Filipino employees are starting to become less satisfied with their jobs, according to recent survey findings by job searching website Jobstreet Philippines. The longer they stay in a company and higher they move up the corporate ladder, they tend to become dissatisfied with their jobs.
Probing on the reasons for decrease in job satisfaction at a later point in time on job, the employees who earlier expressed satisfaction showed decreasing interest as they grew up to higher ranks in the company.
Fresh graduates posted the highest satisfaction rating (79 percent), followed by junior executives (70 percent) and supervisors (66 percent), Jobstreet Philippines Marketing Director, Yoda Buyco was quoted by Business Inquirer.
The survey findings noted that, those who were less than a year into their jobs registered the highest satisfaction rating (75 percent), followed by those with a tenure of between one and three years (72 percent), and between three and five years (65 percent). Those with more than 5 years into their jobs, posted the lowest satisfaction rate at 62 percent.
“The basics are the ones that make you happy at first,” explained Buyco. “And then you yearn for more, in terms of your contribution to the company and the opportunity to perform,”
The study findings were drawn from the responses of over 7,500 participants from across the country, almost equal split among males (51 percent) and females (49 percent), with the majority of the respondents coming from Metro Manila (55 percent).
Generally, Filipino employees expressed job satisfaction at 70 percent – of which 55 percent were “quite happy” and 15 percent “very happy”. Philippines posted the highest job satisfaction rating five Southeast Asian territories surveyed.
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The Philippines was followed by Thailand with 59 percent and Singapore with 51 percent. Employees in Hong Kong and Indonesia were the least satisfied with their jobs, posting 37 percent and 28 percent, respectively.
“Salary, company benefits and incentives” topped among the reasons for reasons for employees’ satisfaction (64 percent); followed by “job role” (62 percent); “learning and development programs, and career growth” (60 percent); “working environment, culture, and work-life balance” (59 percent); and “relationship with colleagues and superior” (56 percent).
However, employers share a different viewpoint here. The survey notes that most employers find employees’ satisfaction important, wherein regular “regular salary reviews” topped their measures to boost workers’ happiness at 68 percent, followed by “learning and development programs” with 59 percent.
A minority of the employers (35 percent) cited “proper on-boarding and job expansion,” followed by “regular town hall meetings and internal communication” (27 percent), and “flexible work hours.”
Only 19 percent of the employers said they improved employee satisfaction through “camaraderie-boosting programs” such as team-building activities or sports fests.
Another interesting fact is although most Filipino employees claim satisfaction in their jobs, many employees continue to look for career shift. Forty-six percent of the employees said they planned to move within the next 12 months, and another 18 percent in the next year or two, for an aggregate score of 64 percent of the entire workforce. Twenty-seven percent were “undecided” while a mere 9 percent gave a definite “no.”
Philip Gioca, Jobstreet Philippines country manager noted, “When a worker leaves the company, the majority of the employers (66 percent) said they “take note of their concerns but do not stop them from leaving. Only 29 percent said they try to “address the concern or make a counter-offer.”
News source: Inquirer.net
Also read: Singapore, Malaysia and Philippines show declines in online hiring activity in 2015
Image credit: wikimedia.org
