Labor Day Reminds us to Consider What Employees value at Work

Aug 26, 2014
It is easy to get caught up in the daily routine of work, but Labor Day, a national holiday of rest from work, reminds us to consider what employees value about their work and what contributes to their overall job satisfaction.

In May 2014, the Society for Human Resource Management (SHRM) released the results of the 2013 Employee Job Satisfaction and Engagement: The Road to Recovery research report. The report evaluates more than 50 aspects of job satisfaction and engagement including career development, relationships with management, compensation and benefits, work environment, and more. The study surveyed a representative sample of 600 U.S. employees.

According to the report, pay/compensation is now the top contributor of employee job satisfaction. This factor was ranked as fifth in importance only a few years ago, in 2010.

Additionally, pay/compensation was an important contributor for job satisfaction regardless of generation. Millennials, Generation X, and Baby Boomers all rated pay/compensation as the top or second most important aspect of job satisfaction.

Employee Job Satisfaction and Engagement Study Highlights

  • Top Five Contributors of Job Satisfaction: Among the factors reported by employees as “very important” to job satisfaction, pay/compensation was rated as the top contributor (60 percent), both job security and opportunities to use skills/abilities rated second (59 percent each), these were followed by the relationship with immediate supervisor (54 percent), the overall benefits package (53 percent), organization’s financial stability (53 percent) and the work itself (51 percent).
  • Employee Engagement: Among the conditions contributing to employee engagement, employees were most satisfied with their relationships with co-workers (73 percent) followed by the relationship with their immediate supervisor (70 percent). Employees were least satisfied with networking and career advancement opportunities (48 percent).
  • Top Employee Benefits: Among the benefits reported by employees as very important to their job satisfaction, health care/medical benefits were rated as the top benefits (62 percent), followed by paid time off (58 percent) and flexibility to balance life and work issues (45 percent).
The full survey is available online at:

For more information or to schedule an interview, please contact Laura Ambrosio of SHRM Public Affairs at or 703-535-6273 or Vanessa Gray at or 703-535-6072.

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