Are you happy with your current career or position? What makes it a good or bad path?
LinkedIn, the most prolific professional networking and recruiting social media network has compiled a study that looks into the most motivating (and least motivating) factors that influence job satisfaction.
According to their summary there are 3 most and least important factors in professionals accepting a new job:
3 Most Important Factors
1. Better Compensation & Benefits
This is a no-brainer, everyone likes to get paid and be covered to some extent. Having a comprehensive package of both income and benefits is the main deciding factor when accepting a new job role. Benefits do not necessarily mean just insurance: does your employer provide holiday bonuses? Profit sharing? Social events? Recognize employees for their hard work and dedication? Going this extra mile can be the difference in attracting and keeping great talent.
2. Good Work/Life Balance
Usually the hardest one to establish: how many paid vacation days do you have? Does your employer have flex time? Sick or personal days for every-day appointments or needs? Giving employees flexibility is crucial as most people have busy personal lives that are demanding. Similarly, having the ability to cover an employee that goes on a two or three week vacation can ensure less “burn-out” and higher work-life balance. What is the point of having vacation if you cannot use it for a trip that you want – regardless of duration!
3. Opportunities for Advancement
While not the biggest influencing factor, but opportunities for advancement can help keep you motivated and working hard towards both; a personal and corporate goal. It is a situation that benefits both you and the employer (as they get to promote someone from the inside who is already familiar with their organization).
3 Least Important Factors
1. Job Title
While titles like Director and VP do sound nice, they are not at all motivators for job satisfaction. Position is no longer important as is the type of work, challenge and atmosphere that an employee is in.
2. Office Location
With the advent of computers, commuting and other technology, location has also gone down in importance. Some workplaces offer work-from home schedules and virtual offices which makes it easy for employees to get work done even if they are not in the office.
3. Relationship With Manager
This may be the most surprising factor that does not play a big role, but majority of people do not place their relationship with the manager as important. It is the work and challenge that they achieve which matters more. Surprising since majority of employees have to not only report to their managers, but work with them on a daily basis to get projects done effectively and on time.