No company can achieve its goals if it does not have the right set of employees. The employees are the asset of the company and determine the success of the company. So companies put in extensive efforts in recruiting right candidates for their company. One factor that is being overlooked by most of the company owners is employee satisfaction and this factor affects the performance of the company.
Various surveys and researches have known and shown that employee satisfaction plays a pivotal role in performance of the candidate. If any company wants to draw out the best from its employees then it should provide best means to satisfy the needs and requirements. Before one can know various ways to facilitate employee satisfaction, it is essential to understand what does it actually means.
The company’s ability in successfully providing the physical, emotional and psychological requirements of its employees is known as employee satisfaction. Employee Satisfaction in simple terms is how contented are the employees at work. Dissatisfied employees produce lesser than their capabilities thus resulting in lower turnover. So innovative factors can be used along with traditional ones for high performance. This can be done in a bank as nowadays government sector banks have high stress due to the workload and their hr department as of now doesn’t have employee satisfaction surveys.
Cite this article:
Antonette Asumptha J. , Collin Joseph Xavier. Innovative Factors in Employee Satisfaction. Asian J. Management 5(1): January–March, 2014 page 75-76.