With extensive job cuts over the last six years and ongoing prudence around pay, financial service employees have every right to feel a little gloomy in the workplace, and yet the majority of people working in the industry are still happy in their roles and the majority are not looking to leave their current job.
Only 34% of finance professionals in London responding to the FinancialCareers Career Satisfaction & Retention Survey and 36% in Hong Kong said they were actively looking for a new job. This rises to a high of 53% in the Middle East, 43% in New York and 41% in Singapore. While these proportions are relatively high, it’s only in the Middle East where the majority of employees are actively looking to switch positions.
But a good basic salary was deemed important, with 49% saying they were motivated by how much they were paid
“The decline in job satisfaction and employee engagement revealed by the Government’s Skills and Employment Survey makes for worrying reading for businesses, the economy and wider society. But CIPD research shows that the voluntary sector appears to be bucking this trend, with valuable lessons to be learned for the private and public sectors. Nevertheless, we … Continue reading
It may appear the UK is a connoisseur in the job satisfaction market, and that the double dip recession is the antidote for increasing happiness at work, but there is a caveat: our European compatriots are fields ahead of us in this area: The stark reality is the satisfaction we have with our jobs and … Continue reading