Hotel Recruitment: Take My Job - Please!
By Paul Feeney Managing Director, Sanford Rose Associates - Wayne | February 22, 2010
Half of all workers hate their jobs. Wait, scratch that: let's be more precise. According to a new survey by The Conference Board, a non-profit organization that studies business issues, just 51% of all American workers say they are satisfied with their jobs. That figure stood at 59% just seven years ago. Perhaps most alarming, workers aged 35-44 had the highest level of satisfaction in 1995 (at 61%) - but today have the lowest (at 47%).
In the year 2000, according to the Bureau of Labor Statistics, that age group accounted for 27% of the workforce - five percent higher than the nearest age group. By 2010, those same individuals will be in the 45-54 age bracket - where most high-level promotions occur - and will continue to be the largest age group, based on current demographic trends. Will they also continue to be the least happy?
While exact percentages are likely to vary from country to country, there is little reason to believe that overall trends are markedly different. Work just isn't as much fun as it used to be. According to Lynn Franco, research director of The Conference Board, the survey found almost no bright spots. For example, even though satisfaction increases with income level, satisfied workers in the highest income breakout declined from 67% in 1995 to 55% in 2002. And while 58% of survey respondents claimed to like their fellow workers, that percentage declined as well - from over 64% in the previous study.
Some aspects of work received a failing grade. A scant 22% of today's workers said their promotional opportunities were satisfactory (the lowest rating in the survey), only 37% approved of their wages and just 40% found their health plan sufficient. Exactly half were satisfied with job security.
It's a mad, mad world!
There's a lot of anger in the workplace: