The importance of job contentment for the company production rate and employee welfare

importance of job satisfaction points

There have been a number of studies on the causes of job satisfaction and how it affects employee productivity and morale, and most show a very strong link between increased employee job satisfaction and company prosperity. Similarly, Vilares and Cohelo found that perceived employee satisfaction, perceived employee loyalty, and perceived employee commitment had a sizable impact on perceived product quality and on perceived service quality.

importance of job satisfaction in organisational behaviour

A worker can make productivity his main focus when not worrying about how to make money stretch to pay bills. Did you find something inaccurate, misleading, abusive, or otherwise problematic in this essay example?

Importance of job satisfaction ppt

And, they may be more likely to tell their friends, which helps spread goodwill. Employees who are not satisfied with their jobs would find a problem in every small thing and be too rigid. The meta-analysis found that when satisfaction is defined and measured by employee engagement, there is a significant relationship with performance outcomes of productivity, customer satisfaction, and even profits. The first benefit of employee satisfaction is that individuals hardly think of leaving their current jobs. A number of activities or tasks of an HR team directly or indirectly influence employee satisfaction levels. Research evidence indicates that satisfaction may not necessarily lead to individual performance improvement but does lead to departmental and organizational level improvement. Employees with low levels of job satisfaction are more likely to quit without notice, making other employees and management work harder to cover their shifts because there was not time to recruit and train a replacement. A dissatisfied employee expresses her negative perceptions more in external forums than internal ones, for fear of repercussion. Retaining workers helps create a better environment, and makes it easier to recruit quality talent and save money. Do research on what your competitor's compensation and benefits packages look like. Therefore HR must also remember that how a company functions through its policies, senior management and culture will impact how happy employees are and will help it reap financial, cultural and brand equity benefits. As a result, the organization reached growth goals. Companies with satisfied employees see increased overall profits due to a significant portion of their workforce being more motivated and productive. Some factors matter most to employees when it comes to satisfaction, like how it respects employees, whether people can trust senior management, how secure and clear their career paths are and of course, how fairly it pays them. Employees who face deadlines often deal with a lot of stress in an attempt to meet them.

The following list reveals some of the key job satisfaction aspects cited by employees: Respect — According to the SHRM report, employees rate respectful treatment of all employees as the most important factor in job satisfaction.

Employees who are not satisfied with their jobs often badmouth their organization and also warn friends and acquaintances to join the same.

Employees need to be passionate towards their work and passion comes only when employees are satisfied with their job and organization on the whole. Employee Satisfaction Can Lead to Customer Satisfaction Employees that are happy in their work not only stay with the company and boost productivity; they also can help to maintain a happy customer base as well. They do not come to office just for money but because they really feel for the organization and believe in its goals and objectives. Every work environment is different, so consider the specifics of your place of business to find the benefits and satisfaction plans that work best for the company and its culture. Proper compensation is one factor why employees remain with employers. All of this leads to increased productivity. Companies within certain industries may see additional benefits as well. Hence it is also important that HR identify such employees and work towards alleviating their problems and converting negative impressions to positive ones. While this might seem obvious to most people, it's much less obvious why this is important. Employees do not always look for monetary recognition but desire simple praise from a supervisor for a job well done. This is known as voluntary absenteeism as against unavoidable absenteeism which is due to illness or other emergency reasons. Employees often boast about holiday bonuses or they keenly watch how the company stock performs because they have stock options.

Money is not the only thing employees value, but an increase in responsibility is also important to them. Hence it is also important that HR identify such employees and work towards alleviating their problems and converting negative impressions to positive ones.

importance of job satisfaction pdf

Research evidence indicates that satisfaction may not necessarily lead to individual performance improvement but does lead to departmental and organizational level improvement.

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Importance of Compensation in the Workplace