Employees seek employment to earn a salary for their satisfaction of needs (Christopher Muthusi Nzyoka1, Bulah Hannah Orwa, February 2016,). There is a strong hope that compensation is a strong determinant of performance, attitudes, motivation as well as organizational esteem. Further, it is considered as the technique to persuade and encourage worker in the organization.
According to Hoppock, “Job Satisfaction is the combination of psychological, physiological and environmental circumstances that cause and person truthfully to say I am satisfied with my job” (Yamoah, 2013). Compensation assumes a major role in motivating, attracting and holding employees to remain longer periods. One finding says that there is positive relationship amongst compensation and job satisfaction. Managers confront numerous challenges in the organization regarding the job satisfaction and the Employment Loyalty in terms of management of the employees. Employees are the most valuable asset for all organization because the more an employee works, the more beneficial the organization experience.
Different researches have been directed to evaluate the effect of Job satisfaction on the faithfulness of employee and being conferred for the accomplishment of the association. There is a solid conviction that the achievement of the association is the aftereffect of the worker’s best execution. The aim of the study is to discover the impact of job satisfaction, compensation, benefits and loyalty and commitment of employee towards the organization. To achieve the aim of the study questionnaire survey was used. The results show that there is high impact of job satisfaction in connections between job satisfaction, compensation, benefits, and loyalty and commitment of employee. Keywords: Job Satisfaction, Employee Loyalty, Attitude, Organizational Commitment, Employee empowerment.
Connection Between Job Satisfaction, Benefits and Loyalty and Commitment of the Worker to the Company
Different studies have been conducted on different aspect of Connection between job satisfaction, benefits and loyalty and commitment of the worker to the company. However, many findings say that there is a strong connection between job satisfaction, benefits and loyalty and Commitment of the worker to the company. Employees are vital asset for every organization and the administration’s role is to develop different training program, benefit packages, performance appraisal and work system based on their company policy (MS. CHETNA PANDEY MRS. RAJNI KHARE, August 2012). These policies aim to build up dedicated representatives in the organization because the longer an employee works for the company, the more significant they become.
Employee Loyalty is the degree to which the personnel are faithful to the association, having sentiments, incorporation, care, duty and devotion towards it. It can likewise be described as the extent to which there is a general readiness among employees to make a venture or giving up one’s own priorities for the benefit of the association (MBA Brief Concept Definition, 2018).
Job satisfaction is a term used to depict how content an individual is with their job. It is a generally ongoing term since in earlier hundreds of years, the jobs available to a particular person were often predetermined by their parent’s occupation (MS. CHETNA PANDEY, MRS. RAJNI KHARE).
Job Satisfaction refers to the employee’s attitude towards his job when his wants are satisfied. It is a positive effect of representatives towards their activity or employment circumstances (Locke, 1976). It is considered as the most important studied attitude in the Organizational Behavior (Mitchel and Larsel Hoppock, 1935).The term job satisfaction is a positive feeling and emotions with which employees view their work (Newstrom, 2007). It is specifically connected to the profitability of the association as well.
COMMITMENT OF THE WORKER
Commitment is an attitude mirroring an employee’s reliability to the association clarifying their concern for the organization and its proceeded with progress and prosperity.Organizational commitment is “how much a worker relates to a specific association and its objectives, and wishes to keep up enrollment in the association” (Robbins, 1998).
The success of any organization is the diligent work and dedication of the employees along with their high performance. Employees must work at high level to achieve the strategic aims to keep their competitive advantage (Lado and Wilson, 1994) Hierarchical conduct rationalists trust that it is vital to have the correct representatives for the correct occupations and the individual employment fit is vital regardless of whether the worker is appropriate for the activity and regardless of whether the representative will be submitted and beneficial to the association
(Rousseau, Mclean Parks, Kristof-Brown , 1992,2005).
As indicated by Campbell, workers are procured to perform with productivity and adequacy
(Shmailan, 2016) Association ought to have the capacity to comprehend the representatives necessity and individual wishes which can decide of the worker is certain or negative about the association. Every one of the people ought to be dealt with similarly and ought to be happy with the activity on their qualities and intentions.
According to Gallup, employees who are profoundly occupied in their organization produce high level of customer care, retention, productivity and generate higher profits (luthan and Peterson, 2002).
The Gallup Organization took a study in 2004 concentrated on the drew in and unengaged specialists. There was a misfortune in efficiency of $232 billion in Japan, $64.8 billion in UK because of low commitment of the laborer. A drew in worker or representatives can be profitable advantages for the association with regards to aggressive quality (Shmailan, The relationship between job satisfaction, job performance and employee engagement: An explorative study , 2016).
Organizational engagement is the “extent to which an individual psychologically present as a member of an organization”. Organizational commitment has as significant impact on over all employee engagement (Schaufeli and Salanova, 2007)
One will have a passion if there is a genuine commitment about the business methodology and a commitment to its prosperity (Right Management, 2006). There is an evidence that employee engagement commitment builds efficiency and general execution, creates a better and more productive work environment. True engagement occurs when all when all workers in an association are enthusiastic about the business system and are focused on it its prosperity (Right Management, 2006). Employees have more than work fulfillment, they are satisfied to serve and are promoters of the items and brand name. There is prove that representative commitment builds efficiency and general execution, makes a superior and more profitable workplace, lessens (Caplan, 2003).
The achievement or disappointment od an association is firmly identified with the exertion and inspiration of its workers that frequently leaves the positive outcome and Communication keeps the representatives locked in. It is critical to tune in to every worker, to esteem their supposition and to give input. Correspondence can keep up the trust and regard in the association.
The compensation and benefits are considered as the establishment of any advantage program design. Most of the employee are cited satisfied when they are provided the compensation, which is additionally a state of fascination. An organization’s ability to be inventivee, flexible and generous in providing compensation can be a key to attracting and retaining top performers as part of the total compensation package (Compensation ; Benefits).
The objectives of the study were to discover the impact of job satisfaction, compensation, benefits and loyalty and commitment of the worker to the company in the success and productivity of the organization and to explore the underlying factors affecting employee loyalty. The finding of this study concludes that the job satisfaction and organizational commitment, compensation have an adverse impact on employee loyalty. There is a relationship between the job satisfaction, compensation, loyalty and benefit in the productivity and development of the organization.