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Benefits October 17, 2000
Workers Less Satisfied With Jobs
October 17, 2000 (PLANSPONSOR.com) - American
workers are increasingly dissatisfied with their jobs - the
promotion policies, wages and even training. However, they're
feeling better about their pensions according to a new
survey.
Reported by Nevin E. Adams
Less than 51% of respondents are happy with their job today, down from nearly 59% five years ago, according to the Conference Board. In fact, the only areas registering a moderate improvement were “job security” and “pension plans.”
Boomers Busted?
It may come as no surprise to find that baby boomers – those 45-54 – are the most unhappy group, with just 46.5% satisfied, down 10 percentage points from five years ago. More troubling is that those 35-44, once the most satisfied (61%) have seen that level slide to 51%.
As a result of those slides, the most satisfied group is now those in Generation X, where 58.1% say they are satisfied.
Consumers say relationships with co-workers are the most enjoyable part of their jobs, but that level is down to 59% from 64% five years ago. Fifty-eight percent say they are satisfied with their commute to work, down from 62% in 1995.
Money Matters
Families earning less than $25,000 are the least satisfied, while those earning more than $50,000 are happiest with their jobs. Perhaps ironically, the largest decline in satisfaction came from those making more than $50,000 (from 66.5% to 55.1%).