More than half (57 per cent) of Canadian employees say they’d feel happier in the workplace if they got a raise, according to a new survey by ADP Canada Co.
The survey, which polled more than 1,200 employees, found roughly a third said a bonus would make them happier (35 per cent) or more vacation days or time off would help improve their overall happiness at work (31 per cent).
Employees’ overall happiness declined slightly from 6.7 in February to 6.6 in March, with all secondary indicators reporting a decrease and falling below levels registered in March of last year. Roughly two-fifths (43 per cent) of workers said they felt satisfied in their current role and responsibilities.
Read: Work-life balance driving Canadian employees’ happiness: survey
Work-life balance continued to have the highest happiness score; however, it declined from 6.9 out of 10 points in February to 6.7 points in March. This was followed by recognition and support (6.5 points), compensation and benefits (6.1 points) and options for career advancement (6.0 points).
While baby boomers remained the happiest generation for the 15th consecutive month (7.2 points out of 10), they had the steepest decline in March (negative 0.5). Generation X and Z employees tied at 6.6, while millennials became the least happy generation at work, with a score of 6.5/10.
“Compensation remains a top concern for workers nationwide,” said Heather Haslam, vice-president of marketing at ADP Canada, in a press release. “Inflation is ever-present and one of the external factors we suspect has impacted happiness levels over the past year. As employers and workers navigate economic changes, tools that support pay transparency, clear lines of communication and regular check-ins with employees can help workers feel secure and confident in their current role.”
Read: Gen Z employees reporting decreased happiness at work: survey