When it comes to choosing between a job you like and a better-paying one that you may like less, use this measuring strategy:
1. Do you trust You may as well add a 36% pay raise to your current salary, say Helliwell and Huang. A higher trust level will boost your overall satisfaction in life by about the same amount as a 36% raise. ?
2. Have you recently lost trust in management? Conversely, the decline in job satisfaction is like taking a 36% pay cut.
3. Do you spend your day on a variety of projects? That equals a 21% pay hike, Helliwell and Huang found.
4. Does your job demand a high-skill level? That equates to a 19% raise.
5. Do you have enough time to finish your work? Tack on an 11% pay boost.
When it comes to measuring how income affects satisfaction, however, a 10% raise will likely only boost your overall contentment with life by one point on a 10-point scale. Not much by comparison.
Bottom line: You might as well do something you like, because the money alone won’t make you happy.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/7741/how-much-is-job-happiness-worth "
- The New Kryptonite to Age-Discrimination Lawsuits
- Harassment alert! Negligent hiring/supervision law applies
- Lessons from the 2006 SHRM conference: Invest more time and money in succession planning
- Put muscle in your flex: Quit justifying, start implementing
- Make sure two representatives are present during termination meetings