ipl-logo

What Are The Factors Influencing Job Satisfaction

1799 Words8 Pages
bulb-icon

Recommended: Job satisfaction theories and models uk essay

CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The focus of this dissertation is on employee satisfaction and how it may be enhanced. In any organization employees can be thought of as internal customers and there is a need to satisfy them if external customers are to be retained and satisfied. In other words, successful organizations can maintain their advantage only by satisfying the employees and then motivating towards continuous improvement.
The workplace is a second home for employees because they survive more than 40 hours a week in the working environment. In this study, we have reviewed the definitions of job satisfaction and productivity in order to address the factors that influence, the relation between the two in terms of …show more content…

The third category believes that many concepts and definitions of job satisfaction involve an evaluation process.
Factors influencing job satisfaction of creating "job satisfaction" in a person is dependent on several factors together which lead to the achievement of the desired result. Lack of some of these factors may lead person to become dissatisfied with the job. Factors such as the amount of earnings the soul and the nature of work and its social status; prestige and reputation, enhance job safety, lack of role ambiguity, physical conditions, structure and organizational culture and communication with colleagues, according to the characteristics, performance evaluation, fit, flexible, innovative approach.
Job satisfaction is a multi-dimensional attitude it is made up of attitude towards pay, promotion, relationship with co-workers, supervision, work conditions, benefits, contingent rewards, nature of work, communication, participation, performance evaluation system of the company etc. (Cascio, 2002). Employee job satisfaction is one of the significant aspects of organizational effectiveness (Chapagai, 2011). Generally, it is an employee general attitude toward the …show more content…

1.7 SIGNIFICANCE OF THE STUDY
The result of this study will be very essential for the all employees of commercial banks includes managers, mid-level employees and lower level employees and also can benefit financial institution such as banks, insurance companies in Mogadishu.
As to improve the socio economic development by eradicating dissatisfaction, discrimination and also the study will be useful for potential researcher as literatures, which are interesting to carry out for further study in this field.
1.8 OPERATIONAL DEFINITIONS OF VARIABLES
Measurements of job satisfaction are financial and non-financial
The financial measurements include:
Incentive Pay: Incentive pay plans are meant to increase output, which can be measured quantitatively. For incentive plan targets, the employees must have confidence that they can achieve the targets.
Profit Sharing: It means sharing of profits with the employees by way of distribution of bonus. Profit sharing plan has its shortcomings, one, that it has become a regular feature in government departments irrespective of performance and two, it may have no relation with individual

Show More
Related

Jeb And Josh Arcadia Sports Business Case Study

742 Words | 3 Pages

In turn, Travelers neglected to maintain finances, and Weill fired Dimon as a result of such competition (Hitt, Ireland & Hoskisson, 2012). Therefore, the Traveler's suffered a business loss with the outcome of Weill's firing of Dimon. Although, there are positive advantages to a general partnership like the buy and sell relationship which benefits the purchasing of stocks and purchasing methods for the business (Peterson & White, 2000). In other words, the value of stocks according to the business shares costs between partners when beginning a business. Despite the benefits of general partnership Jeb and Josh would have benefited with either a limited partnership or tenets in common, so both could share in the profits but have limits in liability to one another's

Read More

Mapleton Family Medicine Case Study

1323 Words | 6 Pages

Of course, to the owners their proposed system seems undemanding and effortlessly achievable; however, there may be one or more workers that deem the new plan unfair and difficult to sustain. There may also be workers that feel disregarded and believes that everyone should be including in the decision-making process. The last thing you want to add to your list of problems is a group of disgruntle, unappreciated workers; therefore, I encourage the owners to allow all parties to participate in developmental framework of the incentive

Read More

Jp Morgan Chase Bank Essay

923 Words | 4 Pages

These factors can have a significant impact on the bank’s performance and

Read More

The Complex Structure Of Engstrom Auto Mirrors

1472 Words | 6 Pages

The Scanlon plan was effective, but when the company did not pay bonuses timely and changed the ratio, employees lost motivation and trust in the plan. A critical element of the plan was the reserve which was supposed to cover bonuses if the company could not afford them. The employees were aware of this when they signed the Scanlon plan, so they felt cheated. This lack of motivation was further increased when employees saw that their output was not reflected in their bonuses.

Read More

Monsters Inc Argumentative Essay

66 Words | 1 Pages

After, Mike and Sully saved Boo, the Owner of the company admitted that he would rather have done bad things to children then get the company destroyed because the company was in his family for 3 generations. The definition of incentive is something that makes someone want to do something or work harder. In Monsters Inc, the boss worked harder to keep the bisuness in his family.

