It may be both cheaper and more effective for employers to try to boost job satisfaction and trust than to increase their pay, according to a new study of Canadian workers John Helliwell and Haifang Huang. Published as NBER working paper No. 11759, How's the Job? Well-Being and Social Capital in the Workplace, the authors find that workers highly value task variety, skill intensity, having enough time to do the job and a work environment where they trust their boss.
Added on May 19, 2006