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1.1 Introduction
Human life has turned out to be extremely mind boggling now-a-days. In current
society the necessities and prerequisites of the general population are regularly
expanding and consistently evolving. At the point when the request of people is
consistently expanding and regularly changing and their necessities are not satisfied
they end up unsatisfied. Unsatisfied people are probably going to contribute next to
no for any reason. Job satisfaction is a standout amongst the most mainstream and
generally inquired about themes in the field of hierarchical brain research.
Employment satisfaction is a pleasurable or positive passionate state coming about
because of the evaluation of one's activity or Job encounters. Employment satisfaction
has been contemplated both as a result of numerous individual and workplace
qualities and as a forerunner to numerous results. Employees who have higher
employment satisfaction are normally less missing, less inclined to leave, more
gainful, more prone to show hierarchical responsibility, and more inclined to be happy
with their lives.
Job satisfaction is one's inclination or perspective with respect to nature of their work.
Employment can be impacted by assortment of elements like nature of one's
association with their administrator, nature of physical condition in which they work,
level of satisfaction in their work, and so on. Motivational state of mind towards work
are identical to work satisfaction while negative demeanor towards work has been
characterized differently now and again. In short Job satisfaction is a man's state of
mind towards work. Job satisfaction is a state of mind which comes about because of
adjusting and summation of numerous particular preferences experienced regarding
the activity their assessment may rest to a great extent upon one's prosperity or
disappointment in the accomplishment of individual goal and upon saw blend of the
activity and mix towards these closures. The present workplace is experiencing a
noteworthy move; factors, for example, globalization, developing economies, and
enhanced innovation are always showing new difficulties and making new open doors
for people.
The money related market particularly the private saving money industry of
Bangladesh has blasted over the most recent couple of years. Saving money business
has been picking up significance and need in Bangladesh with the developing volume
of exchange and generation in various parts of our national economy and expanded
business exercises throughout the years. Development pattern of banks demonstrate
that, it started to increment pointedly after the freedom of Bangladesh. This basic
measurement demonstrates that, the managing some account propensities for the
ordinary citizens expanded as well as the volume of works of the banks expanded
colossally finished the years. With nationalization of business banks in 1972, there
happened an awesome change in the keeping money exercises and another period in
the historical backdrop of managing an account in Bangladesh has been made. So as
to support private venture, government enabled some nearby banks to work business
in the private areas from 1982-1983. Presently the business keeping money
framework managing an account framework commands Bangladesh's budgetary
division. Bangladesh Bank is the national bank of Bangladesh and the boss
administrative expert in the part. The keeping money framework is made out of four
state-possessed business banks, five particular advancement banks, thirty private
business banks, and nine outside business banks. There has been a ferocious rivalry in
the keeping money part in Bangladesh, which is a result of remote and in addition
nearby venture.
Thusly, we can state that, Motivational elements that impact Job satisfaction in private
keeping money division had been a researchable idea previously. It keeps on being a
researchable idea later on also with the regularly evolving social, financial, innovative
aspects of the world and the rise of private saving money industry. Henceforth, more
looks into and experimental study s relating to the idea of motivational factor
impacting work satisfaction of private banks are basic so as to improve the limits of
existing information. Proposed think about is intended to study the present situation of
motivational elements that ready to impact the activity satisfaction of employees of
the private keeping money segment and future prospects.
The bank was in charge of managing money, controlling credit and directing trade
holds. The individual from the banks in all now remain at 48 in Bangladesh. The
Bangladesh government at first nationalized the whole household keeping money
framework, continued to rearrange, and renamed the different banks. Remote claimed
banks were allowed to keep working together in Bangladesh. The new saving money
framework prevailing with regards to building up sensible productive methodology
for overseeing credit and remote trade. The essential capacity of the credit framework
all through the 1970's as to fund exchange people in general segment, which together
consumed 75% of aggregate advances.
likewise opened their branches in the territory amid 1959-65. Central command of
every one of these banks had in West Pakistan.
managing an account area. Those were Mercantile Bank Ltd., Standard bank Ltd.,
One Bank Ltd., Export Import Bank of Bangladesh Ltd., Bangladesh Commerce bank
Ltd., Mutual Trust Bank Ltd., First Security Bank Ltd., The Premier Bank Ltd., and
Bank Asia Ltd. Once more, in 2001 four more business banks that are private were
allowed to work in the area. These were – The Trust Bank Ltd., Shahjalal Islamic
Bank Ltd., Jamuna Bank Ltd., and BRAC Bank Ltd.
1. To assess the level of Job satisfaction of the workers of commercial private bank.
2. To distinguish the motivational elements influencing work satisfaction of the
employees of commercial private bank.
3. To decide the issues identifying with work satisfaction of the employees of
commercial private bank.
4. To give a few recommendations to beat those issues and enhance work satisfaction
of commercial private bank.
The study is led and featured at work satisfaction level of the employees. It appears
that the investigation will help the scientist, arrangement producers and others
academicians for directing numerous different study s in this fundamental field. It is
to be noticed that discoveries of the study will be useful for the bank and comparative
association of expelling the issues of their employees' activity satisfaction. In the
event that the study is directed on the bank at that point work satisfaction level of the
employees will be progressed. The connection and correspondence among the
workers will be enhanced moreover. It will be conceivable to legitimize the activity
satisfaction level of the workers so as to time. What's more, if the issues are
distinguished, the bank specialist will be cognizant about that and as needs be will
attempt vital activities to expel those issues that will be an extraordinary help for the
employees.
➢
Retirement arrangement
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Welfare benefits
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Working hours
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Participation in basic leadership
➢
Supervision framework
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Authority and obligation
➢
Job security
1. Limited time: There was brief time to finish this investigation appropriately. It
is required no less than a half year to lead the investigation legitimately.
