They say you can’t buy happiness and this appears to be true for the majority of UK professionals. The latest data has found that twice as many workers believe that enjoying their jobs (83.6%) is a better measure of career success, than having a high salary (42.4%).
With the help of the CV Library’s latest statistics we explore these findings in more detail, offering some helpful tips for employers on how they can ensure their staff are satisfied at work.
Defining career success
The CV Library survey asked UK professionals how they felt about their careers and whether they feel they’re on the road to success.
While 79% said that career success is important to them, the majority (64.1%) of workers felt that they hadn’t achieved career success yet.
Yet, it appears that outside influences determine how professionals feel about their own accomplishments. Just over one in four (28.4%) workers believe that their career success is defined by how others see their achievements.
Workers were also asked to share how they measure career success, the top five responses include:
- Enjoying what you do – 83.6%
- Being proud of what you’ve achieved – 73.8%
- Doing a job that makes a real difference to people’s lives – 57.1%
- Working for a company you love – 54.2%
- Earning a high salary – 42.4%
Workers are putting happiness first
In light of these finding, Lee Biggins, founder and managing director of CV-Library outlined his views on how companies can ensure they’re meeting their employee’s career priorities: “It’s positive to see that workers rate job satisfaction as the top measure of career success. This suggests that they’re putting their happiness first. It’s also evident that the company they work for plays a big role in how they view their success. As an employer, this proves that you need to prioritise employee engagement in your workplace.
“That said, it’s concerning to learn that one in four professionals define their career success by how others view them, not themselves. Employers need to promote a culture where all achievements are celebrated, helping workers feel proud of their individual successes.”
A clear age difference
Professionals were also asked at what age they believe you should have achieved career success. A quarter (23.6%) believe that you should have achieved career success by the age of 40.
However, 46.2% of under 18s and 37% of 18-24 year olds said that you should have achieved career success by the time you’re 25. That’s compared to just 2.6% and 5.6% of those aged under 24 choosing the age of 40, respectively.
Lee Biggins shares his thoughts on these findings: “When starting out in their careers, it’s evident that younger professionals are keen to find success early on. As their biggest measure of success is enjoying what they do, this is more achievable than hoping to have a through the roof salary at such as young age.
“It’s great to see that the next generation are ambitious and have high hopes for their careers. Employers need to ensure that the opportunities are there for workers to have career development; offering internal promotions, salary reviews and regular catch-ups with their teams.”
Job satisfaction is important
To sum up, it’s positive to see that job satisfaction is the most important indicator of success for professionals. While, some may work to make ends meet, it shows that money doesn’t necessary make people feel happy or successful.
However latest figures from the Recruitment & Employment Confederation (REC) highlight that Starting salaries are increasing at second-fastest rate in over three years as staff vacancies continue to rise at a historically marked pace demonstrating that employers should focus on staff engagement and the creation of a positive culture.
As an employer, ensure that you prioritise staff satisfaction to help employees feel fulfilled and engaged with your company.
You can view the CV Library’s press release on their latest survey results here.