On 12.14.09, In Employment, by Analyst
The job dynamics has changed big time in the last few years. Job surveys clearly show that it no longer just pay checks that determines job satisfaction. Other factors like autonomy, mobility, low stress, flexible hours, job security, health coverage, paid time off and other benefits are taking more importance when it comes to job satisfaction. This is not to say that pay does not matter. I guess with the gain of economic power by China and other emerging markets, American workers have more or less come to terms with the fact that they have to live with a standard of living that is slipping relative to other nations, and generous and automatic pay raises across industries are things of past now. The recession has only added to this trend. Workers are just happy with the fact that they have a job in hand and are not complaining about money. Also currently a huge section of America’s population [...]
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