Whereas specialist has gotten 3 months times. Therefore, scientist couldn't
have the capacity to gather information from the distinctive districts of the
nation to play out my exploration work legitimately.
3. Lack of participation: The Officers and workers of the banks are the greater
part of time occupied in their keeping money action. Along these lines, it was
not all that simple to gather information from them.
5. Secrecy of information: Information about the bank is classified and basic. The
fundamental obstruction in setting up this report was privacy of information.
1
Md. Minhajur Rahman and Md. Mukitul Hoque directed an exploration on work
satisfaction of employees in United Commercial Bank. It centers around the relative
significance on work satisfaction factors and their effect on general Job satisfaction of
bank employees. The investigation is led based on three capacities, for example,
Banking division in Bangladesh, Overview of UCBL and Job satisfaction of UCBL.
This investigation is for the most part in view of essential, optional information and
audit of auxiliary writing. The essential information was directed through organized
survey and some individual meeting and the optional information was gathered from
books, magazines, yearly reports, web, and daily paper. The example estimates 31
employees of UCBL Dhanmondi branch based on accommodation examining. The
gathered information has been examined by utilizing rate study on a 5-point likert
scale. The discoveries of the investigation exhibit an unmistakable photo of the status
of Job satisfaction at representative level in UCBL which can influence the
administration to think on a few issues of workers satisfaction and Motivation which
is required for enhancing the profitability of the bank.
2
Rai Imtiaz Hussain and Shahid Basir directed an exploration on the impact of
motivational factors on worker's activity satisfaction. The targets of this study is to
discover the impacts of motivational factors on the workers' activity satisfaction and
representative's conduct as fulfilled workers can increment hierarchical execution. Out
of the 250 employees working the school, 100 were chosen as test and served survey.
Comfort inspecting strategy was utilized to choose test. The consequences of the study
demonstrate that both characteristic and outward factors of Motivation decidedly
influence the level of employment satisfaction of instructors working in District
Public School Okara. Suggestion comes that administration should give more
consideration towards workers' headway in vocation. The exploration is essential to
build up a writing about educators working in schools.
3
Anubhuti Monga, Narinder Verma and O. P. Monga have a study on the employees
of private banks of India. This study was completed to evaluate the level of Job
satisfaction of employees of the ICICI bank. The investigation was led for the most
part based on essential information source. A five-point Likert Scale poll containing
fifteen inquiries removed from the short type of Minnesota Satisfaction Questionnaire
(MSQ) was directed for information gathering. Plus, inquiries on individual qualities,
and so on were incorporated. The outcomes got from study of
4
Seyed Abdol Rasoul Hosseini examined factors influencing the Motivation among
bank workers in Iran. The populace under investigation incorporated all bank
employees, of whom 50 workers were incorporated arbitrarily in the exploration test.
The instrument used to gather the information was Job Motivation Questionnaire.
Also, the gathered information was breaking down by enlightening and inferential
measurements, for example, Pearson connection coefficient. The aftereffects of the
study demonstrated that there is a critical connection between social needs, work
intrigue, self-viability, satisfaction, relational abilities, work advancement, control,
physiological needs, wages, and employment Motivation. Plus, it was noticed that
social needs have the most grounded factor in anticipating work Motivation.
5
Mohammad Masum Iqbal took a shot at work satisfaction among business bank
employees with various possession structures, for example, open, private and remote
banks in Bangladesh. The fundamental targets were to quantify the level of
satisfaction level of investors. Both essential and auxiliary information were utilized
as a part of the study and the example size of the investigation was 150 employees
from these three divisions of banks arranged in Dhaka city. The investigation
delineates that open banks lead as far as professional stability, self-rule, adjust
amongst work and life, specialist and obligation contrasted with their companions
though outside banks lead regarding compensation, status, convenient input.
6
K. M. Anwarul Islam demonstrated that Employee Motivation and professional
stability has impact on work satisfaction. Thus, it may be required to clearly plan and
discovered diverse administrative directing guideline to influence accessible brilliance
to tune to persuade employees which will build up their satisfaction level inside the
association. Subsequently, the Bank organization must gain people under thought. The
level of Job nervousness, rationale of capability alongside the employees, portrayal of
the association other than affects work satisfaction.
7
Aarti chahal et al explores the level of Job satisfaction of Canara Bank employees in
Delhi NCR. The destinations were to discover different elements impacting
satisfaction of workers and concentrate the connection between individual factors and
employer stability of employees. In view of a study, their study endeavors to pick up
experiences into the satisfaction level from the point of view of the Bank employees.
Components including compensation of employees, execution evaluation framework,
special procedures, worker's association with administration and other co-workers,
preparing and advancement program, work weight and working hours are discovered
critical for enhancing work satisfaction of bank employees in Canara bank. Increment
in level of these variables enhances general satisfaction of employees which is
recognized by utilizing measurable systems.
8
K. R. Sowmya and N. Panchanatham expresses that people who express high
satisfaction in their Jobs are probably going to be more gainful, have higher
association and are more averse to leave than employees with less satisfaction. They
likewise express that Job Satisfaction is reliant on chief conduct, associate conduct,
pay and advancement, employment and working condition and authoritative
viewpoints. On account of employment satisfaction perspectives, the business banks
apparent pay and advancement is an imperative factor to choose their satisfaction
level. The employees have critical slant towards idealistic supervisory conduct and
wonderful authoritative setup. The factor study fastidiously distinguished that the
activity appropriateness and in addition the working condition and other relational
relationship among the specialists can determine their level of satisfaction inside the
working space.
