People Prefer Job Stability Over Compensation

April 6, 2016

4:11 pm

With the release of the Panama Papers, the belief that greed is at an all-time high cannot be far from the truth. But while the world’s elite have been hiding their money to avoid taxes, regular people are just looking for a little stability in their financial situation. That’s right, the get-rich-or-die-trying mentality is fading from the picture and being replaced with work-life balance and safety nets.

A recent survey from the recruiting platform Woo showed that, at least in Silicon Valley, tech startups are hoping to get the stability and work-life balance that comes with cushy office jobs. It showed that nearly all participants lowered their expectant salary from quarter to quarter, some as much as $20,000 per year. In the same time period, the desire for work-life balance increased by 8 percent across the board.

This phenomenon is not exclusively linked to the tech startup hub of the world. A study done by the American Psychological Association showed that having stability and enjoying what you do are the most important aspects of career acquisition, at 67 percent. Compensation and benefits did make the list at 59 and 60 percent respectively, showing that money still talks.

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When it comes to job stability, what’s the bad news? The bad news is that having both stability, high pay and job satisfaction are nearly impossible. As Time found in researching multiple job-seeking websites, the most-stable jobs are the least interesting jobs, the highest-paying jobs are the least-stable jobs and the most interesting jobs aren’t stable or high-paying at all (“singer” was at the top of the list).

So what does that mean for your job search? It means that there is no super job that is going to fill you with satisfaction, money and stability. You, like everyone else, are going to have to find that one job that fits you perfectly and gets you the right amount of money for the right amount of work in a field that kind of interests you. Good luck!

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Conor is a writer, comedian and world-renowned sweetheart. As the Assistant Editor and Writer at Tech.Co, he’s written about everything from Kickstarter campaigns and budding startups to tech titans and innovative technologies. His background in stand-up comedy made him the perfect person to host Startup Night at SXSW and the Funding Q&A at Innovate! and Celebrate, posing questions to notable tech minds from around the world. In his spare time, he thinks about how to properly pronounce the word "colloquially." Conor is the Assistant Editor and Writer at Tech.Co. You can email him at conor@tech.co.

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