What is your work happiness index?

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According to new research conducted by Curtin University in collaboration with Making Work Absolutely Human (mwah.), reveals that in 2017 around 12 million Aussies will have worked an estimate total of 20 billion hours. The average man can expect to spend half their lives working and the average woman 38 per cent.

Why should we care about this when running a small business? A happy working environment where workers feel valued can increase levels of productivity and reduce the amount of human resources devoted to settling workplace disputes. People who report job satisfaction at work are shown to have higher numbers of positive relationships and business performance.

Are you happy in your small business? Let us know by commenting below or sending us a message here. Here are 10 fascinating findings from the report:

1. Job satisfaction is key

The job itself has the strongest relationship with overall job satisfaction, outranking all other job aspects including pay, job security and job flexibility. Many of us will spend 100,000 hours of our adult lives working so creating the right environment in your small business is a key element to a happier life for both you and your employees.

2. How many Australians are ‘very satisfied’ at work?

Just over 40 per cent of Australian workers report being ‘very satisfied’ with their job security and 36 per cent are ‘very satisfied’ with their flexibility to balance work and non-work commitments.

3. Hard-working Baby Boomers

People who continue to work after the age of 70 are likely to be doing so not out of necessity, but because they love what they are doing. One third of baby boomers say they are ‘very satisfied’ with their working lives (the same amount as the youngest age group, Generation Z, 33 per cent)

4. The salary ‘tipping point’

Australian’s who report being ‘very satisfied’ with the job tend to earn a lower average amount weekly than those who are ‘satisfied’ – $1,182 compared with $1,267.

5. Which state has the highest job satisfaction?

Tasmania has the highest job satisfaction and comes first in three job categories – the job overall, the job itself and job flexibility. More than a third (35 per cent) of Tasmanian workers report being ‘very satisfied’ with their working life.

6. Which states ranked last?

Western Australia and Victoria are ranked last when it comes to workers who are very satisfied with their job overall.

7. Happier in small business

“Australians who work for themselves or in small businesses, in the not-for-profit or government sector and workers that can do some of their work from home each week are more likely to be satisfied in their jobs,” says Associate Professor Cassells of Curtin University.

8. Gender job satisfaction

Women report being more satisfied with their working lives (32 per cent) compared to men (27 per cent).

9. Regional workers have more job satisfaction

Why are people happier at work in regional areas? Australian workers living in remote and very remote regions are ‘very satisfied’ with their overall job (38 per cent). This is compared to only 27 per cent of Australians living in capital cities who say the same.

10. 38 hours working per week is ideal

Australians’ level of satisfaction with job flexibility and hours of work decline rapidly after 38 hours working per week. The difficulties of balancing work and other commitments increases the more hours you work. The average Australian woman works in a paying working role for 31 hours per week and men on average for 40 hours per week.

6 COMMENTS

  1. Over 70 makes me a ‘Nanaprenuer’. I am so happy running a biz from our retirement unit by the Bay and teaching others through streaming globally the heritage skills I learnt in 1964 – millinery or hatmaking. 80% of the business is coming from overseas and now that thousands are making headwear we will be launching our online hat store – hopefully up in time for Kentucky Derby sales. Helping others learn skills then set up a biz & make money gives me so much satisfaction. http://hatacademy.com/profile/ElaineMergard

    • Hi Elaine! Great to hear from you. What a wonderful small business! And a ‘Nanapreneur’. Love it! I’d love to do an article on you on the website and have sent you an email through your website. Please let me know if you are interested. Have a great day and let us know what you’d like to read more of on the site.

  2. I do agree -true ! To satisfy my personal needs I started my own business @ 30 and not looked back – nearly 50 years This I have found to be that I followed my natural instincts. At one time I employed 40 staff and later another business 8. then later 1,
    My understanding of myself had much to do with the help of Cathy Kolbe’s Conation test Ref Kolbe .com USA
    Hope this is helpful Glen

    • How amazing you have been working in your own small business for nearly 50 years. That is wonderful Glen! Good on you for having the courage at 30 to go your own way. It would be great to hear more from you and to hear what you’d like to read more of on the site.

  3. My earlier reply was for an international project but a very suitable survey would be helpful on a franchise basis to conduct the operation in any city Then go international A business plan is in place
    A DREAM!! -yes – but also ‘an adventure”. .Glen

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