Employee satisfaction

Defination: Employee satisfaction is a case in which we have to satisfy our employees, which is very crucial for achievement of short as well as long term organizational goals.

Employee satisfaction
Introduction of case:
In future, changes in demographics and shifting industrial base will have considerable impact on job satisfaction.
Increase in working women and upcoming trends followed by male employees should be considered and HR managers should adopt to these changing trends to get maximum output. Different factors should be identified and the value of these factors in certain age, gender, industry, career level be understand and make our work environment which matches that particular factors that are most important for our work force.

Employee satisfaction
1. Potential impact of demographic changes on job satisfaction 2. A shifting industrial base 3. Job satisfaction factors shared by most or all groups 4. Job satisfaction and wider political and economic trends

1. potential impact of demographic changes on job satisfaction

Age Gender

1. potential impact of demographic changes on job satisfaction

Age
o People are willing to work more then the usual retirement age. These old age people need healthcare, job security and pensions for job satisfaction. o Baby Boomers, who are next large generation of retirees, plan to do so in later age then current retirees. o Employers are forced to support underfund pension plans which will be difficult in the future due to disappointing earnings and slow economy. o Cost will tend to rise due to these late retirements, and hiring of a bit older employees will be difficult to do. o Problem of age discrimination

1. potential impact of demographic changes on job satisfaction

Gender
o Women usually are caregiver to their family. o Women are getting more professional degrees and also getting jobs with that proportion also and this trend is increasing. o Work/life balance is important for women and they need this for their families in their job. o 44% of young men are also now taking part in caregiving role and this is now not a job of woman in the family. o Employer should think on that and adopt a flexible and equitable approach in work place to keep motivating their employees in future.

2. A shifting industrial base

Different industrial base Company size

2. A shifting industrial base

Different industrial base
o Different industries have different level of job satisfaction. o Industries with high level of job satisfaction will grow and vice versa. o Employees in non-profit, financial and education industries have high level of job satisfaction and in manufacturing industry it is least. o Health sector is tend to grow in future but their employees are not satisfied with their job so it can lead to decline of industry. o As in service sector there are more women work so employers should keep in mind the work/life balance of employees, which is most important for women.

2. A shifting industrial base

Company size
o People tend to grow less satisfied with the in increase in size of company. o Small employers are more able to give a work/life balance to their employees. o Small employers are not able to give job security and benefits as big employer can but still job satisfaction is high in the small companies. o Small employers are offering enough of such factors such as work/life balance to make up for those that they are notable to offer.

3. Job satisfaction factors shared by Most or All the groups

There are two type of job satisfaction factors which seem to spam across demographic, industry size and employer type these are: a) Benefits, wages and job security which depend upon financial position of the company and on economy overall b) Those who are less costly are communication with management, work/life balance, relationship with supervisor and career development.

We can work on these less costly factors to attain maximum job satisfaction which will at the end become profitable and beneficial for the organization as a whole.

3. Job satisfaction factors shared by Most or All the groups

Communication Work/life balance Relationship with supervisor Career development and opportunities

3. Job satisfaction factors shared by Most or All the groups

Communication
Valued highly by every age group and most particularly by women In future, in virtual teams concept the value of communication will increase. E-mails and other electronic communication are adding information fatigue. More structured, rigorous methods are needed for truly reliable and usable data. Investment in communication will increase job satisfaction and reduce employee turnover.

3. Job satisfaction factors shared by Most or All the groups

Work/life balance
o In coming decades the emphasis of employees will be on this. o Employers will find many people giving prior importance to this factor. o Developing workable, effective and fair policies will attract talented employees in future.

3. Job satisfaction factors shared by Most or All the groups

Relationship with supervisor
o Closely related to career development and communication. o Especially important for young workers. o Involving employee in decisions by actively seeking contributions. o Providing challenging and meaningful work which use employee key skills and interests. o Trust is also a key factor in building this relationship.

3. Job satisfaction factors shared by Most or All the groups

Career development and opportunities
o This is an issue in which younger employees are more interested. o On job training by seniors is important in this regard so that employees should be ready for advancement. o Even the job remains the same career path can be changed in todays changing environment. o Offering an environment where self-directed management is promoted can enhance job satisfaction.

4. Job satisfaction and wider Political and Economic trends

Job security
Most important factor in eyes of many employees now a days. Personal skills, abilities and experience also tend to increase job security. Financial conditions have a major role in job security. Unionization tend to increase job security. Open communication between employees and management improves job security. Open communication gives sense of control and ultimately leads to job security.

4. Job satisfaction and wider Political and Economic trends

Benefits and compensation
o Increasingly costs of benefits are spiraling out of control. o Companies are running large corporate pension deficits. o Employees give importance to these benefits also which they are getting now e.g. health care cost, pensions etc. o If employees dont get these benefits in future then it will decrease job satisfaction. o Government should do something to decrease this health related issues.