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Home | Salary Survey | Eight Factors That Correlate With Increasing . . . Search 
Budgets Are Tight!
Eight Factors That Correlate With Increasing Job Satisfaction
August 1, 2007
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We believe that our data on job satisfaction are among the most important in the entire survey. After all, we spend more time on the job than most anyplace else, including time sleeping or with our family. So knowing the factors that relate to increasing - or decreasing - job satisfaction is pretty important.

We run the data on job satisfaction against every variable (over 140) in the survey to determine which are correlated to a statistically significant level. And we calculate correlatioin using a variable known as "Pearson's coefficient," which ranges from 0 (total randomness) to 1 (the numbers run exactly together). Keep in mind that correlation does not always imply causation.

Here are the results of our study showing factors most highly correlated with increasing job satisfaction:

Positive Correlations
Those who believe senior management is in touch with the contribution of credit .353
Those who believe their compensation package is fair .340
Those who feel they are working closer to their potential .171
Those expecting a bonus .160
Those expecting a higher increase in their base salary this year .148
Those whose job performance is evaluated based on their ability to manage staff .153
Those expecting a higher standard increase for their credit department .146
Those who rank "challenge" as an important source of job satisfaction .143

Download the Full Report Now
Members of this site can download the full 2007-2008 Credit Today Salary & Job Satisfaction Survey by clicking here.

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Budgets Are Tight!