Thursday, January 21, 2010

The beatings will stop when productivity declines.

This from the Conference Board press release:

"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."

I am not sure Ms Franco is right about the impact on productivity. In 2009 we saw the largest gain in USA Productivity in the past 25 years. If it's true "...job satisfaction numbers have shown a consistent downward trend..." then there seems to be an inverse correlation between job satisfaction and productivity:

USA Productivity Growth Index 1987 Index=100

It seems that as American workers become unhappier, the also become more productive!
Employers: GET OUT THE WHIPS!!!
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