When the job aspirants including the interns and trainees look out for the job, their very first criteria is job satisfaction at the workplace. This is the very first and vital condition before joining any workplace and if they feel that they won’t be satisfied working with the specific company or the firm, they look out for more options and alternatives. There are many cases, where the employees quit the firm even before their probation period ends.
Hence, it is very important for the key members of the management and managers as well to realize the Importance of Job Satisfaction in order to retain good and expert employees.
Let us understand the Importance of Job Satisfaction in detail :
1) Increased productivity levels :
When the management of the firm along with the immediate manager or supervisor of the employee that vital steps in understanding the Importance of Job Satisfaction, the employee will work with utmost agility and motivation. He will make sure to complete his work well on time plus will also maintain the parameters of quality.
Hence, the productivity levels of the firm will increase helping the firm to accomplish its aims and objectives at a much faster rate and time. It also helps the employee to expand his horizons and elevate his career and professional graph by learning and working on new and innovative ideas.
2) Retain quality and expert employees :
It is a universal fact in the world of corporate and management that the firm cannot make progress just with the help and support of a few members of the management. It does require the help and support of the employees that are expert and talented in various areas and aspects.
Hence, it is very important to keep the employees happy and satisfied in the area of their work so that they keep on doing quality work and come up with innovative and novel ideas. And it also helps the firm to retain employees that do quality work and are talented and experts in the area of their work.
3) Positive word of mouth :
There are so many examples of corporate firms that are known for earning bad and negative reviews from their past and current employees. And the main reason behind the same is that the firm doesn’t really care about the job satisfaction of the employees. And the employees discuss their issues with family, friends, and loved ones that showcase the firm and its management in a negative light.
Hence, it is quite significant for the firms to realize and follow the Importance of Job Satisfaction of the employees to attain the objective of positive word of mouth in the market and industry as a whole.
4) Innovation :
When the employees are motivated and valued at their workplace and are rewarded for their work, they put extra efforts. They come up with the ideas and strategies that are novel and innovative in nature. Plus they execute the same in the finest possible manner as they are absolutely happy and satisfied.
And with the competition in the market getting tougher with each passing day and time, it is very crucial for the firms to come up with products and services that are innovative and cutting edge in nature and overall approach.
5) Positive work environment :
Along with understanding and following the Importance of Job Satisfaction, the management of the firm also has to understand the fact that personal bias towards any specific employee has a direct or indirect effect on the job satisfaction levels of other employees. This result in the factor of insecurity, affecting the overall work environment of the firm with the further reduction in the productivity levels
6) Competitive advantage :
There is a level of competition within the firms in the market not just on the basis of the offerings of products and services. Competition is present in the market also on the quality of workforce and talent that the firm possesses as it defines the brand value and the overall progress of the firm. The firms keep on eyeing the talented employees of their contemporary firms by offering higher salaries and many other perks.
But if the employee is satisfied with his job and the management, he will never leave the firm no matter how lucrative and attractive the job offer is. And this way, the firm leads the competitive edge and advantage in the market.
7) Safety of the confidential data :
The management of the firm needs to share some of the confidential information pertaining to legal and financial aspects with the employees related to those specific tasks. And there is a lot of trust and faith involved as information or data leak can have hazardous effects on the growth and progress of the firm. And if the employees are highly satisfied and motivated, they will never share the confidential information outside especially with the competitors of the firm.
It is a very nuanced, delicate, and intricate point to be discussed, but if we look at its depth, the conclusion is that the firm needs to realize the Importance of Job Satisfaction for its long term growth.
8) Growth and glory of the firm :
As discussed, the success and growth of the firm do not lie alone in the hands of key members of the management only. It is with the help and support of the staff that is expert, experienced, and talented to conduct the various tasks of the firm in an efficient and effective manner. And all this results in the growth and glory of the firm in the market beating the competition and changing dynamics of the market.
Job satisfaction at the workplace not only helps the firm to grow and progress but also helps the employees to enhance their expertise, skills, and knowledge. Also, the managers need to give challenging work to their employees to ensure that their talent is utilized optimally resulting in their job satisfaction and innovation at the workplace.