Another important reason is that high income keeps an individual motivated at work. The importance of job satisfaction is many. Some companies have extremely high expectations from their employees, and it’s understandable why this is the case. As such it cannot be seen, it can only be inferred. A survey from Glassdoor found that when it comes to job satisfaction, 58% of employees and job seekers said that company culture is more important than salary. This is only possible when your customers are happy with the service you provide and hence, they keep coming back to you. If the number of studies conducted on job satisfaction is an indicator, job satisfaction is probably the most important job attitude. They do not work out of any compulsion but because they dream of taking their organization to a new level. Appreciating employee ideas is a major winner, as half of employees surveyed ranked their immediate supervisor’s respect for their ideas as “very important” to … After ignoring each other over beer the one sees other's marine tattoo. Satisfied Employees Tend to Handle Pressure. Job satisfaction or employee satisfaction is a measure of workers' contentedness with their job, whether they like the job or individual aspects or facets of jobs, such as nature of work or supervision. Employees are the driving factor behind customer satisfaction. Firts, organizations should be guided by human values. In fact, job satisfaction was found to be the best predictor of how long you live... better than a doctor's rating of physical functioning, use of tobacco, or genetic inheritance. Job satisfaction is the degree of happiness of a person when it comes to their work environment. I left the job after 17 years when job satisfaction became more important. If you live to work, you’re likely fulfilled by what you do and have a high level of job satisfaction. Job satisfaction is so important in that its absence often leads to lethargy and reduced organizational commitment (Levinson, 1997, Moser, 1997). This component of job satisfaction is so important that a survey by the company BambooHR revealed that a whopping one-third of employees said they’d rather have the recognition of a company-wide email sent by a company executive that lauds their accomplishments than an unpublicized $500 bonus. Even if you don’t like your job, you can be satisfied by other means. Firts, organizations should be guided by human values. Why is it important to study job satisfaction? We all want to be a part of a company or business that will help us grow and also help make a difference to the community. While satisfaction may be enough to sustain an employee in a job for seven years, it is engagement in the job that will help employees reach their full potential and subsequently enable the growth of the organization. Prioritizing Job Satisfaction. To avoid job dissatisfaction in work-life today, you must know your employees first. Workplace autonomy an important part of job satisfaction. Nowadays, there is no doubt that the majority of people spend their most of time at work. Job satisfaction or money? Simple random sampling is used for collection of data from 210 employees. Meaningful work creates deeper meaning and purpose for both the worker and employer. Job Satisfaction: Why it’s as Important for Employers as it is Employees Unfortunately, it’s not possible to make everyone fall in love with their job. To balance work and personal life job must be fulfilling and rewarding. Job satisfaction is a very important part of an employee’s lifecycle and motivation to remain loyal to and employed with an organization. What is job satisfaction and why is it important? 1. The importance of job satisfaction specially emerges to surface if had in mind the many negative consequences of job disstisfaction such a lack of loyalty,increased abstenteism, increase number of accidents etc. Job satisfaction is not only important but imperative for a lot of reasons. Today, we can see a whole lot more healthcare organizations, clinics, and GPs doing patient satisfaction surveys. 1. 7. 5. 5 Reasons Why Job Satisfaction Is so Important By actively working on satisfaction in the workplace, you end up with employees who are more engaged, involved, and eager to go the extra mile. No one has to supervise them. It is a valuable barometer to measure the organizational culture and … Answer (1 of 4): Two old veterans sit in a bar in grumpy mood. The Higher Productivity – Irrespective of job title and pay grade, employees who report high job satisfaction tend to achieve higher productivity. Other important factors that predict teacher job satisfaction include … At this stage in my life, I had no idea what questions to ask during the interview to get to the concept of “FIT.” I was a young professional, just out of graduate school, and just married, too. There are a number of factors that influence how satisfied teachers are with their jobs. Satisfied employees are an enormous asset to your organization for many reasons: Reduced Turnover. The field of job satisfaction is rich and multi-layered, peppered with definitions, concepts, and theories drawn from several disciplines. Help others at work. To maximize training effectiveness, three major activities of needs assessment, program design and delivery, and training evaluation need to be well-prepared to make trainees be satisfied with the training. In my subsequent job in private sector where I got decent salary and perks job satisfaction was the main concern. Knowing that your values align with your employer and that you “FIT” there is important to job satisfaction. What is job satisfaction and why is it important? The importance