The Importance Of The Workplace Environment

Organizations are facing several challenges due to the dynamic nature of the environment in this modern era. In today’s competitive environment, organizations can not survive without having the necessary workers. One of the many challenges for a business is to satisfy its employees in order to cope up with the ever changing and growing environment and to achieve success and remain in competition. In order to increase efficiency, effectiveness, productivity and job commitment of employees, the company must satisfy the needs of its employees by providing favorable working conditions. Workplace environment is the sum of the interrelationships that exists within the employees and the environment in which they work (Kohun, 2002). According to Heath

The work environment also includes policies, rules, culture, resources, working relationships, work location, and Internal and external environmental factors, all of which influence the ways that employee perform their job functions. (Rupa Gunaseelan, 2012)

The workplace environment is the most critical factor in keeping an employee satisfied in today’s business world. Today’s workplace is different, diverse, and constantly changing. The typical employer/employee relationship of old has been turned upside down. Workers are living in a growing economy and have almost limitless job opportunities. This combination of factors has created an environment where the business needs its employees more than the employees need the business (Smith,

These reforms have brought about many structural changes in the banking sector of the country and have also encouraged private banks to enter and expand their operations in the industry (Alemayehu, 2006).Especially the last couple of years have been serendipitous for banks operating in the country, mainly due to the economic growth that the country is witnessing. At present there are twenty banks operating in the country with varying level of branch distribution and capital structure and many other are in the pipeline (NBE web site). Among these, two of them are public owned; Commercial Bank of Ethiopia (CBE), and Development Bank of Ethiopia (DBE). The rest are privately owned, viz. Cooperative bank of Oromia, Lion International bank, Zemen bank, Oromia international Bank, Bunna International Bank, Berhan International Bank, Awash international bank, Dashen bank, Wegagen bank, Bank of Abyssinia, United bank, NIB International bank, Abay bank S.c, Addis International Bank S.c, Debub Global bank S.c. and Enat