, a club, a community. Sexual relationships are also in this category.
- Esteem needs: The fourth is the first of the higher level of human needs that is ego-driven. This is the feeling of being respected, and having confidence in yourself.
- Self-actualization needs: The highest level of needs is the fulfillment of your full potential as a person. This includes education, professional development, refining talents, or even achieving goals.
Fulfilling those human needs are the building block of personal’s happiness and the construct of higher job satisfaction.
Your next step?
Uncover the age old question of “How much do you need to earn to be happy?”
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We’ve One Question…
Did we miss out any interesting statistics you’ve may have know?
Or which statistics surprise you most?
Let us know in the comments below!