Employee satisfaction is at its highest in 10 years, yet workers report low satisfaction with benefits, compensation, time off and “respectful treatment,” according to a survey of 600 employees by the Society for Human Resource Management.
Employee satisfaction climbed to 88 percent, up 11 points from 10 years ago.
The survey found the most important factors for satisfaction to be compensation and “respectful treatment of employees.” A small percentage of respondents said they were satisfied with those aspects: 31 percent and 23 percent, respectively.
The economic recovery has had a confusing effect on wages. Average hourly earnings haven’t budged much in the five years. In the meantime, many companies have rewarded employees with bonuses, which can have a skewed effect, said SHRM manager Evren Esen.
As for benefits, he said, organizations cut a lot during the recession, and some are never coming back.
— Bloomberg
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