Higher-income earners are more satisfied with their jobs, find more meaning in their work and are less likely to consider quitting than those in lower income brackets, according to the latest CNBC/SurveyMonkey Workplace Happiness Index. It found that meaningfulness is the most important factor for workers, but a good salary helps employee morale a lot.
Sixty-eight percent of workers making more than $150,000 per year reported being "very satisfied" with their current job, while only 40% of people making under $50,000 said the same.
Andrew Challenger, vice presdent at Challenger, Gray & Christmas, the oldest staffing firm in the U.S., said workers often answer the question about work satisfaction by weighing whether or not the value they contribute to the workforce is reflected in the size of the paycheck they receive. The CNBC/SurveyMonkey Workplace Happiness Index was conducted from June 21–30, 2019, among a national sample of 7,940 workers in the U.S., with a margin of error +/-1.5 percentage points.
Grabowski says a strong work/life balance and feeling challenged at work consistently have far more influence on his happiness than salary alone. , agreed that receiving a bump in his paycheck did usually lead him to be a happier, more engaged employee. "It wasn't even because of the pay but because it lacked new learning and challenges," Jakubowicz said. "When I got promoted, [the happy feeling] lasted longer because new responsibility and new opportunities presented themselves. ... Once it became too easy or too routine, the pay wasn't as much on my mind anymore."
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