"Overall, New Zealanders in paid employment are a contented bunch.
"Our findings indicate that an employee's job satisfaction is influenced by key certain factors. As expected, a healthy pay packet is one of them, but recognition for one's work is the most important," she said.
The research showed about 51 per cent of New Zealand workers rated their salary as good or very good, and almost all those people said they were satisfied with their job.
However, an even higher number of people were found to associate adequate recognition in the workplace with satisfaction in their job, the research noted.
Ms Elliott said a worker's sense of job security also affected how satisfied they were at work, particularly when many workplaces struggling in the current economic climate.
The research was based on samples of 9585 Australians in paid employment and 7620 New Zealanders aged 14 or older carried out between October 2012 and September this year.
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Workplace feelings:
* 1.8 per cent of Kiwis dissatisfied with their jobs
* 5 per cent very dissatisfied
* 60 per cent satisfied with their job recognition
* 52.3 per cent considered their job security to be good
Source: Roy Morgan