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This is how much money staff need to feel successful

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As the majority of Singaporean employees feel dissatisfied with their pay, you might be wondering exactly what salary employees would be happy with in order to feel valued and content in their roles.

CareerBuilder recently polled 3,372 American workers and 2,188 hiring and human resource managers to find out the pay levels at which employees feel content and successful, and discovered 66% want to earn somewhere between US$100,000-$150,000 per annum.

Almost six out of 10 workers (56%) also said they would be content if they earned between US$75,000-$100,000.

“The survey supports past research suggesting that the US$75,000 threshold is particularly significant, as this level allows households in most areas of the country to not only get by, but enjoy an ideal lifestyle and a secure future,” Rosemary Haefner, vice president of human resources at CareerBuilder, said.

“Interestingly, what workers would ultimately like to earn does not necessarily factor into what they need for a successful career.”

Indeed, most respondents reported they can feel successful without earning large paychecks. In fact, 55% reported they can feel successful making less than US$70,000.

Almost eight in 10 (78%) people stated they don’t think they need to earn US$100,000 or more to be successful.

The survey also highlighted men are nearly two times as likely as women to need US$100,000 or more (29% versus 15%).

“In many cases, success is relative to the type of work individuals do or their current career stage,” Haefner added. “Regardless of income, we found that workers tend to find success near their own salary level or in the range directly above.”

If you wish to find out more about crafting the best compensation and benefits packages for your employees, don’t miss Benefits Asia Interactive 2014!

Image: Shutterstock

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