Most Workers not in Love with Their Jobs

February 14, 2008 (PLANSPONSOR.com) - Apparently, these days, people in love with their work are few and far between.

The latest indication of that comes in an unusual survey by a Dublin, California, personnel search agency that found among 1,215 working adults fewer than one in 10 would “marry” their job if it came back to life as a person.

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A news release from survey sponsor Taleo Corp. said respondents were given five possible responses:

  • I like my job so much I’d marry it,
  • I like my job enough, I’d date it seriously,
  • It’s ok, I’d date it casually,
  • I don’t like it, it won’t last long, or
  • I hate it, I want to break up with it immediately.

The survey found most respondents are pretty lukewarm on their current job posting. Only 9% of respondents said they love their job so much they would marry it. Approximately one-third (34%) said they like it, while half of respondents either think it’s ok (43%), don’t like it (9%), or hate it (5%).

Those over 55 years of age are more likely to love or like their job (53%), compared to 18-34 year olds (37%). More 18-34 year olds said their job is ok (44%), compared to 55+ year olds (39%).

Nearly half of respondents earning more than $75,000 per household (49%) said they love or like their job, compared to roughly one-third of respondents who earned less than $35,000 per household (36%). Nearly half (48%) who earned less than $35,000 per household said their job is ok, compared to a little over one-third of those with household income greater than $75,000 (38%).

Respondents who live in the West are more likely to like or love their job (48%), compared to those in the Northeast (39%).

Respondents who are married are much more likely to love or like their job (50%), than those who are single or have never been married (29%). Some 47% of married respondents said their job is ok, compared to 41% of never-been-married respondents.

Mutual of Omaha Offers Managed Accounts, Target Date Funds

February 13, 2008 (PLANSPONSOR.com) - Mutual of Omaha now offers managed accounts and target date funds for use in retirement plans.

A Mutual of Omaha news release said it is partnering with 401k Toolbox, by PMFM, for its managed account option. The offering provides a variety of investment portfolios that can be selected automatically based on age or individually based on an individual’s investment preferences.


According to the announcement, Mutual of Omaha also is offering Mutual GlidePath portfolios as a default investment. Consisting of a series of nine target date funds, the Mutual GlidePath portfolios provide participants with an investment strategy based on projected retirement dates.

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Both offerings are designed to satisfy the new Qualified Default Investment Alternative (QDIA) regulations.

“We understand the challenges that today’s plan sponsors face when selecting default investments on behalf of their participants. While they clearly want to do what is best for their employees, they must also consider their fiduciary obligations,” said David Ahrendt, vice president of Retirement Services at Mutual of Omaha, in the announcement.


More information is at www.getretirementright.com .

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