Tuesday, January 5, 2010

Americans' job satisfaction falls to record low

Americans' job satisfaction falls to record low

Even Americans who are lucky enough to have work in this economy are becoming more unhappy with their jobs, according to a new survey that found only 45 percent of Americans are satisfied with their work.

That was the lowest level ever recorded by the Conference Board research group in more than 22 years of studying the issue. In 2008, 49 percent of those surveyed reported satisfaction with their jobs.

The drop in workers' happiness can be partly blamed on the worst recession since the 1930s, which made it difficult for some people to find challenging and suitable jobs. But worker dissatisfaction has been on the rise for more than two decades.

"It says something troubling about work in America. It is not about the business cycle or one grumpy generation," says Linda Barrington, managing director of human capital at the Conference Board, who helped write the report, which was released Tuesday.

Workers have grown steadily more unhappy for a variety of reasons:

_ Fewer workers consider their jobs to be interesting.

_ Incomes have not kept up with inflation.

_ The soaring cost of health insurance has eaten into workers' take-home pay.

If the job satisfaction trend is not reversed, economists say, it could stifle innovation and hurt America's competitiveness and productivity. And it could make unhappy older workers less inclined to take the time to share their knowledge and skills with younger workers.

Nate Carrasco, 26, of Odessa, Texas, says he's been pretty unhappy in most of his jobs, including his current one at an auto parts store.

"There is no sense of teamwork in most places any more," Carrasco gripes.

When the Conference Board's first survey was conducted in 1987, most workers — 61 percent — said they were happy in their jobs. The survey of 5,000 households was conducted for the Conference Board by TNS, a global market research company.

One clue that may explain workers' growing dissatisfaction: Only 51 percent now find their jobs interesting — another low in the survey's 22 years. In 1987, nearly 70 percent said they were interested in their work.

Workers who find their jobs interesting are more likely to be innovative and to take the calculated risks and the initiative that drive productivity and contribute to economic growth, Barrington says.

"What's really disturbing about growing job dissatisfaction is the way it can play into the competitive nature of the U.S. work force down the road and on the growth of the U.S. economy — all in a negative way," says Lynn Franco, another author of the report and director of the Conference Board's Consumer Research Center.

...
Workers under 25 expressed the highest level of dissatisfaction. Roughly 64 percent of workers under 25 say they were unhappy in their jobs. The recession has been especially hard on young workers, who face fewer opportunities now and lower wages, some analysts say.

...

Some other key findings of the survey:

_ Forty-three percent of workers feel secure in their jobs. In 2008, 47 percent said they feel secure in their jobs, while 59 percent felt that way in 1987.

_ Fifty-six percent say they like their co-workers, slightly less than the 57 percent who said so last year but down from 68 percent in 1987.

_ Fifty-six percent say they are satisfied with their commute to work even as commute times have grown longer over the years. That compares with 54 percent in 2008 and 63 percent in 1987.

_ Fifty-one percent say their are satisfied with their boss. That's down from 55 percent in 2008 and around 60 percent two decades ago.


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/01/04/national/a210159S77.DTL&tsp=1#ixzz0bkL6hXUI

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