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Money can buy happiness

For the first time in six years, money is rated the South African IT professional`s number one job satisfaction factor.
By Tracy Burrows, ITWeb contributor.
Johannesburg, 30 Apr 2004

[CHART]In previous salary surveys, money was rated below the top three job satisfaction factors. Work environment and career challenge seemed more important than the cash.

However, as predicted by recruiters earlier this year, employees are after the money now.

[CHART]A close second rating this year was access to cutting-edge technology. Also new were the high ratings for flexible schedule and training, while career growth slipped a notch - from last year`s third to fourth position.

On average, the respondents rated themselves as happy in their jobs, with around 66 percent either very happy or "loving the job". Only 10 percent were not at all satisfied.

[CHART]However, the ratios changed somewhat on the question of how happy people were with their remuneration. Nearly one third (32 percent) were not at all satisfied with their compensation. Around 57 percent accepted its as fair and 10 percent were "very satisfied".

[CHART]Not surprisingly, the salaries of the very satisfied group were the highest - at an average R34 298 per month; while the "not satisfied" respondents were earning the least - an average of R16 676 a month.

Related stories:
Methodology: How we did it
Sample: As young, pale and male as ever
Key findings: An up and down year for IT folk
Key findings: IT salaries at a glance
Career paths: The grass is greener on this side
Skills and certifications: Where the money is
Benefits and incentives: Pound of flesh raises
Job market trends: On the supply and demand see-saw

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