What Does Job Satisfaction Cost?
According to this article, we now know the answer to the age-old question of how much does job satisfaction "cost." In other words, if you were choosing between two jobs - one you like and one you like less which pays more - how much more would the second job have to pay? According to a few economists:
¬?Having a boss that you trust would increase the satisfaction in your life by about the same amount that a 36% raise would.
¬?Having a job with a lot of variety (I guess that assumes you would actually want variety) would be equivalent to a 21% pay raise.
¬?A job with a high level of skill is equal to a 19% pay raise.
¬?Having enough time to finish your work is equivalent to an 11% raise.
So, let's see... my math tells me that if I have a good boss, get to do a lot of things, use a lot of skills and can finish my work, it's like getting an 87% raise. Not bad!
