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Topics: Employment, Wage, Recruitment Pages: 9 (1871 words) Published: August 10, 2013
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Salary vs job satisfaction - Business News | The Star Online

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Published: Saturday February 9, 2013 MYT 12:00:00 AM Updated: Wednesday April 17, 2013 MYT 1:59:24 AM

Salary vs job satisfaction

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Roshan: ‘Purpose and fun can sometimes be misunderstood as job satisfaction.’

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WHEN looking for employment, most, if not all of the time, we choose to go for something that either promises a fat paycheck or a job that might not pay so well but guarantees great satisfaction. So which would you go for and what is the preferred choice? According to a recent survey by JobsCentral Malaysia, the average urban Malaysian employee considers his or her salary to be the most important aspect of their working life, even beyond career advancement opportunities and intellectuallystimulating work.

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Salary vs job satisfaction - Business News | The Star Online

The survey, titled The JobsCentral 2012 Work Happiness Survey, questioned 3,194 employed citizens of the Klang Valley to rank factors of working life by perceived importance, and how satisfied they were with each of these factors in their current jobs. According to the survey results, 26.5% of respondents ranked salary as the most important determinant of satisfaction in their current workplace. “This places salary as the most important factor of a job to urban Malaysian workers in 2012, giving it a ranking of 3.72 on a scale of one (most important) to 10 (least important). “By contrast, when questioned on how important advancement opportunities and interesting work were in the workplace, only 12.7% of respondents indicated that they considered these factors the most important aspects of their job. “The survey results show that advancement opportunities and interesting work were ranked as the second and third most important workplace factors after monthly income,” the survey said. The survey, however, added that when asked to rate their degree of satisfaction with their current salaries, respondents only gave an average satisfaction score of 5.81 (out of a maximum score of 11), placing this factor among the bottom two workplace attributes that they are least satisfied with. By contrast, older employees in senior and top management positions who responded to the survey indicated that they were most satisfied with their jobs, suggesting a growing income disparity between working Malaysians in the Klang Valley. What matters more? According to Leaderonomics chief executive officer Roshan Thiran, there are four key areas for employee satisfaction. “The elements are as follows money, learning, fun and purpose. From all the research that we have done, we find that different people are motivated in different degrees by one of these four areas.” Roshan says “purpose” ranks the most for the Gen Y employees. “Purpose and fun can sometimes be misunderstood as job satisfaction. In reality, job satisfaction encompasses all four areas. Having your role aligned to your personal purpose is...
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