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Due to a variety of cultural and historical factors, the level of employee satisfaction in their jobs depends on age, new data shows. Workplace satisfaction is an integral part of retaining and recruiting new employees and growing a business or firm. Employers face some challenges in that the motivating factors for workplace satisfaction seem to differ radically between younger and older generations, but now they have the data to follow through with addressing these needs.
Statistics suggest that employees between the ages of 21 to 30 partially depend on managerial praise and recognition to be fully satisfied. Of this demographic, 30 percent would “strongly” recommend their workplace as a satisfactory environment. Of this younger age group, 39 percent agree that their manager/supervisor puts forward the maximum effort to recognize their achievements.
While younger workers want positive words, older workers want their performance measured. Parallel to this, data suggests that the older the worker, the more satisfied. There is a correlation between an increase in age and in incremental satisfaction. Senior citizens are the most satisfied workers, reporting a 95 percent satisfaction rate. Of employees between the age of 61-70, 47 percent would “strongly” recommend their workplace to others.
There are two different perspectives on satisfaction due to age in the workplace. For a business to be successful, there is a need to address both age groups. Not only will this have the effect of creating a more productive working environment, but it will also help retain workers.
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