Read More

Home Depot Financial Analysis

1572 Words | 7 Pages

The profit margin that a company maintains is a very important measure of success and health of the company, it can be calculated

Read More

Square Pharma Company Essay

1017 Words | 5 Pages

In the budgetary year of 2011-12, they have pronounced 40% stock profit of the net pay. In 2014-15, they proclaimed a stock profit of just 11%. This demonstrates with time passing the organization turned out to be less subject to proprietor's value for venture and began to pay money profit to investors perhaps for not holding inert money. Thus, the measure of stock profit in 2015-16 is minimum in the course of the most recent 5 years.. Year Net Income Stock Dividend Payout Ratio Total Stock Dividend (Taka) 2015-16 9,326,615 11% 923,662 2014-15 6,533,933 11.50% 825,492 2013-14 4,131,811 14% 614,773 2012-13 3,429,785 30% 1,035,936 2011-12 2,887,711 41% 1,119,084

Read More

Case Study: Stone Finch Inc.

798 Words | 4 Pages

Assessment of the entrepreneurial subsidy concept: His subsidiary plan gave a golden chance for employees to get themselves and their innovative ideas recognized and put into action. It also gave chance for one to three top tier talents to get identified. The subsidiary was reward for employees with innovative ideas that initially in turn helped in the growth of company.

Read More

Overpaid Bank Tellers Case Study

1125 Words | 5 Pages

It is evident that the bank tellers are a crucial aspect for the bank therefore if several bank tellers qualify for higher percentages due to their input into the job. While revamping it, it is imperative that he keeps possible pitfalls and future expenses in mind if he continues with the same system to ensure that he can continue to pay his employees if the economy slows down. It is also imperative that Duncan implements a payroll privacy clause to ensure that what an individual receives not only their pay but also their raises cannot be discussed amongst each other without ultimatums. He also needs to provide each employee a copy of the revamped pay system and have him or her sign the privacy clause so that it can be kept in their personnel file. Failure to have strict guidelines in place can result in employees not having a complete understanding of what is expected from them.

Read More

Stakeholder Theory In The Hotel Industry

946 Words | 4 Pages

Among scholars, the different facets of job satisfaction included feelings toward a job, pay, benefits, supervision, coworkers, the work itself, organizational environment, and work conditions as stated by Biggs & Swaile; Fichter & Cipolla (as cited by Appiah, 2016). Aziri (as cited by Appiah, 2016) stated that employees were usually more productive, more stable, and had a better

Read More

Performance Philosophy Vs Entitlement

1746 Words | 7 Pages

A performance-oriented philosophy is followed; no one is guaranteed compensation just for adding another year to organisational service. Instead, pay and incentives are based on performance differences among employees. Employees who perform well get larger compensation increases; those who do not perform satisfactorily receive little or no increase in compensation. Thus, employees who perform satisfactorily should keep up or advance in relation to a broad view of the labour market for their jobs, whereas poor or marginal performers should fall

Read More

Frederick Herzberg Theory Of Job Enrichment

883 Words | 4 Pages

Introduction: Job enrichment can be described as a medium through which management can motivate self-driven employees by assigning them additional responsibility normally reserved for higher level employees. By doing this, employees feel like their work has meaning and is important to the company. This theory is based on the premise that employees have a natural tendency to want to succeed and are eager to be trusted with a bigger role in the company. Frederick Herzberg (1923-2000), clinical psychologist and pioneer of 'job enrichment', is regarded as one of the great original thinkers in management and motivational theory. He originally developed the concept of ‘job enrichment’ in 1968, in an article that he published on pioneering status

Read More

Bella's Case Study In Organizational Behaviour

1458 Words | 6 Pages

Job satisfaction occurs when employees consider the type of the

Read More

Ob10 Case Study Solution

1121 Words | 5 Pages

Then, OB10 should introduce an employee remuneration plan which comprises of a fixed base salary and a variable component such as bonuses for extraordinary accomplishments compared to the target of respective departments. For example, the mappers are given bonuses when they are able to map certain targeted number of invoices correctly. 3.1.2 Language team OB10 has to deal with suppliers and buyers from different parts of the world. These stakeholders speak different native languages causing communication barriers between them and staff members of OB10 who are unable to converse multi languages.

Read More

Disadvantages Of Teamwork In Research

709 Words | 3 Pages

Teamwork: Teamwork in a company is vital for the success of a company. Financial incentives like bonuses can inhibit teamwork since under such schemes, individuals may be rewarded rather than teams. For example, several firms give bonus on bases of the amount of work performed by the individual (Roland, 2003). This means that employees would eventually learn to hoard work than to share it for the welfare of the organisation and in this way, the overall productivity of the company may be affected. Burn-out of employees: Another disadvantage associated with the financial reward system is that it may lead to physical and moral burnout where the employees may work extra hours to earn the money and may eventually be frustrated by the monotony of the work situation.

Read More

More about What Are The Factors Influencing Job Satisfaction

Related Topics

Open Document