Ask a cross section of the workforce, 'Are you happy with your job?' and the usual response is, 'It depends.' A majority will say that their job satisfaction depends on remuneration, rank and reward. Remuneration includes salary, compensation benefits and perks while rank entails authority and responsibilities and reward comes in the form of increment and promotion.
Study the three factors and it becomes evident that they are inter-linked.
A promotion comes with more responsibilities and higher pay and perks. Higher pay comes with salary increments from favourable appraisal. Higher pay warrants a rise in rank and position. It's a chain, all seemingly linked inseparably. But what if they don't inter-link?
If one is entrusted with more responsibilities but does not receive a raise or promotion, he or she becomes disgruntled and believes that workload is not commensurate with compensation and dissatisfaction creeps in. It's the same with a promotion without substantial increment.
So it is with an increment and no promotion.
If job satisfaction is so intrinsically linked to monetary benefit, sooner than later a breakdown in employee-employer relations is imminent.
The question is not if you are happy with your job, but if you are learning on the job? Are you developing management skills at work? Are you setting standards for others to emulate? Is your work appreciated? Are you consulted when important decisions are made?
If your answer is yes, you are least likely to wake up in the morning and say, 'Do I have to go to work today?' The key to job satisfaction is the motivation to work and needless to say, the three factors of remuneration, rank and reward get taken care of.