9
Sheik Moksudur et al examined work satisfaction among government school
instructors in Bangladesh. The essential goal was to distinguish government school
educators work satisfaction. The essential information has been gathered from 120
instructors from various government school. One route study of difference (ANOVA)
and t-test was utilized to break down information. The instrument surveyed six
measurements of employment satisfaction: - working conditions, introduce pay,
advancement, supervision, partners and Job as a rule. The educators working in
government universities were most happy with working conditions, supervision,
associates and Job as a rule and most unsatisfied with pay and advancement. This
outcome recommends the approach creators to diminish the disappointment level of
educators working in government school.
10
Fahmida Chowdhury have an investigation on "Job Satisfaction of Bank
Employees: A Comparative Study of Public and Private Sector Banks " and focuses
on study of employment satisfaction in various administration levels inside the banks.
This study additionally watches a critical distinction in work satisfaction among the
best level employees with the lower level workers for all situation s aside from the
female investors of private part banks. The paper in light of both essential and
auxiliary data. For gathering essential information, a survey was directed to quantify
the general Job satisfaction, which incorporates some activity related issues and staff
issues. Information were gathered from the three levels of chain of command with the
assistance of the administration of particular banks. The review was directed in 2006.
Four banks were browsed people in general division to be specific Sonali Bank
(SBL), Janata Bank (JBL), Agrani Bank (ABL), and Bangladesh Krishi Bank (BKB)
by utilizing purposive testing. In the event of the private area banks, four banks to be
specific Pubali Bank Ltd (PBL), Uttara Bank Ltd (UBL), AB Bank Ltd (ABBL), and
IFIF Bank Ltd were chosen arbitrarily from the original banks. An aggregate number
of 120 examples were considered. The discoveries of the investigation is it turns out
to be certain that sometimes work satisfaction level of private and open division
banks, employees in various administration level isn't indistinguishable.
11
S.M.Ikhtiar Alam and Mostafa Kamal differentiates two parts of Job satisfaction
feature satisfaction and general satisfaction of female specialists. The fundamental
target was to gauge the satisfaction level of female specialists and to recognize the
variables adding to both satisfaction and disappointment. They mostly estimated the
level of general satisfaction and examined the nature feature satisfaction of 200
female specialists. They reasoned that minor level of female specialists in various
article of clothing processing plants are happy with their Jobs and there is a positive
connection between their level of employment satisfaction and the level of
wages/compensations and other distinguished components.
12
Ishfaq Ahmed et al breaks down the impacts of motivational factors on work
satisfaction of employees. The essential information has been gathered from non-
scholarly staff of University of the Punjab. Auxiliary condition demonstrating method
has been connected to test speculation, SPSS 16.0 has additionally been embraced for
essential study purposes. The investigation reasons that natural motivational elements
are having noteworthy association with representative Job satisfaction, though
cleanliness (extraneous) factors are not having any huge association with worker work
satisfaction. Besides, noteworthy distinction was seen between sexual orientation,
capability, encounter, work qualities and Job satisfaction.
13
Uzma Rashid et al directed an exploration titled "Contrast in Job Satisfaction and
Work Motivation Among Government and Private Company Employees ". The
investigation was done with the targets to evaluate the idea of employment
satisfaction and work Motivation among Govt. furthermore, Private Company
workers in District Anantnag. The study was directed on an example of 140
employees from private and Govt. organization workers of locale Anantnag of
Kashmir Valley. Facilitate the example is separated based on sexual orientation in
guys and females in the two parts. Govt. also, private employees and in addition Male
and female workers don't vary essentially in the level of their characteristic and
outward employment satisfaction and additionally inborn and extraneous work
Motivation.
14
Tariq Rafique et al examines on factors affecting Job satisfaction of employees
working in private associations of Pakistan. This investigation educates about
connections between true to life factors and Job satisfaction of private associations
since work satisfaction of private associations employees might be worried about the
individual characteristics, for example, age, sexual orientation and years of
experience. Target of the investigation is the change of authoritative Human Resource
15
Shaheen Ahmed and Md. Nokir Uddin led a study on work satisfaction of investors
and its effect in keeping money of Bangladesh. The destinations were to distinguish
the level of employment satisfaction of financiers, discover the issues and give a few
proposals. In this study 50 financiers from various territories of Janata Bank Limited
(JBL) were chosen without considering their statistic factors and both parametric and
non-parametric factual investigation has been led to reach its inference. This paper
uncovers that the activity satisfaction of the financiers principally relies upon a few
perspectives like: compensation, advancement, supervision, benefits, rewards,
working system, collaborator, nature of work, correspondence and so on. It is
displayed that the general employment satisfaction of the financiers is winning in JBL
despite the fact that in a portion of the viewpoints or territories they are not fulfilled,
for example, pay, advancement and advantages. The general consequences of the
investigation demonstrate that administrations of the officers of the JBL are altogether
palatable.
References
I. Md. Minhajur Rahman and Md. Mukitul Hoque., “An Analysis of Employees
Job Satisfaction: A Study on United Commercial Bank Limited”, International
journal of Ethics in Social Sciences, Vol. 2, No 2, December 2014, pp. 117-
131.
II. Hussain, Imtiaz Rai and Basir Shahid, “Effect of Motivational Factors on
Employee’s Job Satisfaction: A Case of District Public School Okara”,
International Journal of Management & Business Studies.Vol.3, Issue 2,
(April-June 2013), pp.7-10.
VI. Islam, Anwarul K. M. “Job Satisfaction & Bankers Turnover: A Case Study on
Bangladesh Commerce Bank Limited”, International Journal of Business and
Management Review, Vol. 1, No. 4, (December 2013), pp. 1-14.
