Job Satisfaction And The Banking Industry

Financial Advisor (2007) reported that one of the major reasons employees left their jobs was because of job dissatisfaction. Kreitner and Kinicki (2010) defined job satisfaction as “an affective or emotional

On the other hand, others posit that using an aggregated measure can cloud the actual causes of satisfaction, leading to unsound generalisation of employee satisfaction (Rose, 2003). The author further argues that proper aggregation of job satisfaction measures should ideally be done through the use of a composite index that includes a wide range of indicators of job satisfaction. However, in a later study, Rose (2005) also points to the significance of performing a detailed analysis of job satisfaction. The former approach is preferred for this study as it is follows closely on the work done by Brown et al. (2008). Job satisfaction is linked to the sense of achievement with work; the level of a influence work; and with pay. These key facets of satisfaction are discussed in our analysis and examined empirically. Also, achieving a fulfilling employment and providing workers with adequate control and influence on their work are significant for improving job satisfaction (Layard, 2005).

This theory only offers simple overview, as first step of the job satisfaction’s analysis. However, deeper analysis is required when the managers want a better understanding.

Job satisfaction involves an individual’s attitude and emotions resulting from their job. If their attitude and emotions are positive, they are satisfied, but if attitudes and emotions are negative, they are dissatisfied. The Hawthorne study in the late 1920s found that workers

1. Although it is clear employees are not especially satisfied with their work, do you think this is a reason for concern? Does research suggest satisfied workers are actually better at their jobs? Are any other behavioral outcomes associated with job satisfaction?

Determinants of job satisfaction are various features of the job environment and which are considered the causes of job satisfaction. These features include characteristics of jobs and job tasks, as well as various aspects of the organization (Spector, 2000). According to Spector (1997), determinants of job satisfaction can be classified into two major categories; First, the job environment itself and factors associated with the job are important influences on job satisfaction. This includes how people are treated, the nature of job tasks, relations with other people in the workplace, and rewards. Second, there are individual factors that the person brings to the job. This includes both personality and prior experiences; both categories of the determinants often work together to influence employee job satisfaction. While Furnham (1992) and Ting (1996, 1997) noted that despite the variety of variables suggested as having a major, minor or moderating effects on job satisfaction, it is possible to divide these factors into three distinct groups (1) Job characteristics, these included five sub variables: supervisory position, skill utilization, satisfaction with pay, satisfaction with the tasks, and satisfaction with working conditions (2) Organizational characteristics, these included two sub

This research report will analyse the significance of job satisfaction on employees and how it can affect worker productivity and to accomplish the goals of the association. Firstly, this research report will present the background of a research topic based on the news article posted on ABC News on the 5th April 2017(Bamford 2017). Secondly, the report will also develop the aims and expectations for researching on the above-mentioned topic. Moreover, this report also will critically analyse academic articles and will accumulate the statistics/data through survey instrument which will be reported in the next assessment. Finally, this report will discuss the research method which would be used to collect data in investigating this problem.

Job satisfaction is an important aspect that contributes to the overall success realized by an organization. A lot of research has been done on the ways through which job satisfaction of workers can be improved (Tan & Waheed, 2011). Some of the factors studied by these research studies include the samples from academic sector, the hotel sector, the

Cahill (1996), Pitt and Foreman (1999) share similar comments. 2. Measuring Job Satisfaction Job Description Index (JDI) (Smith et al., 1969) is the most frequently quoted scale when measuring job satisfaction. The scale includes areas like type of job, remuneration, promotion, superior management, and joh associates. However, Spector (1985) has identified some problems with JDI when it is applied to employees from the service sector. Thus Spector developed the Job Satisfaction Survey (JSS) that essentially bringing more to the forefront aspects of satisfaction of remuneration, promotion, management styles and relations, welfare, incentive, operation procedures, associate relationships, job description, and communication. 3. Measuring an Organization 's Performance Comparatively comprehensive viewpoints on measuring performance of an organization have been introduced since the 197O 's. Indices suggested by Campbell (1977) include general performance, productivity, efficiency, profit, quality, absenteeism, job satisfaction, motivation, morality, organizational growth, and market share. By referring to documentation complied on performance of an organization, Venkatraman and Ramanujam (1986) classify the variables in measuring that performance into three groups: (I) Financial performance

Hello, my name is Dan Inness and today I will be talking to you about the relationship between job satisfaction and job performance. The two studies I will use to talk about this relationship are “relationships between facets of job satisfaction and task and contextual Performance” by Bryan Edwards, Suzanne Bell, Winfred Arthur, and Arlette Decuir and “Job satisfaction, organizational stress and employee performance: A study of NAPIMS” by Ajayi Mofoluwake and Abimbola Oluremi.

Job satisfaction is extremely important for the well being of the organization as well as the individual (Vecchio, 2006). The significance of job satisfaction can be viewed in the context of two decisions people make about their work. The first is the decisions to join and retain in the organization. The second is the decision to work hard in pursuit of high levels of task performance (Schermerhorn, Hunt and Osborn, 2000). People’s degree of job satisfaction can range from extreme satisfaction to extreme dissatisfaction. In addition to having attitudes

Today’s business environment is highly competitive and rapidly changing. Many organizations are competing to survive in this environment. Motivation and the employee job satisfaction are essential for the long-term success of the organization team. Evaluation of the employees’ job satisfaction is a major problem of the Organization, until it affects the achieving of goals.

Salary: Ackram (2012) concludes that financial aspects, especially salary, is the most important thing among the variables because each employee makes a livelihood to support his or her family.Wages and salaries are considered to play a significant role in influencing job satisfaction. This is noted because it is a vital instrument in fulfilling one 's needs and

Job satisfaction is a key factor that leads to success in the world of corporations. Job satisfaction is defined as, “the extent to which people like or dislike their jobs”. It can influence a company at the individual level, the group level and even to the point of impacting a corporation as a whole. Employee contentment can also affect a company on the economic level. Job satisfaction influences nearly every aspect of a corporation. Therefore, understanding job satisfaction is important to the success of a company. It is important to be aware of what job satisfaction really is, the positive effects of job satisfaction, and the negative effects of job dissatisfaction. The more that you become familiarized with an understanding of

Based on the fulfilment an individual contains towards their work is job satisfaction. The productivity could either be positive or negative while the relationship between the productivity and satisfaction may not be consistent. There are multiple internal and external factors of job satisfaction that can impact the behavior of an employee and engagement over time. The way the worker’s attitude concerning their field effects the performance they perform on a daily basis. One who is satisfied with the job they maintain, succeed at what they do. “It is therefore imperative for a company to understand the attitude of its workers and measure the job satisfaction of its employees, as job satisfaction is essential for productivity” (L. Bradshaw