Connect with us

NEWS

Over half of Brits have taken a pay cut for a job that made them happier, according to Wrike survey

Over half of Brits have taken a pay cut for a job that made them happier, according to Wrike survey

Wrike Happiness Index reveals the UK workforce is looking for a more productive, manageable, and happier workplace

According to a survey commissioned by Wrike, the collaborative work management (CWM) platform for high-performance teams, over half (54 percent) of UK full-time employees have taken a pay cut to accept a job that made them happier.

Wrike’s Happiness Index polled 4,000 workers in the US, UK, Germany, and France. The compensation, benefits, and perks data set found that, in addition to accepting less money in exchange for happiness, UK adults were also largely uninterested in perks. When asked what the most important benefit in relation to happiness at work was, over a third (34 percent) said they ‘don’t care about perks’.

“The results of Wrike’s Happiness Index suggest that work perks should be replaced by measures that increase happiness, productivity, and flexibility,” said Patricia DuChene, GM EMEA at Wrike. “Measures include working from home and flexible hours. The fact that over half of the UK is willing to take a pay cut in exchange for happiness shows how priorities have changed. It should also serve as a wake-up call for employers – if your staff isn’t happy, they will go elsewhere, no matter how good their salaries are.”

The Wrike Happiness Index also indicates that Britain may be ready for a 4-day working week, as was recently discussed by the Trades Union Congress. Nearly half (49 percent) said that they would be more focused and productive if they worked for four days a week and over a quarter (28 percent) said they could do their job as effectively in that time, on the basis that their company invested in the right technology, including Collaborative Work Management tools.

“The growing interest in a 4-day work week underscores the need for greater work flexibility. The traditional 9-to-5 is no longer realistic with today’s digital work, but that doesn’t mean people should have to sacrifice life-work balance. Companies that provide their employees with technology that enables more efficient processes and increased productivity will be able to offer the kind of flexibility and balance people are truly looking for and, in turn, will reap the benefits of having a happier workforce,” added DuChene.

Additional key findings:

  • Globally, more men (50 percent) had taken a pay cut to accept a job that made them happier by comparison to women (37 percent).
  • When asked which reward they would pick if they were given the choice, the most popular choice for UK adults was a gift card (38 percent), followed by going home early (26 percent).
  • Globally, more than one-quarter (28 percent) said the most important perk in relation to their happiness at work is more or unlimited paid holiday time.

The complete Wrike Happiness Index will be available in May 2019.

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Recent Posts