VII. Chahal, Aarti, chahal, Seema, Chowdhary, Bhawna and chahal, Jyoti, “Job
Satisfaction Among Bank Employees: An Analysis of The Contributing
Variables Towards Job Satisfaction”, International Journal of Science &
Technology Research, Vol. 2, Issue 8, (August 2013), pp.11-20.
XI. Alam, Ikhtiar S.M. and Kamal, Mostafa, “Job Satisfaction of Female Workers
in Different Garment Factories in Dhaka City: An Inter-temporal
Comparison”, Daffodil International University Journal of Business and
Economics, Vol.1, No.1, (2006), pp.87-99.
XIII. Rashid Uzma, Wani, Nisar Ahmad Dr., Ahmad,Fayaz, “ Difference in Job
Satisfaction and Work motivation Among Government and Private Company
Employees”, International Journal of Innovative Research & Development,
Vol.2, N0.7,(2009). pp.51-61.
XIV. Rafique, Tariq, Butt, Faisal Shafique, Khawaja, Arslan Bashir, Akhtar, Naveed
and Hussain, Atif,” Factors Effecting Job Satisfaction of Employees working
in Private Organizations: A Case of Pakistan”, Research Journal of Applied
Sciences, Engineering and Technology, Vol.7, (2014), pp.1149-1157.
So, the employees of the example banks are considered as respondent of the study.
Scientist gathered data about the subjects from the respondent through the pretesting
survey. The analyst asked for the employees to give reply of the considerable number
of inquiries deliberately.
2. Secondary sources: Secondary information were gathered from a few sources, for
example,
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Journals
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Websites
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Research reports
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Data study system
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Newspapers
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Books
To break down the quantitative information, the specialist investigated the inner
structure and estimation by utilizing rate arrangement and organization frame.
Scientist has utilized five-point Likert scales for rating employee’s activity
satisfaction:
4.1 Motivation
The word Motivation is gotten from a Latin word "Movere" which truly signifies "to
move". Motivation is a procedure that begins with a physiological or mental need that
initiates a conduct or a drive that is gone for an objective. Worker Motivation is the
mind-boggling powers, drivers, needs, strain states, or different components that
begin and keep up intentional action coordinated towards the accomplishment of
individual objectives.
(a) Characteristics of the individual - the main classification, are the wellspring of
inward or push powers of Motivation. Three factors likewise add to a person's push
powers: the people
(1) Need, for example, security, confidence, accomplishment, or power.
(2) Attitudes-towards work, a manager, or association and
(3) Goals, for example, undertaking finishing, achievement of a specific level of
execution, and transporter headway.
(b) Characteristics of the activity - the second class identifies with the outer or draw
powers which move in work attributes of the individual (what the individual does at
the work environment). The qualities what amount coordinate input he gets, the work
stack, the assortment and extent of assignments and level of control the individual has
as far as how he or she functions?
(c) Characteristics of the work circumstance – the third classification identifies with
the work circumstance of the individual, discussing what really happens to the
individual. This class has two arrangements of factors: the prompt social condition
containing the individual's managers, working gathering people and subordinates; and
the different sorts of authoritative activities, for example, the association's prizes and
remuneration hones, the accessibility of preparing and improvement, and the measure
of weight connected to accomplish large amounts of yield.
Optional necessities, then again, are mental, which implies that they are found out
principally through understanding. These requirements shift essentially by culture and
by person. Optional necessities comprise of inside states, for example, the want for
power, accomplishment, and love. Recognizing and translating these necessities is
more troublesome in light of the fact that they are exhibited in an assortment of ways.
Optional requirements are in charge of the vast majority of the conduct that a boss is
worried about and for the prizes a man looks for in an organization.
1. Physiological Needs
Physiological necessities as indicated by Maslow (1970) are the essential
requirements for survival and considered it to be the most minimal level needs. These
requirements included needs, for example, sustenance, water and sanctuary. These are
the essential necessities an individual need to survive and truly can't manage without
it. He was of the solid assessment that regardless of whether the various needs are
unsatisfied then physiological needs will rule. Insofar as physiological needs are
unsatisfied, there exist as a driving or rousing power in a man's life.
2. Security Needs
The following level in the progressive system was what he named as wellbeing needs-
the scan for shield, security, strength, reliance, insurance, flexibility from (tension,
dread and disorder), and a requirement for structure, request, and law. In the work
setting this need convert into a requirement for no less than an insignificant level of
business security; and the confirmation that we can't be expelled or sacked on
superfluous issues.
3. Social Needs
On the off chance that a man has the initial two levels of necessities very much
delighted, the development of social needs (feeling of belongingness and love) turns
into the following target. At this phase throughout everyday life, a man strives after
the love of others and would need to be set in a gathering or family. Relating this to
the work put, as active animals, people have a need to have a place and this must be
fulfilled by a capacity to cooperate with one's partners and have the capacity to team
up successfully to accomplish authoritative objectives.
4. Regard Needs
All people have a need to feel regarded; this incorporates the need confidence and
sense of pride. Regard shows the run of the mill human want to be acknowledged and
esteemed by others. People look for needs like want for notoriety and
acknowledgment, esteem, status, acclaim, magnificence, strength consideration and
gratefulness according to other people.
5. Self-realization Needs
This level of need alludes to what a man's maximum capacity is and the
acknowledgment of that potential. Maslow depicts this level as the want to achieve
everything that one can, to end up the most that one can be Individual may see or
spotlight on this need particularly.
Following Herzberg's two-factor theory, managers need to ensure that hygiene factors
are adequate and then build satisfiers into jobs.
Although research has not verified the strict deficit and progression principles of
Maslow's theory, his ideas can help managers understand and satisfy the needs of
employees.
