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 that they have job stability, career growth, and a comfortable work life balance. It plays a significant role in employee performance, workplace morale, and overall well-being.
Job satisfaction compares to the psychology of an employee. If an employee is happy and content with the job, they are always motivated and will contribute more. However, a dissatisfied employee may be lethargic, makes mistakes and becomes a burden to the company. Here are a few key factors that influence job satisfaction:
- Compensation and Working Conditions
One of the biggest factors of job satisfaction is the compensation and benefits given to an employee. An employee with a good salary, incentives, bonuses, healthcare options is happier with their job as compared to with someone who does not have the same. A healthy workplace also adds value to an employee.
- Work life balance
Everyone would like to have a good workplace that offers them time to spend with their family and friends. A good work-life balance policy, which ensures that an employee spends quality time with their family along with doing their work, provides job satisfaction.
- Respect and Recognition
Any individual appreciates and feels motivated if they are respected at their workplace. In addition, if they are awarded for their hard work, it further motivates employees.
- Job Security
When employees are assured that the company will retain them even if the market is turbulent, it gives them immense confidence.
- Challenges
Monotonous work activities can lead to dissatisfied employees. Job rotation and job enrichment can assist in job satisfaction among employees.
- Career Growth
Employees always keep their career growth as a high priority in their life. If a company helps groom employees and gives them newer job roles, it enhances job satisfaction as they know they will get a boost in their career.