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​Does Money Matter?

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Money may not buy happiness by where does it rank in workplace satisfaction?

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According to economists, Glassdoor and anyone else who has written on the subject, workplace happiness factors rank something like this:

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1. Culture & Values

2. Quality of Senior Leadership

3. Career Opportunities & Training

4. Work-life balance & flexibility

5. Appreciation

6. Remuneration

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I find the above to be accurate when people are reflecting on the role they currently occupy. If they are experiencing a difficult manager or poor company culture, it will be front of mind.

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However, I also find that something different happens when people are deciding on a new role – remuneration rockets up the list. Remuneration is a key factor (among others) in the attractiveness of a new opportunity.

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So, does money matter? Well, money certainly helps to get people in the door, but the other factors will determine how long they will stay.