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Existence needs: he characterized as including all fundamental
material presence prerequisites; (Maslow's physiological and security needs).
➢
Relatedness Needs: he alluded to as the journey of people to keep up
relational association with other human relatives, partners, managers, and
subordinates. He clarifies advance by saying people fulfill this need by sharing
considerations and emotions. (Maslow's social/adore require and the outside part of
his regard require).
➢
Growth Needs: He alluded to as what induces a man to be inventive or
affect his/her condition in this manner, the want for self-improvement. He was of the
conclusion that this level of necessities can be cooked for by participating in
challenges that requests that you utilize your aptitudes or require that you start new
ones (Maslow's regard need, and self-realization). In the nutshell, Alderfer trusts that
three classifications of requirements are dynamic in each individual yet change in
degrees and quality.
Alderfer's ERG hypothesis contrasts from Maslow's Need Hierarchy seeing that ERG
hypothesis shows that in excess of one need might be agent in the meantime. ERG
hypothesis does not accept an unbending progressive system where a lower require
must be generously fulfilled before one can proceed onward. Alderfer likewise
manages disappointment. That is, if a higher-arrange require is unsatisfied, an
individual at that point tries to expand the satisfaction of a lower-arrange require.
As per Maslow an individual would remain at a specific need level until the point
when that need was fulfilled. ERG hypothesis counters by noticing that when a
higher-arrange require level is baffled the person's want to expand a lower-level need
happens. Failure to fulfill a requirement for social cooperation, for example, may
expand the want for more cash or better working conditions. So, disappointment can
prompt a relapse to a lower require.
In rundown, ERG hypothesis contends, as Maslow, that fulfilled lower-arrange needs
prompt the want to fulfill higher-arrange needs; however various requirements can be
➢
Employees are self-coordinated and self-controlled and focused on the
hierarchical
➢
goals.
Employees acknowledge and look for duties.
➢
Innovative soul isn't bound to directors alone, a few workers likewise
have it.
➢
Hypothesis of X accept Maslow's lower level needs overwhelm
in employees.
(b) Need of energy (nPow) – to have control more than one‟s condition.
Mc Clleland (1955) battled that a man who has a high requirement for
accomplishment is somebody who routinely makes progress toward progress or
objective achievement. He was of the view that, as opposed to being orchestrated in a
chain of command, individual have every probability of clashing needs, which propel
their conduct when initiated.
In synopsis, all the hypothesis proposed was, people with accomplishment thought
processes are propelled by benchmarks of perfection, outlined parts and duties and
concrete, opportune input. Those with alliance thought processes are propelled when
they can achieve things with people they know and trust. What's more, the power
rationale is initiated when people are permitted to have an effect, awe people with
significant influence, or beat contenders.
Job satisfaction portrays how content an individual is with his or her activity.
Specialists with abnormal state of satisfaction have positive feeling about their
activity and laborer with low satisfaction has negative feeling about their activity. Job
satisfaction is as to one's emotions or perspective with respect to the idea of their
work.
Job satisfaction can be characterized as a worker's state of mind towards the activity.
It isn't same as Motivation, rather it is worried about the disposition and interior
condition of an individual in regards to a specific employment. It could, for instance,
be related with an individual sentiment accomplishment, and henceforth, formed or
dictated by pay, supervisory style, and age factors. In the event that the current
employment neglects to give mental or physiological need of an individual,
satisfaction from the activity may be low.
Hackman and Oldham (1975) proposed that employments contrast in the degree to
which they include five center measurements:
1. Ability assortment.
2. Assignment character.
3. Assignment centrality.
4. Self-governance.
5. Assignment criticism.
All the more particularly, work satisfaction can be clarified as a worker's general
disposition towards the activity. It is a pleasurable inclination that outcomes from a
representative's impression of accomplishing the coveted level of need or satisfaction.
It is a multidimensional mentality which is comprised of the state of mind of towards
pay, advancements, colleagues, supervision of workplace et cetera. High Job
satisfaction suggests that the workers like the activity, though, low employment
satisfaction identifies with hating of the activity by people.
Thusly, we can reason that, work satisfaction is a worker's sure reaction toward the
different parts of employment. It enhances work execution and can be controlled by
the deviation between worker's assumption about employment result and what the
activity really offers.
So, we can state that, work satisfaction is the general satisfaction of employees on
their association, the activity, condition and other pertinent components.
1. Happiness of the Administrators: It increment the energy the heads since work
satisfaction builds the efficiency of every representative.
4. Lessens Employee Turnover: If employees are not fulfilled on their activity then
they endeavor to go to other association. Be that as it may, if work satisfaction wins
then this turnover will be diminished.
7. Expanded Productivity: If work satisfaction wins then the employees think the
association as their own association which builds their efficiency.
8. Builds Discipline: High Job satisfaction makes workers more enterprising and
devoted. They untouched attempt to comply with the tenets of the association.
At last one might say that high employment satisfaction is the way to achievement of
an association. That is the reason an association should attempt to keep nature where
the employees will be very fulfilled.
Organ and Hamnre upheld Reitz's idea about the components of employment
satisfaction.
Blum and Naylor additionally ordered the elements of employment satisfaction into
three sorts. These are:
✓ Specific work factors.
✓
Employee's own attributes.
✓
Group connection.
By thinking about the greater part of this present master's view about the determinants
of the activity satisfaction, we can arrange the variables into two kinds for our
improvement of dialog.
2. Personal Variable: In an association a worker can pick his obligations and any one
can disdain his duties. As a matter of fact, decision of work relies upon one's close to
home elements. These are given underneath:
❖
Age.