of job satisfaction specially emerges to surface if had in mind the many negative consequences of job disstisfaction such a lack of loyalty,increased abstenteism, increase number of accidents etc. While I admit that it is important to earn enough to make a living, in my opinion, job satisfaction is more important than the size of the pay package. If your job is not secure, you are bound to worry about your career. The average employee spends more than half of his or her waking hours working. Importance of job satisfaction are; Lower Turnover. The experience of job satisfaction is not only important for the individual functioning but also for organizational functioning which refers specifically to performance, absenteeism, staff turnover and organizational citizenship behavior (O’Malley, 2000, p.55). The health care industry faces this limitation more than any other industry. Lack of job satisfaction is a predictor of quitting a job (Alexander, Litchtenstein and Hellmann, 1997; Jamal, 1997). The results indicates a positive relationship between working environment and employee job satisfaction. Spector (1997) lists three important features of job satisfaction. Now that you have the answer to the question, “Why is employee retention important,” take advantage of employee retention benefits by creating a clear path for employee growth opportunities. We can all agree that the major way an Employer can gain adequate job satisfaction is by seeing growth and development, increase in productivity and also an increase in company revenue. Those who entered their careers for a reason tend to find their work more connecting, meaningful and fulfilling. He approaches him and says, 'Hey Mark, recognise me?’ Mark, 'No.’ 'Its me, Will. Why Job satisfaction is an Important Phenomenon of the Vicious Circle? Why measuring job satisfaction is essential 1. In fact, job satisfaction is determined more by how your values align with your work environment than by any other factor. Job Security 3. if there’s respectful treatment at all levels, competitive compensation, excellent benefits, job security, and established trust. Since job satisfaction can affect productivity and other aspects of an individual's work life, the number of satisfied or dissatisfied employees can have a noticeable effect on how well a business runs. All in all, assessing employees’ job satisfaction is vital for a productive, efficient and healthy work environment. ... To the best of the author’s knowledge, there is no study conducted regards to job satisfaction and employee engagement factors of Mongolian employees by their generation. If the nurses feel engaged, empowered and satisfied with their working environment, their patients are more likely to do well, too. Therefore, understanding satisfaction is an important part of maximizing engagement and performance while minimizing dissatisfaction, burnout, and turnover. It is significant because a person’s attitude and beliefs may affect his or her behavior. It is important for me to feel as though I am contributing to my community and this career certainly generates those feelings." The study concludes with some brief prospects that the businesses need to realize the importance of good working environment for maximizing the level of job satisfaction. 49% of employees are happy with their current job. A balanced work-life situation is vital for … Organizations today have realized the importance of motivated and satisfied employees as important contributors towards long term objectives. Repeat customers. To stay devoted and loyal to the firm, you need to feel that your job is secure. Employee retention is one of the most difficult operational areas for human resources managers to determine exactly why employees leave the organization, and what they should do to retain them. Satisfied employees are the ones who are extremely loyal towards their organization and stick to it even in the worst scenario. Good working environment 4. This implies that the employee is having satisfaction at job as the work meets the expectations of … These include 1. Work-life balance. What is job satisfaction and why is it important? Related Articles: Open Access. One of the simplest things you can do to try and improve job satisfaction amongst your employees is to make sure that they feel that they are respected. The SoWL 2018 asked those who were not employers of others about three different forms of workplace autonomy: control over how their daily work is organised; control over how they do their daily tasks; and the level of influence they have on decision-making that affects their tasks. While pursuing the job of own interest brings pleasure and feeling of satisfaction. Although it is an overall attitude about the work and the organization, a number of facets or dimensions influence it, including job conditions, supervision, nature of the work, co-workers, pay and benefits and personal characteristics. Bring down HR expenses 5. A balanced work-life situation is vital for … Employee satisfaction or job satisfaction is one of the key goals of all HR personnel irrespective of what their individual KRAs are. Helps to Earn Higher Revenues. Answer * Job satisfaction of the employees is an important factor because most of the time it determines the commitment and respect of the employees towards their employer and organization. The attitudes and the behaviors of the workers would vary based on the level of job satisfaction. Job security has become an increasingly rare commodity in a global economy that offers no lack of cheap labor alternatives. Important Job Satisfaction Statistics . In this case, it is natural to place more importance to money as compared to job satisfaction. 