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Higher salaries do not necessarily lead accountants to be happier in their jobs, with workplace environment and career development opportunities vital in job satisfaction levels, a report shows.
Job satisfaction trumps pay for accountants, new report shows
27 March 2019
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7 minute read
Sydney accounting recruitment firm Richard Lloyd’s salary and market report showed that staff who get higher salaries and benefits aren’t necessarily happier in their jobs.
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Instead, the factors that improve workplace satisfaction the most are feeling valued, having good career development opportunities and, to a lesser extent, pay transparency.
The next highest priority for accounting staff in terms of job satisfaction was flexibility and the ability to work from home.
Other recommendations for improving job satisfaction were improving internal communication and reducing organisational politics.
The report also examined the work capacity of accountants, with 35.96 per cent feeling overworked and highly likely to seek out new employment.
Of this group, those who did not benefit from flexible working arrangements was 40.66 per cent more likely to consider new opportunities, compared to 25.7 per cent with job flexibility.
“In terms of talent attraction and enabling employees to better balance their work and personal lives, this also highlights why employers should be open to offering flexible and remote work arrangements,” said the report.
“Taking all of the above recommendations into account, an organisation could improve overall job satisfaction by about 20 per cent simply by communicating more clearly with staff, reducing meetings and internal politics, and providing more flexible work conditions.
“These are all low-cost solutions which could make a significant impact and definitely warrant consideration going forward.”
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