❖
Educational Level.
❖
Sex.
❖
Personal Differences.
1. General level of satisfaction is known: Organization can be educated about the level of
Job satisfaction of the workers and find a way to build representative satisfaction.
4. Training necessities are known: If low satisfaction wins at that point preparing is
required. So, work satisfaction knows the need of preparing.
5. Improvement of states of mind: If the employees are more fulfilled on their activity
then their demeanor turn out to be extremely positive.
2. Get Subordinate Involved: Managers who want to play out the majority of the
regulatory and administrative errands for their areas of expertise all alone are adding
to their own particular pressure and estranging their staff. Figure out how to get your
employees engaged with settling on every day choices by enabling employees to build
up their own particular work technique.
3. Take Breaks: The worry of being an administrator can deplete a portion of the
feeling of satisfaction one gets from departmental and proficient achievements.
Taking breaks for the duration of the day is a basic yet viable approach to abstain
from workaholic behavior oneself and enable one's a great opportunity to gather one's
contemplations.
4. Preparing: To get more out of oneself as a supervisor, he/she needs to proceed with
his/her instructive and expert improvement. Industry preparing and propelling one's
instructive foundation can help his/her to contribute more to the group. One can
likewise enhance one's own particular profession way by keeping up one's very own
improvement.
A. Salaries or wages: Pay rates or wages is a standout amongst the most vital
motivational variables. Sensible compensations must be paid on time. While settling
pay rates the association must consider, for example, Cost of living, Company
capacity to pay, Capability of organization to pay and so forth.
C. Incentives: The association may likewise give extra motivating forces, for
example, therapeutic stipend, instructive recompense, stimulation remittance, and so
on.
2. Non-Monetary Factors
H. Cordial relations: Good and solid relations must exist all through the
association. This would inspire the workers.
J. Other factors: There are a few different components of rousing the workers:
➢
Providing preparing to the workers.
➢
Proper employment positions.
➢
Proper advancements and exchanges.
➢
Proper execution criticism.
➢
Proper welfare offices.
➢
Flexible working hours.
17%
23% Highly satisfied
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
60%
From the pie chart it is seen that 23% employees are highly satisfied, 60% are
satisfied, 17% are neutral, 0% are dissatisfied and 0% are highly dissatisfied on the
behavior of the boss of the bank.
Table-2
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 7 22 1 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 35 88 3 0 0 126
Comment: From the above calculation it is seen that the weighted average 4.20 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
on their salary.
From the pie chart it is seen that 23% employees are highly satisfied, 73% are
satisfied, 4% are neutral, 0% are dissatisfied and 0% are highly dissatisfied on salary
of the bank.
Table-3
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 4 16 6 4 0 30
Point 5 4 3 2 1
Assigned
Outcome 20 64 18 8 0 110
Comment: From the above calculation it is seen that the weighted average 3.67 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
on incentives provided by the bank.
Highly Satisfied
20% Satisfied
Neutral
Dissatisfied
54% Highly Dissatisfied
From the pie chart it is seen that 13% employees are highly satisfied, 54% are
satisfied, 20% are neutral, 13% are dissatisfied and 0% are highly dissatisfied on the
incentives provided by the bank.
Table-4
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 6 18 6 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 30 72 18 0 0 120
Comment: From the above calculation it is seen that the weighted average 4.00 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
on the increment provided by the bank.
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
60%
From the pie chart it is seen that 20% employees are highly satisfied, 60% are
satisfied, 20% are neutral, 0% are dissatisfied and 0% are highly dissatisfied on the
increment provided by the bank.
Question-5: Satisfaction level of the respondents with the house rent allowances
provided by the bank:
Table-5
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 10 17 3 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 50 68 9 0 0 127
Comment: From the above calculation it is seen that the weighted average 4.23 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
on the house rent allowances provided by the bank.
10%
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
57%
From the pie chart it is seen that 33% employees are highly satisfied, 57% are
satisfied, 10% are neutral, 0% are dissatisfied and 0% are highly dissatisfied on the
house rent allowances provided by the bank.
Table-6
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 4 21 3 2 0 30
Point 5 4 3 2 1
Assigned
Outcome 20 84 9 4 0 117
Comment: From the above calculation it is seen that the weighted average 3.90 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the medical allowances provided by the bank.
70%
From the pie chart it is seen that 13% employees are highly satisfied, 70% are
satisfied, 10% are neutral, 7% are dissatisfied and 0% are highly dissatisfied with the
medical allowances provided by the bank.
Table-7
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 5 20 4 1 0 30
Point 5 4 3 2 1
Assigned
Outcome 25 80 12 2 0 119
Comment: From the above calculation it is seen that the weighted average 3.97 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
on the conveyance allowances provided by the bank.
Satisfied
Neutral
Dissatisfied
67% Highly Dissatisfied
From the pie chart it is seen that 17% employees are highly satisfied, 67% are
satisfied, 13% are neutral, 3% are dissatisfied and 0% are highly dissatisfied on the
conveyance allowances provided by the bank.
Question-8: Satisfaction level of the respondents with the bonus provided by the
bank:
Table-8
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 6 19 5 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 30 76 15 0 0 121
Comment: From the above calculation it is seen that the weighted average 4.03 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the bonus provided by the bank.
0%
0%
17%
20%
Highly Satisfied
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
63%
From the pie chart it is seen that 20% employees are highly satisfied, 63% are
satisfied, 17% are neutral, 0% are dissatisfied and 0% are highly dissatisfied with the
bonus provided by the bank
Table-9
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 12 18 0 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 60 72 0 0 0 132
Comment: From the above calculation it is seen that the weighted average 4.40 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
on the opportunities to use ability provided by the bank.
