Workers of the world depressed
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Manufacturing News, Source : TheManufacturer.com
Published : 30 Sep 2003 14:07
Job dissatisfaction is at an all time high, according to the Conference Board by NFO WorldGroup. NFO is one of TNS group of companies (LSE: TNN).
The decline in job satisfaction is found among workers of all ages, across all income brackets and regions in North America. The survey is based on a representative sample of 5,000 U.S. households and conducted in July 2003. “The level of job satisfaction has been steadily on the decline since reaching nearly 59 percent in 1995,” says Lynn Franco, Director of The Conference Board's Consumer Research Center. “As technology transforms the workplace – accelerating the pace of activities, increasing expectations and productivity demands, and blurring the lines of work and play – workers are steadily growing more unhappy with their jobs.”
Those aged 45-54 expressed the least amount of satisfaction – only 46 percent say they are satisfied with their employment. Those 65 and over claim the greatest level of satisfaction – 54 percent. Not surprisingly, satisfaction levels tend to rise with earnings. Householders earning less than $15,000 are less satisfied with their employment than those earning in excess of $50,000. But, even among the high-end earners the overall level of satisfaction has fallen over time.
Back in 1995, 66.5 percent of householders earning more than $50,000 claimed to be satisfied with their jobs compared to 53.4 percent today. Among the several job aspects respondents were asked to assess, promotion policies and bonus plans received the least favorable ratings – only 20 percent were satisfied with their company’s current policies. Educational and training programs were also near the bottom of the list.
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