Analysis

Survey analyses

Survey analysis has become a necessity in most economists’ toolbox. It has the advantage of being highly flexible and can be adjusted to the exact needs of the specific analysis. However, this flexibility also makes survey analysis a difficult discipline, as the survey design is crucial for the respondents’ understanding of the survey and to get useful results, which can be used for further analyses.

Cases

Job satisfaction pays off – a study of the value of job satisfaction

Society has a lot to gain from investing in job satisfaction.

 

This is the initial conclusion of a long-term research project for Krifa’s Job Satisfaction Knowledge Centre. The goal of the project is to create new knowledge about the economic importance of job satisfaction to society. The analysis is based on a large-scale survey among 4.500 Danish employees, carried out by Statistics Denmark. The data shows that job satisfaction is highly valued by employees: The average Danish employee attributes a value of DKK 155.000 to an increase in job satisfaction from the average to the upper end of the distribution.

 

Highly relevant for employers, the data also shows a strong association between job satisfaction and labour market movements. Notably, employees are much more likely to remain with their current employer if they are satisfied with their job. Moreover, high job satisfaction is associated with fewer sick days and low stress.

 

In the next phase of the project, we will study the association between job satisfaction and measures of organizational performance.

Market analysis for the plumbing and electrician industry

Plumbing and electricity companies have been performing well for many years, and the employment was in 2019 on a record high level.

 

The plumbing and electricity companies are performing well. That is the overall conclusion of the new report Kraka Advisory made for TEKNIQ Arbejdsgiverne. In this report, we analysed the general state of the Danish economy, along with the production and labour market for plumbers and electricians. Since 2013 the industry has seen high growth rates in revenue and employment, with the unemployment rate decreasing to a point that it could hinder continued growth in the sector. The positive trends for revenue and employment continued in 2019, but at a slower pace. The slower pace might be something the industry will have to get used to in coming years, as construction is projected to slow down in the coming years, and as the crisis following the Coronavirus creates an uncertain future for the companies.

 

Tekniq Arbejdsgiverne

 

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