Worker well-being and quit intentions: is measuring job satisfaction enough?
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Title: | Worker well-being and quit intentions: is measuring job satisfaction enough? | Authors: | Pelly, Diane | Permanent link: | http://hdl.handle.net/10197/12957 | Date: | Apr-2022 | Online since: | 2022-06-30T15:37:45Z | Abstract: | While the links between worker well-being and quit intentions have been well researched, most studies to date rely on a very narrow conceptualisation of well-being, namely job satisfaction, thus ignoring the documented multidimensionality of subjective well-being. This paper explores whether this approach is justified. Using novel survey data, I compare the extent to which hedonic (job satisfaction; positive and negative affect) and eudemonic (disengagement; satisfaction of basic psychological needs at work) well-being indicators individually and jointly explain variation in the quit intentions of 994 full-time UK workers. Well-being indicators perform well overall, explaining four to nine times more variation in quit intentions than wages and hours combined, with the disengagement measure performing best. I find systematic differences in the hedonic and eudemonic well-being profiles of workers who report positive quit intentions and those who do not. A composite model containing all seven indicators offers the best fit, explaining 29.4% of variation in quit intentions versus 24.0% for job satisfaction on its own. My findings suggest that the standard single-item job satisfaction indicator is probably good enough for organisations who are looking for a quick and easy way to identify workers who may be most at risk of forming positive quit intentions. For organisations seeking to develop effective preventative quit strategies however, supplementing single-item job satisfaction with multifaceted well-being indicators is likely to yield valuable additional insights into workers’ experiences which can inform the design of targeted interventions. | Type of material: | Working Paper | Publisher: | University College Dublin. School of Economics | Start page: | 1 | End page: | 42 | Series/Report no.: | UCD Centre for Economic Research Working Paper Series; WP2022/15 | Copyright (published version): | 2022 the Author | Keywords: | Voluntary turnover; Quit intentions; Employee retention; Worker well-being; Experienced utility; Decision utility; Job satisfaction; Engagement; Affect | JEL Codes: | I31; J280; J220; J260; M5 | Language: | en | Status of Item: | Not peer reviewed | This item is made available under a Creative Commons License: | https://creativecommons.org/licenses/by-nc-nd/3.0/ie/ |
Appears in Collections: | Economics Working Papers & Policy Papers |
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