Recruiters, take note: TheLadders data found that salary does have an impact on job satisfaction, but only up until a certain point.
We recently analyzed job satisfaction across the US based on a variety of factors: location, salary level, and job function. The infographic at the bottom of this post displays our key findings.
One key takeaway for recruiters: salary has a big impact on job satisfaction, but only up until a certain point. According to our research:
Professionals making or “about to make” $100k proved to be the happiest, meaning there is a psychological factor in starting to make six figures even though the difference between $90k and $100k is nominal in your take-home pay.
Additionally, the trend data shows quickly diminishing returns on incremental salary as employees near the $200k mark. Across all industries, professionals reported being less happy the more money they made after $170,000 per year. Think about that: on average, professionals making $240,000 a year reported being slightly unhappier than those making $40,000.