Friday 23 February 2018

Job security is no longer considered the top priority for employees

Ruth Nolan

Do you feel motivated at work? It seems the vast majority of us do.

A survey launched yesterday by accounting and consulting group Mazars found that 86pc of employees are motivated in their jobs.

But surprisingly, despite the trauma of the economic crash, job security is no longer considered to be a top priority now that the economy is showing signs of improvement. It seems that being happy about what we're doing is the most important issue.

Job satisfaction has been ranked as the main motivating factor for staff, according to the survey of more than 500 workers in various companies across all industry sectors.

The youngest workers (the 18-to-24 cohort) and oldest workers (the over-55s) are the most motivated.

But almost two-thirds of staff say bosses need to do more to boost motivation in the workplace.

Keith McCarthy, human resource director at Mazars, said having a strong, motivated workforce is crucial to ensure business objectives are achieved and absenteeism levels are kept to a minimum.

"A strong economy often creates a mobile workforce with greater employee expectations in terms of role, recognition and reward," he said.

"For employers this means creating an environment that provides challenging opportunities for employees while at the same time meeting their expectations."

As the economy improves, pay is seen as one of the main motivating factors, with nearly half of those surveyed saying it is important to them.

"As a result for employees still feeling the impact of the recession through pay freezes and pay cuts, increasingly their monthly/annual take home pay is now getting more attention.

"Employees are seeking a fair reward for delivering results."

But it's not all about money. More workers are looking for recognition and reward programmes instead of purely financial success.

Key findings from the survey include:

 A quarter of employees are more motivated than last year.

 Those in the private sector were fractionally more motivated than those in the public, at 83pc versus 88pc.

 Men are more motivated than women, at 87pc versus 84pc.

 Unsurprisingly, those starting out in their jobs are the most motivated.

 Financial benefits are a key motivating factor for 49pc, up from 31pc.

 64pc of workers say management need to do more to increase motivation.

 Work-life balance is considered more important this year than it was last year, with 44pc of staff citing this versus 26pc in the previous year.

The mix of companies surveyed include multinationals and large private organisations (27pc), public companies and semi-states bodies (26pc), not-for-profit organisations (13pc) and SMEs.

Irish Independent

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