Personal Growth

5 Key Factors to Finding Job Satisfaction

5 Key Factors to Finding Job Satisfaction
Why do some people enjoy going to work and others loathe it? It depends on a variety of factors, many of which are in your control. Read how you can either find the job that is best suited to meet your needs or learn to find fulfillment in your current job.

Why do some people get excited to go to work while others loathe Monday mornings? Understandably, we all need to make a living, but it seems as though some are enjoying the process more than others.

Job satisfaction is dependent on a variety of factors, many of which are within your control. You can either find the job that is best suited to meet your individual needs or learn to find fulfillment in the one you already have.

According to a 2019 survey conducted by The Conference Board, 54 percent of workers in the U.S. are satisfied with their jobs, a three-point increase from 2018’s 51%. This increase can be attributed to greater job security and satisfaction with regards to other career development areas.

While the percentage of satisfied workers has steadily increased since its lowest point in 2010, when only 42.6 percent of workers reported satisfaction, it is considerably lower than it was decades years ago. In 1987, 61.1 percent of people were satisfied with their jobs with that number dropping only slightly in the mid-90s. Unemployment, disappointing wages, and other economic factors have all contributed to job dissatisfaction, which may help explain the lower survey numbers we are seeing now in comparison to the late 80s.

A 2015 survey suggests age and income may play also important roles in job satisfaction. In 2014, employees between the ages 35 to 44 reported the highest job satisfaction at 50.3 percent. Workers under 25 years of age were least satisfied at 34.1 percent, a drop in comparison to pre-recession years (2005 to 2007) when 44.3 percent reported feeling satisfied.

Additionally, workers who earned more than $125,000 were most satisfied at 61.6 percent while 41.8 percent of those who made less than $15,000 reported job satisfaction. Interestingly, those who earned between $15,000- $25,000 reported a lower satisfaction rate (36.3 percent) than those who earned less than $15,000.

Job satisfaction (or a lack thereof) influences not only employees but also the organizations they work for. Dissatisfied workers experience lower productivity, poorer performance, and higher stress and turnover rates. Low job satisfaction can also result in low loyalty to the company itself, according to an article published in the International Journal of Learning and Development.

Two-Factor Theory

So how can you experience more job satisfaction? It may be found in a combination of both intrinsic and extrinsic factors. Intrinsic job satisfaction is a result of feeling content with the work itself and the responsibilities that go along with it. Extrinsic job satisfaction has more to do with the work conditions such as salary, job security, and your relationships with coworkers and supervisors.

A 2012 study conducted in Heidelberg, Germany, examined the effects that intrinsic and extrinsic components had on job satisfaction for dentists. They found that while both were essential, intrinsic motivating factors, such as being able to utilize one’s skill set, had the most positive impact on job satisfaction. Additionally, the results of a survey done by the Journal of Healthcare Management among rehabilitation professionals showed that professional growth and having personal values in line with company values outweighed pay when it comes to job satisfaction. Below follows a list of both intrinsic and extrinsic keys for workplace satisfaction.

5 Key Factors to Job Satisfaction

1. Engagement

When you are engaged in your work, you are present, focused, and productive. People are naturally more engaged in work that puts their talents to good use. The truth is, your talents can be utilized in any job you find yourself in. Engaging fully in work and recognizing how your individual strengths positively impact others, you can bring meaning and purpose to any role.

One way to find meaning any work you do is to have a clear understanding of the correlation between your work, the company’s goals, and your goals for something you’d like to see in the world. Being aware of how your job is directly supporting a larger outcome could encourage you to stay engaged and remain motivated.

2. Respect, praise, and appreciation

Regardless of the job, you want to feel respected in the workplace as well as appreciated for the work you do. Employees are more satisfied in their positions when they feel respected and praised for a job well done, even if it’s a simple thank you from a manager. Supervisors are often vocal when an employee makes a mistake or something is needed of them but making the same effort to congratulate or voice appreciation can have a positive influence on worker’s satisfaction.

According to the 2016 Employee Job Satisfaction and Engagement survey conducted by the Society for Human Resource Management (SHRM), close to half of the employees surveyed rated supervisor’s respect for their ideas as “very important” to job satisfaction. The SHRM emphasizes constructive feedback and open communication in the workplace as one way to encourage respect amongst employers and employees.

In short, working a job where you feel respected, valued, and appreciated is important! If you don’t feel this is happening in your workplace, is there a human resources employee you could talk to? Or some way to ask a supervisor to let you know when you’ve done something well?

3. Fair compensation

The importance employees place on pay as a contributing factor to job satisfaction appears to be on the rise, according to the 2016 survey conducted by the SHRM. Workers currently rank pay as the second most important factor compared in workplace satisfaction. Benefits rank as the third most important factor with 60 percent rating them as crucial to job satisfaction. In essence, employees want to be compensated for their worth and are likely to look for work elsewhere if they’re not.

But as important as compensation appears to be to employees, many would choose recognition and praise from a higher-up over cash. In a survey conducted by the company, BambooHR, one-third of workers said they would rather have an executive send a company-wide email praising their accomplishments than receive a $500 bonus that went unpublicized.

4. Motivation

Understanding your motivation behind the job you either already have or the job you want may help increase job satisfaction as well. Asking yourself the following questions:

    • What motivated me to apply for this job in the first place?
    • What inspires me to do the work I do?
    • What inspires me to want to be a [insert job aspiration]?

Answering these questions can help determine where you are lacking satisfaction so that you can then do something about it, whether that means switching jobs or changing your approach to your current one.

5. Life satisfaction

Perhaps unsurprisingly, people who are unhappy in life are less likely to find satisfying work.

A 2010 meta-analysis published in British Psychology Society reviewed 223 studies that examined the link between job satisfaction and life satisfaction (subjective well-being). The psychologists concluded that people who are predisposed to be happy and satisfied in life in general are more likely to be happy and satisfied in their work. They note that individuals who are generally unhappy in life and seek satisfaction in their work likely will not find it. Nurturing yourself and enhancing your well-being outside of work can lead you to satisfaction within a working environment.