The Edenred Barometer, conducted by Ipsos among 7,200 European workers, including 800 UK workers, found that less than one in three (30%) of employees were satisfied with their variable pay and only one in four (39%) were happy with their fixed pay. Just 37% were happy with their benefits package.
The survey found pay levels outstripped job security and work-life balance with nearly half (47%) of employees saying it was their biggest worry in 2013.
Satisfaction with purchasing power fell at the fastest rate of all the European countries surveyed with 44% saying they were unhappy how far their wages went compared to 37% in 2012.
The Edenred Barometer also found the UK has the highest number of employees currently looking at moving jobs in Europe (48%) with just over one in ten (12%) actively planning their next move and 36% saying they were considering each opportunity that came up.
Andy Philpott, sales and marketing director of Edenred UK said:
“After five years of economic squeeze, we are now really starting to see the pressure our employees are feeling.
Employees think they are getting a raw deal when it comes to pay as the cost of living rises.