Almost two-thirds (65%) of UK employee respondents would take a pay cut in exchange for a better work-life balance, according to research by LinkedIn.
Its Work satisfaction survey, which surveyed 10,000 employees and 3,700 HR professionals across eight countries, including 3,001 employees and 517 HR professionals in the UK, also found that 58% of UK employee respondents would take a pay cut in order to feel happier in their jobs.
The research also found:
- 66% of employer respondents believe that salary is the main driver of employee satisfaction.
- 54% of UK employee respondents name salary as the key driver of satisfaction.
- More than a third (38%) of UK employee respondents place the highest value on work-life balance, 44% cite work that has a positive impact as the key driver of satisfaction, and 54% view relationships with colleagues as the biggest driver of satisfaction.
- 40% of UK employee respondents feel very or completely fulfilled in their current job.
Dan Dackombe (pictured), director of talent solutions at LinkedIn, said: “With only 40% of UK professionals feeling very or completely fulfilled in their current job, and more than three-quarters ready to move if a better offer comes along, employers have some work to do not only to ensure they’re attracting, but also retaining, top talent.
“Our research reveals that professionals today are driven not just by salary, but by the softer aspects of the job including relationships with colleagues, having a healthy work-life balance and doing work that has a positive impact.
“Employers now need to listen to their staff and bridge the perception gap by prioritising the aspects of a role that really matter to their employees.”