Friday, November 13, 2015

The Daily Stat from Harvard Business Review

 


THE DAILY STAT: Harvard Business Review

November 12, 2015

Want to Work in the Family Business? Your Earnings Will Take a Hit


Family members employed by their families’ firms earn 4.5% less, on average, than employees of non-family businesses, but their job enjoyment tends to be greater — they are 4.1% more satisfied than other employees with similar wages, according to a study of companies in 14 countries by Joern H. Block of the University of Trier in Germany and three colleagues. Although working in the family business can be a setup for interpersonal conflict, family members derive important emotional benefits from their work, such as an enhanced sense of identity.

Source: Job Satisfaction and Wages of Family Employees


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