1. While pursuing the job of own interest brings pleasure and feeling of satisfaction. Lower Turnover. Psychologists studying job satisfaction have found that finding meaning in work is particularly important to job satisfaction and performance. Why Is Job Satisfaction Important? Which is why it’s important to keep your employees’ job satisfaction high in myriad other ways, so that they focus on how much they enjoy coming into the office every day and doing their job, rather than on an arguably unobtainable (inasmuch as we assume you’re in business to make a profit) estimation of their own value to your company. JOB SATISFACTION: DEFINITIONS, FACETS, AND IMPORTANCE. As to why job satisfaction is so important, the Employee Job Satisfaction and Engagement Report from the Society for Human Resource Management (Lee et al., 2016) notes four benefits of making sure employees are satisfied with their work. Workers currently rank pay as the second most important factor compared in … 4. If people like their jobs, no one has to force them to go to work. For research purposes, Spector’s job satisfaction survey was used, which observes nine facets of job satisfaction, helping us to outline the viable measures that could improve employee satisfaction. For a variety of reasons, it?s almost impossible to be content in your life without a solid measure of job satisfaction. Job … Why Job Satisfaction Is an Important Phenomenon of the Vicious Circle . This is one any … Employers job satisfaction is the extent to which employers are happy and content with the quality of jobs and engagement gotten from their employees. 4. The Importance of Job Satisfaction for the Organization. Respectful treatment 2. Career growth Conclusion Increased Customer Satisfaction. As work is an important aspect of people’s lives and most people spend a large part of their working lives at work, understanding the factors involved in job satisfaction is crucial to improving employees’ performance and productivity. Best way to improve referrals 3. It’s important to remember that job satisfaction varies from employee to employee. Do you think that job satisfaction is important? The importance of training lies in the opportunity to strengthen your employees’ existing skills and learn new ones, helping to boost individual and organizational performance. If you think about it a bit, it all makes sense. Foster the kind of relationships with your people that engender trust and honesty, and then take advantage of your one-on-one meetings with them to measure their job satisfaction. Having a calling to their job often improves one’s social benefits as well. The importance of job satisfaction in generating income Another reason for the importance of job satisfaction is that it helps us generate more income, how? High-pressure jobs take a toll on the emotional and mental health of a person. Job satisfaction is important to an organisation success and therefore it is critical that every individual is satisfied within the workplace. However, it is important to question whether this can really get the best result from your employees. This benefits your company in several ways. They do their best to resolve a crisis. 2-4-6-8, Your Job Is: Communicate! The primary reason why job satisfaction is much important is that it gives people a sense of fulfilment that money cannot guarantee. Responsibilities. Why Job Satisfaction is Important if You Want to Succeed Every one of us dreams of getting our dream jobs. Satisfied employees will give you satisfied customers 2. It is also one of the important job satisfaction factors as it gives a sense of … Institutions such as Gallup Inc. or the Society of Human Resource Management (SHRM) periodically conduct studies of job satisfaction to track how satisfied employees are at work. Knowing that your values align with your employer and that you “FIT” there is important to job satisfaction. This worry in turn affects your sincerity and your mind starts wavering. The primary reason why job satisfaction is much important is that it gives people a sense of fulfilment that money cannot guarantee. Find out what matters most to your employees and where there are opportunities to improve employee retention. 0B91 Scarcity of job satisfaction in progressing countries is considered a challenging task to achieve. The ultimate aim of a business is to make a strong presence in the market and create a comprehensive and loyal customer base. Overall job satisfaction: On a scale of 1 to 5, rate how you feel about your job overall. Students also viewed these Organizational Behavior questions Benson Corporation and Stabler Company are two ï¬rms in the same industry. Employee satisfaction is important for every company because this can lead towards a positive growth for the company. Why Nurses’ Job Satisfaction Matters to Patients Any health care organization that wants to consistently achieve high-quality patient outcomes should take a good hard look at their nursing staff. Job satisfaction is a frequently studied subject in work and organizational literature. Meaningful work creates deeper meaning and purpose for both the worker and employer. However, that's no reason to dismiss the importance of job security for your career. This essay will discuss what causes this phenomenon, and it will explain how essential is job fulfilment for companies' prosperity and individual growth. Many of the employee satisfaction factors on the top 10 … Three out of 10 are fairly satisfied, 9% are displeased, and 6% absolutely hate their job. Spector (1997) lists three important features of job satisfaction. Company’s mission: How do