Job satisfaction is just as important to Londoners as monetary gain, according to the latest research from Sodexo Engage.
The research, conducted by One Poll, surveyed 2,000 UK employees and found that 35% of London employees saw job satisfaction as their biggest motivator at work and a further 35% said monetary gain. Only 18% of Londoners said career progression motivated them in the workplace.
The research also revealed that what motivates people in the workplace changes with age. For the 18-24 year olds, career progression is the biggest motivator. However, as age increases, career progression reduces, and job satisfaction becomes much more important. Monetary gain remains constant.
With the New Year approaching many businesses will be reflecting on the successes and challenges of 2017 and what to expect for the year to come. As 2018 strategies come together, employers must look beyond the numbers and consider how to raise, and keep steady, employee satisfaction.
IAIN THOMSON, DIRECTOR OF INCENTIVE AND RECOGNITION AT SODEXO ENGAGE, COMMENTED:
“For many it is often assumed that those working in our nation’s capital are driven by money. However, proving that job satisfaction is just as important to Londoners as money should be a serious wake-up call for HR teams wanting to attract and retain staff. Motivating employees doesn’t just mean increasing wages – it is so much more than that. Job satisfaction differs from person to person, but it’s all about the feelings of pleasure and achievement an employee gets from doing their job.
“Fortunately for businesses there are lots of simple and effective ways they can help ramp up job satisfaction, without breaking the bank. From simply recognising someone’s excellent work, to rewarding performance through rewards such as gift cards and cinema tickets. By regularly recognising employees on a personal level, businesses can boost overall satisfaction and the feeling of being valued.”
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