Highly Dissatisfied
From the pie chart it is seen that 40% employees are highly satisfied, 60% are
satisfied, 0% are neutral, 0% are dissatisfied and 0% are highly dissatisfied on the
opportunities to use ability provided by the bank.
Question-10: Satisfaction level of the respondents with the working hour of the
bank:
Table-10
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 6 23 1 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 30 92 3 0 0 125
Comment: From the above calculation it is seen that the weighted average 4.17 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the working hour of the bank.
From the pie chart it is seen that 20% employees are highly satisfied, 77% are
satisfied, 3% are neutral, 0% are dissatisfied and 0% are highly dissatisfied with the
working hour of the bank.
Question-11: Satisfaction level of the respondents with the existing leave rules of
the bank:
Table-11
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 4 22 3 1 0 30
Point 5 4 3 2 1
Assigned
Outcome 20 88 9 2 0 119
Comment: From the above calculation it is seen that the weighted average 3.97 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the existing leave rules of the bank.
14%
10%
Highly Satisfied
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
73%
From the pie chart it is seen that 14% employees are highly satisfied, 73% are
satisfied, 10% are neutral, 3% are dissatisfied and 0% are highly dissatisfied with the
existing leave rules of the bank.
Table-12
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 6 17 7 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 30 68 21 0 0 119
Comment: From the above calculation it is seen that the weighted average 3.97 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the recognition of management and appreciation of higher authority of the bank.
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
57%
From the pie chart it is seen that 20% employees are highly satisfied, 57% are
satisfied, 23% are neutral, 0% are dissatisfied and 0% are highly dissatisfied with the
recognition of management and appreciation of higher authority of the bank.
Question-13: Satisfaction level of the respondents with the loan facilities of the
bank:
Table-13
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 6 19 5 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 30 76 15 0 0 121
Comment: From the above calculation it is seen that the weighted average 4.03 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the loan facilities of the bank
17%
20%
Highly Satisfied
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
63%
From the pie chart it is seen that 20% employees are highly satisfied, 63% are
satisfied, 17% are neutral, 0% are dissatisfied and 0% are highly dissatisfied with the
loan facilities of the bank
Table-14
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 7 18 2 0 3 30
Point 5 4 3 2 1
Assigned
Outcome 35 72 6 0 3 116
Comment: From the above calculation it is seen that the weighted average 3.87 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the retirement benefit policy of the bank.
0%
10%
7% 23%
Highly Satisfied
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
60%
From the pie chart it is seen that 23% employees are highly satisfied, 60% are
satisfied, 7% are neutral, 0% are dissatisfied and 10% are highly dissatisfied with the
retirement benefit policy of the bank.
Question-15: Satisfaction level of the respondents with the reward for better
performance of the bank:
Table-15
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 10 15 5 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 50 60 15 0 0 125
Comment: From the above calculation it is seen that the weighted average 4.17 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the reward for better performance of the bank.
0% 0%
17%
Highly Satisfied
33%
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
50%
From the pie chart it is seen that 33% employees are highly satisfied, 50% are
satisfied, 17% are neutral, 0% are dissatisfied and 0% are highly dissatisfied with the
reward for better performance of the bank.
Table-16
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 4 19 5 2 0 30
Point 5 4 3 2 1
Assigned
Outcome 20 76 15 4 0 115
Comment: From the above calculation it is seen that the weighted average 3.83 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the welfare facilities of the bank.
From the pie chart it is seen that 13% employees are highly satisfied, 63% are
satisfied, 17% are neutral, 7% are dissatisfied and 0% are highly dissatisfied with the
welfare facilities of the bank.
Table-17
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 2 15 11 2 0 30
Point 5 4 3 2 1
Assigned
Outcome 10 60 33 4 0 107
Comment: From the above calculation it is seen that the weighted average 3.57 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the working environment of the bank.
7% 7%
Highly Satisfied
Satisfied
36% Neutral
Dissatisfied
50%
Highly Dissatisfied
From the pie chart it is seen that 7% employees are highly satisfied, 50% are satisfied,
36% are neutral, 7% are dissatisfied and 0% are highly dissatisfied with the working
environment of the bank.
Table-18
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 4 20 6 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 20 80 18 0 0 118
Comment: From the above calculation it is seen that the weighted average 3.93 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the promotional facilities of the bank.
13%
20%
Highly Satisfied
Satisfied
Neutral
Dissatisfied
Highly Dissatisfied
67%
From the pie chart it is seen that 13% employees are highly satisfied, 67% are
satisfied, 20% are neutral, 0% are dissatisfied and 0% are highly dissatisfied with the
promotional facilities of the bank.
Question-19: Satisfaction level of the respondents with the social status of the
bank:
Table-19
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 4 19 7 0 0 30
Point 5 4 3 2 1
Assigned
Outcome 20 76 21 0 0 117
Comment: From the above calculation it is seen that the weighted average 3.90 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the social status of the bank.
From the pie chart it is seen that 13% employees are highly satisfied, 64% are
satisfied, 23% are neutral, 0% are dissatisfied and 0% are highly dissatisfied with the
social status of the bank.
Table-20
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 3 16 8 3 0 30
Point 5 4 3 2 1
Assigned
Outcome 15 64 24 6 0 109
Comment: From the above calculation it is seen that the weighted average 3.63 which
is more than 3.5(the expected level). So, we can say that the employees are satisfied
with the assurance regarding job security of the employees provided by the bank.
Highly Satisfied
27% Satisfied
Neutral
Dissatisfied
53% Highly Dissatisfied
From the pie chart it is seen that 10% employees are highly satisfied, 53% are
satisfied, 27% are neutral, 10% are dissatisfied and 0% are highly dissatisfied with the
assurance regarding job security of the employees provided by the bank.