you feel about the company’s vision and mission? Employee satisfaction survey is a very effective tool that measures and maintains a positive culture within the organization. Reduction in voluntary turnover 4. When thinking about the long run it’s important to be happy in your personal life, and that should never be based off a quantity or sum of money. You need to satisfy the most basic needs before moving up the ladder to begin thinking of job satisfaction. The higher the job satisfaction, lesser will be stress and anxiety created due to job. Job satisfaction is a mixture of many different elements (pay, recognition, time off, promotions, duties, cultures and things like that). Meaningful insights from survey data help to uncover opportunities for growth and development. The Importance of Employee Satisfaction Career Path—Many employees want to keep advancing in their careers and feeling stuck in a job with ... Less turnover— Employees usually stay in a job longer if they are satisfied with and enjoy the work they are performing. It’s hard to overstate the importance of “extra-role behaviors” from an organizational perspective. Would you say it’s: extremely important, important, neither important nor unimportant, unimportant or extremely unimportant? Despite a long and tough day one will feel motivated to get … Training is an important ongoing investment in human assets to assist employees in learning skills and acquiring knowledge to achieve organizational goals. So, now that you understand why job satisfaction is so important, here are a few ways that you can improve the satisfaction within your company. Job satisfaction may lead to cost reduction by reducing absences, task errors, conflicts at work and turnover. Or, even better, schedule a phone call. It … Importance of job satisfaction are; Lower Turnover. A happy employee, on the other hand, is less likely to seek a job. if there’s respectful treatment at all levels, competitive compensation, excellent benefits, job security, and established trust. Fig 2. With these challenges facing health care administrators, the concept of productivity, job satisfaction and motivation become very important. Young employees are choosing job satisfaction over money – with many willing to make a large sacrifice in salary in exchange for a healthier working environment. "I have worked very hard to gain a leadership position. A happy employee can deliver the best results, which in turn, will help the organization achieve its targets. Satisfied employees are an enormous asset to your organization for many reasons: Reduced Turnover. That’s why essential messages should be sent via email or text. Job satisfaction is important because you spend a great deal of your life at work, and being satisfied with how you spend that time greatly affects your overall satisfaction with life. The days where it was perceived that only a big salary is much more important than job satisfaction are over. It has made Published on December 4, 2020 December 4, 2020 • 25 Likes • 0 Comments Therefore, employee job satisfaction is very important in every company. The commonly used method of measurement, however, highly influences the quality of the results. Why is job satisfaction important? I am self-led and disciplined, so my satisfaction truly comes from within." Even if someone is earning a high salary but feels tensed and unhappy, that type of person cannot enjoy his life. Commitment, etc.Job Satisfaction thus is a set of favourable or unfavourable feelings and emotions with which employees view their work. We have also had a look into how organisations can benefit from increasing job satisfaction, and minimize negative factors responsible for reducing employee satisfaction. These include 1. There are many aspects of the job that are linked to jobsatisfaction. Ongoing employee development. Job satisfaction: Why is it important not only for employees but for employer too. Lower Turnover Turnover can be … The nature of the job itself, and the specific tasks people do. Job satisfaction studies often focus on the various parts that are believed to be important, since these jobs related attitudes predispose an employee to behave in certain ways. At the end of the month you will still have the money earned for your efforts in your job. But why is it important to think about job satisfaction? Overall, job satisfaction has more weight and meaning than pursuing a job that offers a high salary. Job satisfaction is often determined by how well outcome meet or exceed expectations. High job satisfaction is directly correlated with higher overall life satisfaction, while lower levels of job satisfaction tend to result in lower life satisfaction. Answer (1 of 63): Job satisfaction is very very important in an individual’s life. However, it is important to question whether this can really get the best result from your employees. 1. Think about it this way – we typically work from the age of 22 until retirement at around 58 or 60 years. Higher Productivity. Employee satisfaction is of utmost importance for employees to remain happy and also deliver their level best. Job satisfaction is defined as the extent to which an employee feels self-motivated, content & satisfied with his/her job. I was satisfied with the salary and perks. Top five reasons why customer satisfaction is important. Why is job satisfaction more important? 5. It is significant because a person’s attitude and beliefs may affect his or her behavior. Contentment is way more necessary regardless of what kind of a job we are into as long as we are fortunately grateful, motivated, and fulfilled. 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