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Pay and benefits 'more important than job satisfaction'

Pay and benefits 'more important than job satisfaction'

Many of those looking to find work in London are prioritising pay and benefits ahead of job satisfaction, a new report has found.

Research from the Chartered Institute of Personnel and Development (CIPD) found that 54 per cent of people want to change jobs to earn more money, with 42 per cent stating they want a more fulfilling role.

According to the Employee Outlook survey, 36 per cent of workers claim their standard of living has deteriorated over the last six months, with just seven per cent saying it had improved.

Nearly one in five said meeting monthly bills is a constant struggle, with 18 per cent revealing they run out of money at the end of the week or month most of the time.

Ben Willmott, senior public policy adviser at the CIPD, said: "The survey shows the ongoing impact of the economic downturn in the workplace. Employees are feeling the squeeze as a result of pay freezes or low pay settlements."

According to research from the Institute of Leadership and Management and Ashridge Business School, 57 per cent of graduates plan to switch jobs within the next years.

Posted by Keith Broomer
 


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