Submitted by Chayan Das
(Department of BBA, Batch :2017-2020)
‘JOB SATISFACTION’ is playing a vital role in our life:-
Job satisfaction is defined as the extent to which an employee feels self-motivated, content & satisfied with his/her job. Job satisfaction happens when an employee feels he or she is having job stability, career growth and a comfortable work life balance
Importance of Job Satisfaction:-
A satisfied employee is always important for an organization as he/she aims to deliver the best of their capability. Every employee wants a strong career growth and work life balance at workplace. If an employee feels happy with their company & work, they look to give back to the company with all their efforts. Importance of job satisfaction can be seen from two perspectives i.e. from employee and employer perspective.
For Employees: Job satisfaction from an employee perspective is to earn a good gross salary, have job stability, have a steady career growth, get rewards & recognition and constantly have new opportunities.
For Employers: For an employer, job satisfaction for an employee is an important aspect to get the best out of them. A satisfied employee always contributes more to the company, helps control attrition & helps the company grow. Employers need to ensure a good job description to attract employees and constantly give opportunities to individuals to learn and grow.
Pic.1... Job Satisfaction cycle for an employee
Job satisfaction depends on several different factors such as satisfaction with pay, promotion opportunities, fringe benefits, job security, relationship with co-workers and supervisors, etc. Job satisfaction may lead to cost reduction by reducing absences, task errors, conflicts at work and turnover.
It becomes very important for the company to keep all employees satisfied, as with the increase in employee’s satisfaction, level of productivity also increases. In India Only 20 per cent employees satisfied with their jobs.
Eight in 10 employees are dissatisfied with their jobs, and seven in 10 feel that the influx of technology is adding to job dissatisfaction, finds a Times Jobs survey of over 1,100 working professionals.