Bull Bear Report Mar 04 2011

Many Dissatisfied at Work, Few Looking Elsewhere, Study Says

By kyle stock

Griping about your job is one thing; doing something about it is something else entirely.

When it comes to hunting for a better position elsewhere, most of us don't bother, according to a survey released this morning by Accenture. Almost half of the 3,400 workers questioned by the technology consulting firm said they were dissatisfied with their jobs, but only 30% of respondents had any plans to switch employers.

The more common strategy was to build up experience and look for a better opportunity in-house.

"There's still a sense of commitment to take action with their current employer," said LaMae Allen deJongh, the author of the study and Accenture's managing director for human capital and diversity. "We interpret that as an opportunity."

And while feeling underpaid was the biggest complaint, only about half of those surveyed had ever asked for or negotiated a pay raise.

If companies aren't in a position to hand out raises, deJongh said they should offer promotions, greater responsibility and flexibly work arrangements to keep employees happy.

There is some evidence that job dissatisfaction is running particularly high. A recent report by the Conference Board, a nonprofit, New York-based research firm, found that 55% of Americans are dissatisfied with their jobs, the highest level in 22 years. Respondents also said the best part of their work as the company of colleagues and the commute.

No doubt, much of the recent discontent is tied to the economy at large. Those still in the workforce are likely doing more and earning less -- or at least not much more -- than they were a few years ago. And many are likely slogging away in positions they have little interest in.

Then again, there are almost 14 million people still looking for work -- something to consider next time you feel like griping about your paycheck.

Write to Kyle Stock




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