06.Benefits of job satisfaction




Importance of staff promotions & remuneration packages




According to the identifications & information, the following hypotheses have been developed in order to evaluate the importance of staff promotions & remuneration packages to staff turnovers in banking sector.

H1: There is a negative relationship between SP and ET.

H2: There is a negative relationship between RP and ET.

H3: There is a negative relationship between JS and ET.

H4: There is a negative relationship between SP, RP and ST only JS is observed from employees of baking sector in Sri Lanka.

H5: Satisfaction on staff promotions and remuneration packages will significantly engage on the variance of staff turn overs of employees of banking sector in Sri Lanka.

Comments

  1. Channa MedewelaNovember 23, 2023 at 5:22 PM

    Job satisfaction is a crucial factor in enhancing employee engagement and productivity. When professionals are content with their work, it often leads to increased commitment, creativity, and overall job performance. This positive mindset can contribute to a healthier work environment and ultimately benefit both individuals and the organization

    ReplyDelete
    Replies
    1. E.M.C.S EKANAYAKE December 1, 2023 at 9:17 PM

      Agreed Channa. When leaders monitor the performance of employees, they can paint a picture of how the business is running. This not only helps to highlight what companies could be doing in the present to improve their business, but this information also feeds into future growth plans.

      However, placing a focus on employee performance doesn’t just benefit the business. It helps employees to reach their full potential, while also improving overall performance – which can have positive effects on morale and quality of work produced.

      Delete
  2. Sumeda Jayalath (E218399)November 27, 2023 at 10:41 AM

    Hi Channa,
    Very good article
    Clear formulation of hypotheses regarding staff promotions, remuneration packages, job satisfaction, and turnover.

    ReplyDelete
    Replies
    1. E.M.C.S EKANAYAKE December 1, 2023 at 9:26 PM

      Thank you Sumedha. Mainly remuneration packages & staff promotions directly engaged in employee turnover in Sri lankan banking sector is the attempt to express in the blog

      Delete
  3. V.N. Haputhantri.November 29, 2023 at 3:13 AM


    Your hypotheses on the correlation between staff promotions, remuneration packages, job satisfaction, and turnover in the banking sector are intriguing. A focused and clear presentation of these relationships. Appreciate the analytical approach to understanding the impact on employee turnover.

    ReplyDelete
    Replies
    1. E.M.C.S EKANAYAKE December 2, 2023 at 12:03 AM

      Thank you very much for your comment & the engagement Haputhantri.
      Intention is to discribe satisfaction on staff promotions and remuneration packages will significantly engage on the variance of staff turn overs of employees of banking sector in Sri Lanka

      Delete
  4. Zeenath BongsoNovember 29, 2023 at 9:08 AM

    Job satisfaction does refer to the level of contentment an individual experiences in their job or profession. it does provide numerous benefits to both the organization and employees. very good article.

    ReplyDelete
    Replies
    1. E.M.C.S EKANAYAKE December 2, 2023 at 12:15 AM

      Thank Bongso for your appreciation & engagement. I have mentioned below another side of employee satisfaction by relating to customer satisfaction.
      One of the fastest ways to improve customer satisfaction, particularly in a company with a high proportion of customer-facing roles, is to improve employee satisfaction. If a dissatisfied employee deals with customers, it will naturally have a negative impact on customer-service quality.

      Delete

Post a Comment

Popular posts from this blog

03.Employee Turnover (ET) deep analyses

Image
  Employee Turnover (ET) deep analyses ET defines as the rate at which employees’ resignations & replacements. Employee turnover is defined as voluntary cessation of membership in an agency and is one among numerous forms of organizational withdrawal along with absenteeism and tardiness (Mitra et al., 1992; Zeffane, 1994). ST choices are a function of two factors, i.E. Ease of movement; how smooth it is to locate every other process, and desirability of movement; whether personnel enjoy enough dissatisfaction to want a one of a kind task (March and Simon, 1958). Many research conceptualize turnover to be a mental response and rest on the belief that turnover is a person preference conduct. Mobley et al., (1979), McBey and Karakowsky (2001) said that at the character level, delight with one’s task is the maximum frequently studied psychological variable within the delight-turnover courting. There are masses of models that have been studied for sources of influence on ET. However, Ma
Read more

01.Job satisfaction impact to the employee turn over in banking sector

Image
What is the Job satisfaction in HRM ? Job satisfaction explains how lots an employee is self-inspired, content, and glad with his or her job. Job delight happens whilst personnel experience like they've a solid activity, room to grow in their profession, and a great blend between work and private existence. This means that the worker is happy at work due to the fact the work meets the person’s standards. Job satisfaction refers to employees’ all emotions approximately their jobs. It's miles the state of well-being and happiness of a person concerning performance in the workspace and its surroundings. It could be an first rate determinant of productivity inside a employer.  Employee task delight is crucial for companies. employee delight can stimulate nice strength, creativity, and increased motivation to succeed. Some factors that interfere are a collaborator’s mindset at paintings, with leaders and co-workers, and employee expectations. Job satisfaction components Human c apit
Read more

04. Staff promotions

Image
  Staff promotions SP is the development of employees among the departments of a firm or inside a department (Kuhn and Chamberlin, 1965). A promoting is an upward advancement of an employee in an enterprise to every other task, which commands higher pay/wages, better fame/ prestige and better possibilities/challenges/ responsibilities and authority, higher working environment/ centers, hours of work and a better rank (Pattnayak, 2006). A promoting to a higher stage in an employer typically involves high-quality adjustments in supervision, process content material and pay. But, the rewards related to a particular promoting vary greatly from one scenario to some other (Luthans, 1995).Businesses want gifted employees and Individuals and additionally count on possibilities to enhance and develop their career abilities. Presenting organizational strategies that help Employees to attain developmental desires goals while achieving organizational benefits.  This is steady with Herriot and Pemb
Read more