ALEXANDRIA , Va. – A new survey finds that compensation may count more when it comes to job satisfaction than previously believed. According to the Society for Human Resource Management and CNNfn's "Job Satisfaction Series: Job Compensation/Pay Survey" employees over age 56 reported that compensation plays a bigger role in their overall job satisfaction than those under 35 years old. Generation X and Y base job satisfaction more on work/life issues, communication between management and employees and career advancement opportunities than on compensation. Overall only 45% of employees agree that their organization's pay policy is fair. In addition, 27% feel that base pay does not fairly represent their contributions compared to other employees. The survey also suggests communication about pay and designing policies that employees feel are fair compared to their contributions to the organization can impact job satisfaction.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
