Job satisfaction is critical to maintain high productivity, high-quality and low employee turnover. The plan is to increase job satisfaction and increase the productivity and workforce engagement in order to lower down the defects and improve quality. High quality of product and lower defects will help bringing down the operating cost and sales return and thus will increase the net profit. As per plan company will concentrate to improve the areas like job contents, quality of supervision, peer relationship, growth opportunities and adequate salary and perceived equity. A positive work environment which motivates the employees is the most essential factor of job satisfaction and reduces absenteeism, lowers turnover rates and increases efficiency.
Apply equity theory The importance of positive work environments and its benefit is that great workplaces can help motivate employees. Employees that are happy tend to be more productive, which is resulting in a more prosperous business entity. Motivated employees can make all the difference in a successful company. There are a number of incentives that would help
The wellbeing of employees is now being ensured at workplaces. Performance evaluations and commitment of the employeescontribute to the larger chunk of responsible management at workplaces, which are both byproducts of wellbeing. Happiness and wellbeing are the key ingredients ensuring growth, productivity and positivity at a workplace. It is a fact that a happy employees performs better. More or less, it becomes essential to trace the contextual factors as to what contributes towards the happiness quotient of employees.
• Encourage better business results – The simple gesture of praising or rewarding your employees at work can have a direct impact on your bottom-line and can lead to better overall results that are a consequence of better individual performances. • Increase loyalty & Retain the best talent – When one is recognized for his/her hard work, he/she tends to be more loyal towards you and the work he/she is doing. This is something that can help to retain important and skilled employees in the long run. • Build a supportive work environment – The more your employees feel encouraged and valued, the more will they be supportive to your cause, hence building a supportive and active work
Employees that feel appreciated at there job seem to have better attitude, work more hours and appear to have better attendance. Small rewards on the job such as encouraging work performance with free company shirts or hats, giving recognition to teams or departments for a job well done make big impressions on employees. Companies have found that money is and important motivator for high levels of employee productivity. However, money incentives by its self may not be as affective and it may not render the loyalty from employees many companies strive to achieve. The combination of monetary and non- monetary rewards have proven to be affective in an completive job market, as it helps to keep employees from straying to companies that offer appetizing bonuses and incentives.
Organizations should make an effort to enhance job satisfaction because employee motivation will improve. Companies need to concentrate on creating enthusiasm, serenity, and teamwork environment to assist their organization to succeed. Employee dedication is developed when the workers are motivated and contented at their job environment. The correlation between motivation and workplace satisfaction is demonstrated by the dedication an employer shows for their company. As such, motivation and job satisfaction equals dedication.
Benefits of training and development of employees As mentioned earlier training and development of employees has numerous benefits to both a firm and its employees. One of the key benefits is that it results in higher productivity thereby increased profitability. Employees’ morale is improved which makes them identify more with the profit path and the specific goals of a business. Due to improved performance the firm creates a positive image in the process (Boxall & Purcell 2007). This in turn offers it a competitive edge over its rivals thereby being able to acquire a sustainable market leadership position.
For sure, the reputation of the company in the eyes of customer will be better by having higher performance staff. Job Rotation. To avoid the employee felt bored due to maintain at a position or functional specialization for a long time, job rotation can be implemented. Job rotation can give new skills to the employee plus it can produce multi-skills workforce after certain period of time. Employees also will appreciate their job as they understand the whole system & the importance of each part of total
Other intangible benefits include the reinforcement of company goals and values, better internal and external communication a positive working and social environment, an improved company image and increased employee loyalty. 1.10 NEED FOR THE STUDY: The need of the study covers the high level of satisfaction leads to organizational commitment. While a low level or dissatisfaction, results in behaviour detrimental to the organization. People will work harder and drive satisfaction of they are given to make their own decisions. The employee satisfaction survey helps companies to determine employees think and identify employee’s needs and concern so that improvements can be made and stronger teams can be formed.
The CEOs, for example, may be able to improve their performance by increasing the volume of teamwork and taking action to raise the performance level of the individual, but to succeed in this they also need to pay attention to the quantity and type of teamwork offered. Teamwork activity within the organization is very much beneficial and its effect directly on employee performance. When employee acquired adequate opportunities of teamwork his/her performance is automatically improve and inversely he/she will satisfied with job. Teamwork could ensure that skills were better