Researchers say that workers are now the happiest they have been in their jobs than at any other point this century.
Senior managers and supervisors are leading the rise in job satisfaction rates of up to 178 percent and are enjoying work more now that the pressures of the global financial crisis have dropped.
Happiness among their workers is also up by 40 percent as they too enjoy better workplace conditions than have been on offer for the past few years.
Newly-research released by Leadership Management Australasia revealed that 53 percent of employees are satisfied in their job this year, up from 37 percent in 2011.
60 percent of supervisors (up from 37 percent) and 78 percent of senior managers (up from 28 percent) also are engaged and passionate about their work.
It is the highest proportion since the professional network's Leadership Employment and Direction (L.E.A.D.) Survey of 4500 blue and white collar workers began in 2000.
Chief executive Andrew Henderson said it was a surprising result amid the hardship being experienced by some sectors of the economy.
He said many companies had scaled back benefits such as overtime or work from home arrangements during the economic downturn in efforts to save money and boost production.
Now that organisations were re-implementing benefits, however, staff were happier and managers were feeling less pressure, he said.
"Everybody wants to feel secure in their roles, wants to continue to receive their benefits, their salaries, etc," News.com.au quoted him as saying.
"Managers and leaders also feel the added pressure of responsibility".
"If indeed the organisation is returning back to stability and steady incomes and cash reserves, and they are starting to re-focus on growth and prosperity, the ability to feel the added responsibility and stress is alleviated," he added.