Eight in 10 UK workers value recognition and a good relationship with their colleagues over a big salary, research carried out by the Association of Accounting Technicians reveals (AAT).
In its survey of 2,000 UK employees, the AAT found that pay was the sixth most important factor for people staying in their current job, with getting on with colleagues and bosses and enjoying the job the most important. An easy commute was also deemed more valuable than a big pay packet.
Overall, employees wanted to have greater responsibility the most in their job, with 15% of employees saying they disliked their current job because it was dull and unfulfilling or their boss did not appreciate them.
Eight in 10 of the 2,000 employees surveyed said they would simply turn down a job that paid more if they did not get on with their workmates.
The results echo those released last month which found employees would prefer better benefits and to be thanked more than a pay rise.
Chief executive Mark Farrar said the results showed that money was clearly not one of the main driving factors when it came to boosting workplace happiness.
"Of course, life dictates that we earn as much as we can to maintain or improve our circumstances, but most deemed working with good people or in a role they feel valued in as more important than the salary.
"Most of us will spend the biggest portion of our lives working and it's important that any job we have enhances us both professionally and personally," he added.
"Many respondents had turned down higher paid jobs because it would have meant less time with the family and a poor work-life balance."
Over a quarter of respondents had said no to a job promotion or opportunity because it would mean spending less time with their family.
In addition, a third of employees had left a job despite it being well paid because the added pressure was not worth the hassle. Three quarters of respondents said they would also struggle to accept a job if it meant added stress.
"It's interesting how much status and recognition play a big part in happiness at work alongside the promise of progression and building towards something more," Farrar added.
"This is why we always encourage people to take control of their careers by retraining or via other methods, to ensure ultimately they find something that fulfils them."
The most important factors for UK workers in a job include:
The top 10 reasons why individuals stay in their current job include:
Sign up to the free weekly newsletter from the editorial team at Workplace Savings & Benefits.Newsletter sign up
Check out who's made the 2015 shortlist and book your table today. For more information follow this story to the event homepage.
The programme for this year’s Professional Pensions Defined Contribution Conference – to be held in both London and Birmingham in September – has been announced.
Benefex have created a guide to communicating your reward and benefit scheme. This guide will help you build a rock-solid business case for investing in communications, help you review what you currently have in place and present new and innovative channels.
This guide will help you identify historic elements of schemes that are no longer relevant, different ways to adjust the level of premiums you pay and also get an understanding of whether your current benefits package is appropriate and delivering value for money.