3/02/2012

Something to remember the next time people say that government employees don't get paid enough

Economists have long used turnover rate as a proxy for how good a job is. I suspect that this measure is highly correlated with that. From Forbes:

Our list of the happiest and unhappiest industries to work in, compiled by CareerBliss, is based on more than 43,000 independent employee reviews. Those employees, all over the country, were asked to evaluate nine factors that affect workplace happiness. Those included their relationship with the boss and co-workers, work environment, job resources, compensation, growth opportunities, company culture, daily tasks, and control over the work done does on a daily basis. They evaluated each item on a five-point scale and also indicated how important it was to their overall happiness.
Heading the list of the unhappiest industries to work in is agriculture and mining, with an index score of 3.76. Agriculture and mining workers also expressed the most pessimism about growth opportunities and compensation.
“Often agriculture and mining jobs have lower salaries, and our data shows that workers in these areas felt that growth opportunity was limited, which can have a drastic impact on the way employees feel about their overall future,” Miller says. . . .
But the most blissful employees of all work for the government. With an index score of 4.07, government employees said they are more than satisfied with the people they work with and their daily tasks. They’re most dissatisfied with growth opportunities, compensation and company culture. . . .
The education industry follows close behind in the No. 2 spot, with a 4.06 index score. Workers in education are particularly happy with their boss and colleagues. . . .

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