When it comes to compensating your employees, consider this: Salaried workers in the U.S. are happier about their jobs than their hourly wage counterparts.
That’s according to a recent analysis by Gallup. When asked about their satisfaction with various aspects of their job, salaried workers were more likely to say they were completely satisfied with their pay and benefits and hourly workers were less content with intangibles such as job security, opportunities for promotion and being recognized for their accomplishments.
Among the differences, salaried workers were 12 percent more likely to be satisfied with the amount of money they earn (41 percent vs. 29 percent for hourly workers) and 15 percent more like to be satisfied with the amount of vacation time they receive (65 percent vs. 50 percent).
On the flip side, hourly workers were 6 percent more likely to be satisfied with the level of on-the-job stress and 4 percent more likely to be satisfied with the amount of work that is required of them.
Need more? NJBIA’s Member Action Center can help with compensation and benefits questions. Contact 1-800-499-4419, ext. 3, or member411@njbia.org.
Very interesting article. I actually would have thought hourly would be more satisfied, I use to work at a job where I worked about 13 hours a day and then on the weekend, so considering I was salary it was a pretty good deal for my company.
I did enjoy the job and the work, but when I broke down my salary to an hourly rate it was not that much.