The techno-economic spectrum today witnesses a whirlwind change in the walk of life. A high-paid job, with flexible working hours and all the perks that accompany, is a pie-in-the-sky situation. The cutting-edge scenario is all about choosing what’s better – A high-paid work culture or a good work-life balance. Primarily what appends along in the corporate world is Occupational Stress.
According to Princeton Survey Research Associates, 75% of employees think that today’s workers are more stressed out. It’s not completely unreasonable given the fact that satisfaction, being the end product of all, is subjective. Inherently so, job productivity depends on employee satisfaction.
Look up for definitions and synonyms of stress and the common presence under the veil would be Job-related. As per the recent LinkedIn study, 52% of all professionals describe their job as stressful. Research says that the average person will spend 90,000 hours at work over a lifetime which is almost half of his waking hours. Unveil the veil further and we have stress that comes with high-paid jobs that force people to deviate from normal functioning, hence, the stress. The Linkedin study also depicts that 26% of people making more than 250,000 a year, said they were unsatisfied with their jobs.
Sure thing, high salary leads to higher stress but does that in any way espy the satisfaction story? The study reveals contrary results.
A subtle observation also points out to stress due to financial insecurity. The fact is still absconding behind single glance observations that say the only category responsible here is low financial status wherein high salary jobs come with another pocket full of insecurities. The adaptation to better lifestyle banks on asynchronous increment in salary and cannot be afforded to manoeuvre in an ebb and flow with it. Private firms and Multi-National Corporations pay for productivity. The moment it descends, your income is a gamble. The 9-5 work hour couldn’t be the one where you can yawn upon your desk, the clock keeps ticking.
High Salary – High Expectation
We’re sold the idea that we’re lucky if we have a job with a fat pay-check that pays our bills and add up to the saving accounts. What one fails to realise is that payment upsurge results in the expectation level to rise up too.
The LinkedIn study also highlights the fact that majority of high-paying jobs are not satisfying as well. 81% of people who have a moderated salary that falls between $50,000 and $75,000 are the most satisfied.
High Salary – High Competition
Globalisation, Technological progression, rising market competition leads to rise in potential risks too. Today’s competitive cut-throat market can’t be turned down with a blind eye. Usually, the roles of the top-executives require more time and obligation. Their pay rise isn’t just about increased appreciation. Changing technology, longer working hours takes to the breaking point.
Millennials: The Most Unsatisfied Generation
The study also points at some of the most surprising facts. Millennials who are the early adopters of technology, gadgets and believe in ‘live life king size‘ is the most unsatisfied generation despite being least stressed out from their job.
Let’s face it – There’s nothing like a lucrative paycheck in hand but then that pay-check can sometimes have that sinister grin on it. Before one realizes, they are completely hooked onto the fetching, fat pay-check. Imagine the kind of stress, a doctor feels at his workplace when encountered with “It’s a matter of life and death.” One can always go green with envy about the surgeon’s pay-check but can baulk thinking about the stress they go through while working with blades and scissors. Talk about the stress a white-collared official faces when slapped with a threatening deadline. Millennial suffer too whilst caught in the golden handcuff. The more numeration you receive, the more stressful your job is.
Believing that salary is an investment and not a cost might prove beneficial. Climbing up the corporate ladder, one must understand Job stress and a need to address it. Conscientious efforts to bridge in the correlation between High Salary and Job-Stress needs to be made. Because who else is unaware of Employee Attrition?