07 Conclusion

 



Job dissatisfaction is a serious problem faced by not only banks but also employees. As

 employees are a main resource factor of the organization immediate and fruitful steps have to

 be taken to rectify the job dissatisfaction.


Employee satisfaction is to find out whether employees are happy and comfortable in

 accomplishing the organizational goals and their personal goals achieving work life balance. 

Employee  satisfaction can be measured by employee satisfaction index by conducting a

 survey , employee net performance score, rate of absenteeism and employee turn over rate.

In most of government owned banks of Sri Lanka we observe less employee turnover yet 

employee satisfaction is a matter to consider. Work stress is increased and employee 

benefits have been reduced due to turbulent economic situation of the country. Employees 

tend to stay in his present working place in spite of his satisfaction as they prefer security

 than growth and development nowadays.

In the study among both of government owned banks PEo bank has high and stable 

economic statistics compared to RD bank. PEo bank consist of employee turn over ratio 

reaching 98% a higher value than RD bank. There is a correlation between successful 

economic growth of the bank with employee satisfaction of the bank.

Human capital is the key resource in an organization . employee's willingness to stay on the

 job depends on the satisfaction of the work due to remuneration pack. In order to ensure

 employee optimal satisfaction and retention organizations needs to consider a variety of

 appropriate ways to reward the employees to get the desired results. Employees of an

 organization expecting better salaries, welfare facilities and good working conditions. Policies

 and strategies should be implemented to keep employees satisfied while maximizing their 

contributions towards achieving organizational goals.





Comments

  1. Dinusha RamanayakeDecember 10, 2022 at 1:31 AM

    As you have note down the causes of job Dissatisfaction how to combat it and the consequences of job Dissatisfaction. Though government owned banks indicate low value of employee turn over their job satisfaction is a matter to consider.

    ReplyDelete
  2. pabasaram1001December 10, 2022 at 4:59 AM

    Job dissatisfaction can lead to many problems inside the organization finally resulting employee turn over. In current situation employees of the banks tend to stay in their current work place yet external factors tends to increase the stress level of bankers which is a matter needed to pay attention and find a remedy to manage it.

    ReplyDelete

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