12 Finance Monthly. The Monthly Round-Up WORKERS IN BANKING SECTOR HAPPIEST IN THE UK Employees working in banking have the highest levels of job satisfaction, according to new research, with 75% of staff prepared to recommend their company to a friend. Banking ranked above the legal and education sectors for overall employee happiness, despite its reputation as an industry with high pressure and a poor work-life balance. The research, conducted by equity management platform Vestd, compared businesses across a range of sectors, looking at CEO approval ratings and “recommend to a friend” scores on Glassdoor, as well as average employee tenure according to LinkedIn. Its data shows 84% of workers in the banking sector approve of their CEO, and staff stayed with their employer for more than six years on average. Explaining the findings, Ifty Nasir, CEO of Vestd, said that keeping workers happy was “just the start” for business leaders. He said: “Feeling happy in your job is a massive part of your general wellbeing and employers are increasingly aware of the importance of staff satisfaction, but happiness should be just the start. “Taking employee happiness to the next level and generating employee engagement, where staff are highly motivated and genuinely invested in their company’s success, can have a huge impact on the bottom line. “Engaged staff are significantly more likely to be more productive and contribute to a positive workplace culture - key ingredients for any growing company.” Also in the top five of the happiest workers are those in the insurance and automotive sectors. While logistics workers sat at the bottom of the table with only 48% of staff prepared to recommend their company to a friend and only 59% approved of their CEO. The travel sector was second from bottom with just 58% of workers recommending their company and 64% rating their CEO. The recruitment industry had the lowest employee tenure with workers staying on average three years. SECTOR CEO APPROVAL RATING (% BASED ON GLASSDOOR) RECOMMEND TO A FRIEND SCORE (% BASED ON GLASSDOOR) MEDIAN EMPLOYEE TENURE (IN YEARS, BASED ON LINKEDIN) BANKING 84% 75% 6.2 LEGAL 85% 71% 4.5 EDUCATION 73% 73% 4.9 INSURANCE 73% 65% 5.9 AUTOMOTIVE 76% 65% 5.3 IT 80% 71% 4.2 FINANCIAL SERVICES 76% 71% 4.5 RECRUITMENT 82% 75% 3.3 MANUFACTURING 70% 64% 5.5 UTILITIES 75% 62% 5.1
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