U.S. Job Satisfaction At Lowest Level In Two Decades

/PRNewswire/ -- Americans of all ages and income brackets continue to grow increasingly unhappy at work--a long-term trend that should be a red flag to employers, according to a report released today by The Conference Board.

The report, based on a survey of 5,000 U.S. households conducted for The Conference Board by TNS, finds only 45 percent of those surveyed say they are satisfied with their jobs, down from 61.1 percent in 1987, the first year in which the survey was conducted.

"While one in 10 Americans is now unemployed, their working compatriots of all ages and incomes continue to grow increasingly unhappy," says Lynn Franco, director of the Consumer Research Center of The Conference Board. "Through both economic boom and bust during the past two decades, our job satisfaction numbers have shown a consistent downward trend."

Fewer Americans are satisfied with all aspects of their employment, and no age or income group is immune. In fact, the youngest cohort of employees (those currently under age 25) expresses the highest level of dissatisfaction ever recorded by the survey for that age group.

"The downward trend in job satisfaction could spell trouble for the overall engagement of U.S. employees and ultimately employee productivity," adds Franco.

"These numbers do not bode well given the multi-generational dynamics of the labor force," says Linda Barrington, managing director, Human Capital, The Conference Board. "The newest federal statistics show that baby boomers will compose a quarter of the U.S. workforce in eight years, and since 1987 we've watched them increasingly losing faith in the workplace." Twenty years ago, some 60 percent of that generation was satisfied with their jobs. Today, that figure is roughly 46 percent. Barrington adds: "The growing dissatisfaction across and between generations is important to address because it can directly impact the quality of multi-generational knowledge transfer--which is increasingly critical to effective workplace functioning."

The drop in job satisfaction between 1987 and 2009 covers all categories in the survey, from interest in work (down 18.9 percentage points) to job security (down 17.5 percentage points) and crosses all four of the key drivers of employee engagement: job design, organizational health, managerial quality, and extrinsic rewards.

"Challenging and meaningful work is vitally important to engaging American workers," adds John Gibbons, program director of employee engagement research and services at The Conference Board. "Widespread job dissatisfaction negatively affects employee behavior and retention, which can impact enterprise-level success." In fact, 22 percent of respondents said they don't expect to be in their current job in a year. "These data throw up a big, red flag because the increasing dissatisfaction is not just a 'survivor syndrome' artifact of having co-workers and neighbors laid off in the recession," says Gibbons.

Source:
I Can't Get No...Job Satisfaction, That Is: America's Unhappy Workers
Research Report #1459-09-RR
The Conference Board

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New Year's Resolutions For Job Seekers

/PRNewswire/ -- Millions of Americans will be job hunting in 2010, and for many of those who are currently unemployed, the search will mark the continuation of a long and unsuccessful journey. Andy Chan, vice president for career development at Wake Forest University, says job seekers often encounter three major roadblocks to success: poor marketing, poor networking, and poor mind-set. He offers 10 New Year's Resolutions aimed at overcoming those obstacles.

Roadblock #1 - Poor marketing

"Many people don't realize that the way they are marketing themselves just isn't working, and they never get any feedback," Chan said. "The best way to get feedback is to ask for it from people who do a lot of hiring."

1. I will ask friends or acquaintances who manage and hire people to evaluate my cover letter and resume and give me real feedback - even if it hurts to hear it.

2. I will ask these same friends to conduct a practice interview with me and give me "tough love" feedback.

3. When I find an attractive job on the Web, I will apply immediately (with a tailored cover letter and resume) and search for friends and colleagues who could act as referrals to help me network into the organization.

Roadblock #2 - Poor networking

"We make the assumption that if we apply on the Web, it will get us in the door. But the truth is, if your experience doesn't line up perfectly with the job, the likelihood of getting seen is low," Chan says. "That's why networking is important. People hire people; they don't hire paper."

4. I will be thoughtful about when to send my resume, and I will not send my resume to everyone I know.

5. I will be specific about the type of work and organizations, including names of target organizations that I find most interesting.

6. I will network 80 percent of the time and use the Web 20 percent of the time.

Roadblock #3 - Poor mind-set

"A lot of people are looking at jobs through a narrow lens. But as the old Rolling Stones song says, 'you can't always get what you want,'" Chan says. "You may need to focus first on what you need and get the ideal job later."

7. I will be open to exploring many options because an interesting opportunity may exist beyond what I can see on the surface.

8. I will re-examine what my real financial NEEDS are so that I can be more open to opportunities that may pay me less than what I WANT.

9. I will evaluate opportunities by recognizing that this job can be a stepping stone to another job (inside or outside the company) - especially as the market improves.

10. Although I might want to quit and do a job search full-time, I am more attractive to employers when I am employed (and I have income which buys me more time to find a job that I am excited about).

Adopting these 10 resolutions can help refresh and rejuvenate your job search, and get your new year off to the best start possible.

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Census Bureau Releases Data Showing Relationship Between Education and Earnings

The U.S. Census Bureau announced today that workers with a bachelor's degree earned about $26,000 more on average than workers with a high school diploma, according to new figures that outline 2008 educational trends and achievement levels.

The tables also show that in 2008, 29 percent of adults 25 and older had a bachelor's degree, and 87 percent had completed high school. That compares with 24 percent of adults who had a bachelor’s degree, and 83 percent who had completed high school in 1998.

Educational Attainment in the United States: 2008 is a series of tables containing data by characteristics such as age, sex, race, Hispanic origin, marital status, occupation, industry, nativity, citizenship status and period of entry. The tabulations also include historical data on mean earnings by educational attainment, sex, race and Hispanic origin.

In 2008, 29.4 million women and 28.4 million men 25 and older had a bachelor's degree or higher. Women had a larger share of high school diplomas, as well as associate, bachelor’s and master’s degrees. More men than women had a professional or doctoral degree.

Other highlights:

-- Workers with a high school degree earned an average of $31,286 in 2007, while those with a bachelor's degree earned an average of $57,181.

-- The race and Hispanic origin data show that 53 percent of Asians in the U.S. had a bachelor's degree or more education. For non-Hispanic whites, it was 33 percent; for blacks; it was 20 percent; and for Hispanics, it was 13 percent.

-- Among younger adults (age 25-29), 88 percent had completed high school, and 31 percent had completed college. Among adults 75 and over, 73 percent had completed high school and 17 percent had completed college.

The data in Educational Attainment in the United States: 2008 are from the Current Population Survey's Annual Social and Economic supplement, which is conducted in February, March and April at about 100,000 addresses nationwide.
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