Only 55 per cent of Australian employees are happy at work, a new survey released today by jobs website SEEK has found.

Just over 1200 workers across a broad range of ages, industries and locations were interviewed as part of SEEK’s inaugural Workplace Happiness Index.

The study showed there was one clear factor driving workplace satisfaction – having a purpose at work.

Participants in the survey considered having a purpose even more important than their work-life balance and how much they got paid, which ranked only eighth and ninth respectively.

Other factors workers considered most important were their manager, day-to-day responsibilities, company culture and stress levels.

“What’s quite revealing in this Index is that having a meaningful purpose, followed by a great manager has a bigger impact on workplace happiness than money and job security, Aimee Hutton, SEEK’s Head of Customer Insights and Strategy comments, said.

“It’s uncovered a clear opportunity for employees and employers alike to consider ways to drive greater fulfilment and connection at work.”

Transitioning Well Co-Director and organisational psychologist, Justine Alter, said many Australians were facing big challenges financially and at work so it was not surprising to see such a bleak result in their happiness levels.

“Many working Australians are struggling with financial uncertainty, and many of us are still grappling with the constantly changing way we work, so it’s unsurprising to see only 55 per cent of people are happy at work,” Alter said.

“We need to acknowledge this intersection, as it’s just as important to support workers to live well, as much as it is to support them to work well. 

“From an individual point of view, we know that happiness can be a protective mental health factor, and can lead to a longer, healthier life. At an organisational level, there are numerous studies to suggest that happier workers are more productive, highlighting its importance.”

When it comes to the different generations, Gen Z – the youngest generation of workers, Gen Z, is the least content, according to the survey.

Only 50 per cent of Gen-Z participants said they were happy at work, with a lack of career progression and their company’s commitment its sustainability and ethical impact.

On the flipside, Baby Boomers are the most happy at work, with 61 per cent of employees surveyed expressing satisfaction with their job.