Question-21: Satisfaction level of the respondents with the job till now of the
bank:
Table-21
Statement Highly Satisfied Neutral Dissatisfied Highly Total
Satisfied Dissatisfied
Frequency 3 14 9 2 2 30
Point 5 4 3 2 1
Assigned
Outcome 15 56 27 4 2 104
Comment: From the above calculation it is seen that the weighted average 3.47 which
is less than 3.5(the expected level). So, we can say that the employees are not satisfied
with the job till now of the bank.
7% 10%
7%
Highly Satisfied
Satisfied
30% Neutral
46% Dissatisfied
Highly Dissatisfied
From the pie chart it is seen that 10% employees are highly satisfied, 46% are
satisfied, 30% are neutral, 7% are dissatisfied and 7% are highly dissatisfied with the
job till now of the bank.
Comment: From the above calculation it is seen that the Weighted Average on overall
measurement on job satisfaction influenced by motivational factors is 3.95 which is
more than 3.5 (the expected level). So, we can say that the employees from different
commercial banks are satisfied on job as a whole.
Table-6.3
Response Pattern Number of Response Percentage (%)
Highly Satisfied 120 16
Satisfied 386 47
Neutral 102 28
Dissatisfied 17 8
Highly Dissatisfied 5 1
From the table, it is seen that, out of 630 responses, 120 are very satisfied, 386 are
satisfied, 102 are neutral, 17 are dissatisfied and 5 are highly dissatisfied through the
overall measurement.
3% 1%
16% 19%
61%
From the above chart we can see that the level of satisfaction influenced by
motivational factors on satisfied is 61% which is higher than other.
The researcher provided a questionnaire composed of 21 questions to each respondent
and there were five options to provide answer of each question e.g. highly satisfied,
satisfied, neutral, dissatisfied and highly dissatisfied. Total numbers of respondents
are 30. Each respondent answers the 21 questions. So, the total responses are 630. Out
of 630 responses, 120 are on highly satisfied, 386 are satisfied, 102 are on neutral, 17
are on dissatisfied, 5 are on highly dissatisfied through the overall measurement.
Here, we see that aggregately 61% respondents are satisfied and it is the highest
position of respondents on the level of job satisfaction. Highly dissatisfied position is
the lowest. So, we can say that most of the respondents are satisfied on their job.
The accompanying issues are found from the review and study on respondents of 5
private business banks in Bangladesh (all branches in Rajshahi):
I. Most of the respondents are not happy with the motivating forces gave by the
bank.
II. Most of them have disappointment with the transport recompenses gave by the
bank.
III. Most of the respondents are unsatisfied on working hour of the bank.
VI. Most of them are not happy with the general non-money related motivating
forces of the bank.
6.2 Recommendations:
1. Incentives that are given by the bank are not satisfactory. With the goal that
it can't propel the employees. Satisfactory Incentives ought to be given by the bank.
3. Although working hours of most private bank is 9a.m.- 5p.m. In any case, the
greater part of the investors can't finish their everyday exercises inside 5p.m. Much of
the time they leave the bank at 6.30/7 p.m. Hence working hour ought to be indicated
and adaptable.
5. Promotion ought to be standard for the bank workers. Each bank has their own
particular advancement approach. Customary Promotional offices ought to be offered
to skillful people who will satisfy the special conditions.
7. Strict principles and controls ought to be casual to some degree and it ought
to be defined for the employees. Aggressive pay bundle ought to be offered to rouse
workers.
8. Salary augmentation urges people to give their best push to the work.
Opportune and appropriate compensation augmentation ought to be given to rouse
workers more.
10. Performance based remuneration should be presented with the goal that
employees will be intrigued to enhance their execution that will encourage
hierarchical achievement.
11. It ends up troublesome for the lesser workers to take tremendous weight in the
wake of joining the bank. Specialist should diminish the work heap of junior worker.
12. Training is the pragmatic learning program. Normal and nonstop preparing
system ought to be led with the goal that the execution of the employees will at last be
made strides.
5.3 Conclusion:
Job satisfaction is a critical territory of research. This paper has concentrated
particularly on impact of motivational factors on work satisfaction. The point was to
decide the impact of motivational components that inspire bank employees. The
investigation features some motivational variables that contributing toward work
satisfaction. Here, six main considerations are considered to quantify the satisfaction
of the respondents of the chose banks. These variables are work condition,
compensation, administration, money related office, advancement, economic
wellbeing. Other than these six components, there are some different variables, which
are likewise in charge of Job satisfaction. Changes in a few factors, for example,
administration approach, pay structure, advancement structure, work condition
additionally vital to gauge employees satisfaction level. To close it can be expressed
that each one of those private business banks introduce situation is a forthcoming and
aggressive one and workers are fulfilled yet somewhat more Motivation influence
them more to fulfill, which can get more achievement the advance of those banks.
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APPENDIX
QUESTIONNAIRE
1. Name: _______________________________________________
3. Your age: (a) Less than 25 (b) 25-29 (c) 30-34 (d) 35-39
(e) 40-44 (f) 45-49 (g) Above-50
4. Gender: You are: (a) Male (b) Female
rules?
12. How much are you satisfied
with the recognition of
management and appreciation of
higher authority?
13. How much are you satisfied
with the loan facilities of the
bank?
14. How much are you satisfied
with the retirement benefit policy
of your bank?
15. To what extent are you
satisfied with the rewards that are
provided for better performance?
10. Please provide some suggestions to improve the level of satisfaction of the
employees of the bank.
…………………………………………………………………………………………
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THE END
THANK YOU
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