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Job Satisfaction from the Economists Print E-mail
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Written by Vic Brown   
04/03/2006

A couple of "expert" Economists from a well known, and well respected, higher learning assembly line , set out on an Odyssey to place a monetary "value" on job satisfaction. The concept is very interesting as they set out to have us believe that an increase in salary may not be worth as much as an increase in job satisfaction in the overall life satisfaction scenario. Yes, money is not everything, but it is a very important thing. Here is a scaled down version of the 10-point scale system that they devised:

Trust in Management ~ 36% pay raise
No trust in Management ~ 36% pay cut
Variety of job ~ 21% pay raise
Very challenging job ~19% pay raise
Ample time to get things done ~ 11% pay raise

When was the last time anyone got a 36% pay raise? One thing the experts fail to mention is the difference in levels of satisfaction that exists between the sexes. I personally believe that men are easier to satisfy than women. A male engineer could probably play the role of a janitor with a very minute difference in life satisfaction if the pay was "right". He probably wouldn





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