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Eight Factors That Correlate With Increasing Job Satisfaction
August 1, 2007

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

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