The glass may be a half full or half empty when it comes to the job picture. On the one hand, employed workers are happy they have a job; however, a new survey finds that many feel undervalued and stressed out, with many dissatisfied with aspects of their job.
Conducted online on behalf of the American Psychological Association by Harris Interactive between January 31 and February 8, 2011, the survey found that 36 percent of workers reported experiencing work stress regularly and almost half (49 percent) said low salary has a significant impact on their stress level at work.
Being underpaid is not the only reason the American workforce is unhappy.
Employees also cited lack of opportunities for growth and advancement (43 percent), heavy workload (43 percent), unrealistic job expectations (40 percent) and long hours (39 percent) as significant sources of stress.
Additionally, less than half of employees (43 percent) said they receive adequate non-monetary rewards and recognition for their contributions at work and only 57 percent reported being satisfied with their employer’s work-life practices.
Just 52 percent of employees said they feel valued on the job, only two thirds reported being motivated to do their best at work and almost a third (32 percent) indicated that they intend to seek employment elsewhere within the next year.
Although these challenging times have been difficult for many organizations, according to the American Psychological Association, some employers have seized the opportunity to create a healthy culture where both employees and the organization can thrive.
In recognition of those employers who understand the link between employee well-being and organizational performance, the American Psychological Association will recognize eight organizations at its sixth annual Psychologically Healthy Workplace Awards in Washington, D.C., on Saturday March 12.
The employers who will receive the 2011 award are Cross, Gunter, Witherspoon & Galchus (Arkansas), eXude Benefits Group (Pennsylvania), San Jorge Children’s Hospital (Puerto Rico), First Horizon (Tennessee), Northeast Delta Dental (New Hampshire), Kaiser Permanente Center for Health Research, Northwest (Oregon), The MITRE Corporation (Virginia), and the City of Grand Prairie (Texas).
These employers reported an average turnover rate of just 11 percent in 2010 — significantly less than the national average of 38 percent as estimated by the U.S. Department of Labor.
Surveys completed by the winning organizations show that only 18 percent of employees reported experiencing chronic work stress compared to 36 percent nationally, and 87 percent of employees reported being satisfied with their job vs. 69 percent in the general population.
Additionally, only 6 percent said they intend to seek employment elsewhere within the next year, compared to 32 percent nationally.
Souorce: American Psychological Association