Assessing the Nature of Job Satisfaction Level: A Study on Private Bank Employees in Bangladesh

Authors

  • Md. Najmul Hasan FCUB
  • Shazia Afrin FCUB
  • Mostafijur Rahman FCUB
  • Alim Al Ayub Ahmed Jiujiang University

DOI:

https://doi.org/10.18034/gdeb.v9i2.511

Keywords:

Job satisfaction, Chi-square test, demographic characteristics, Bank employees, Bangladesh

Abstract

The purpose of this study is to assess the nature of the job satisfaction level of private bank employees in Bangladesh. It used a semi-structured questionnaire which contains both pre-coded and open-ended questions. All questions were rated with the Likert 5-point scale. A Chi-square test was used to assess the relationship between independent and dependent variables. In this study, a significant inter-class relationship was observed between demographic characteristics namely sex, age, designation, salary, and family member, marital status, working environment, service period and family income, and job satisfaction indicators which are, participation in decision making, training facilities, autonomy in work, gender discrimination, working hour, chance of promotion, increase knowledge & capacity, the practice of MBO and surprisingly availability of tools and resources had no significant relation with any demographic factors. Employees who work as an officer (93.3%, p< .001) and withdraw salary 25,001-35,000 (88.2%, p< .000) cannot participate in decision making. But who works in the participative environment (83.9%, p< .000) get a proper training facility. Employees with <30-year age (83.3%, p< .016) cannot practice autonomy. Unmarried workers (53.8%, p< .006) face gender discrimination. Employees who work in an Autonomous environment (76.0%, p< .00001) do not get enough working hours. Employees with 30-35-year age (80.8%), p< .002) do not get a proper promotion. Male (98.0%, p< .001) report the organization increases its capacity and knowledge. Employees work in an autonomous environment (88.0%, p< .002) report that organization practices MBO. This study also shows that female employees are more satisfied than males. The overall situation can be improved by guaranteeing employees participation in decision making, regular training, providing appropriate increments and promotion, redesigning working hours and environment, and removing gender discrimination. Further Study is recommended.

Downloads

Download data is not yet available.

Author Biographies

  • Md. Najmul Hasan, FCUB

    Assistant Professor, Department of Business Administration, First Capital University of Bangladesh, Chuadanga, BANGLADESH

  • Shazia Afrin, FCUB

    Lecturer, Department of Business Administration, First Capital University of Bangladesh, Chuadanga, BANGLADESH

  • Mostafijur Rahman, FCUB

    Lecturer, Department of Business Administration, First Capital University of Bangladesh, Chuadanga, BANGLADESH

  • Alim Al Ayub Ahmed, Jiujiang University

    Professor (Visiting), School of Accounting, Jiujiang University, Jiujiang, Jiangxi, CHINA 

References

Agarwala, T. (2011). Strategic Human Resource Management (11th ed.). Oxford: New Delhi. https://india.oup.com/product/strategic-human-resource-management-9780195683592?

Ahmed, A. A. A. (2020). Corporate attributes and disclosure of accounting information: Evidence from the big five banks of China. J Public Affairs. e2244. https://doi.org/10.1002/pa.2244

Ali, T. & Akhter, I. (2009). Job Satisfaction of Faculty Members in Private Universities -In Context of Bangladesh. International Business Research, 2(4), 167-175. https://doi.org/10.5539/ibr.v2n4p167

Antoncic, J.A., & Antoncic, B. (2011). Employee satisfaction, intrapreneurship and firm growth: a model, Industrial Management & Data system, 111(4), 589-607. https://doi.org/10.1108/02635571111133560

Asadullah, A., Juhdi, N. B., Islam, M. N., Ahmed, A. A. A., & Abdullah, A. (2019). The Effect of Reinforcement and Punishment on Employee Performance. ABC Journal of Advanced Research, 8(2), 47-58. https://doi.org/10.18034/abcjar.v8i2.87

Azad, M. R., Khan, W., & Ahmed, A. A. A. (2011). HR Practices in Banking Sector on Perceived Employee Performance: A Case of Bangladesh. Eastern University Journal, 3(3), 30–39. https://doi.org/10.5281/zenodo.4043334

Bakotic, D. (2016). Relationship between job satisfaction and organizational performance, Economic Research-Ekonomska Istraživanja, 29:1, 118-130, https://doi.org/10.1080/1331677X.2016.1163946

Balcazar, J. (2020). Religion, spirituality, and the workplace: A meta-analytic study on outcomes of job satisfaction, job performance, and organizational citizenship behaviors (Order No. 27834051). Available from ProQuest Dissertations & Theses Global. (2410797912). Retrieved from https://search.proquest.com/docview/2410797912?accountid=35493

Bayona, J. A., Caballer, A., & Peiró, J. M. (2020). The relationship between knowledge characteristics’ fit and job satisfaction and job performance: The mediating role of work engagement. Sustainability, 12(6), 2336. https://dx.doi.org/10.3390/su12062336

Budría, S., & Baleix, J. M. (2020). Offshoring, job satisfaction and job insecurity. Economics, 14(23), 1-32. http://dx.doi.org/10.5018/economics-ejournal.ja.2020-23

Buker, H. & Dolu O. (2010). Police job satisfaction in Turkey: Effects of demographic, organizational and jurisdictional factors. International Journal of Comparatives and Applied Criminal Justice, 34(1): 25-51. https://doi.org/10.1080/01924036.2010.9678816

Chaulagain, N., & Khadka, D. K. (2012). Factors Influencing Job Satisfaction among Healthcare Professionals at Tilganga Eye Centre, Kathmandu, Nepal. International Journal of Scientific & Technology Research, 1(11), 32-36. http://www.ijstr.org/paper-references.php?ref=IJSTR-1212-5543

Clark, A. E. (1997). Job satisfaction and gender: Why are women so happy at work? Labour economics, 4(4), 341-372. https://doi.org/10.1016/S0927-5371(97)00010-9

Evans, J. R., & Jack, E. P. (2003). Validating key results linkages in the Baldrige Performance Excellence Model. The Quality Management Journal, 10, 7–24. https://doi.org/10.1080/10686967.2003.11919060

Falkenburg, K. and Schyns, B. (2007). Work satisfaction, organizational commitment and withdrawal behaviors, Management Research News, 30(10), 708-723. https://doi.org/10.1108/01409170710823430

Faragher, E. B., Cass, M., & Cooper, C. L. (2005). The relationship between job satisfaction and health: a meta-analysis. Occup Environ Med. 2005 Feb; 62(2):105-12. https://doi.org/10.1136/oem.2002.006734

Farooqui, M. S. & Nagendra, A. (2014). The Impact of Person organization Fit on Job Satisfaction and Performance of the Employees. Procedia Economics and Finance, 11, 122 – 129. https://doi.org/10.1016/S2212-5671(14)00182-8

Farrell, D., & Stamm, C. L. (1988). Meta-analysis of the correlates of employee absence. Human Relations, 41(3), 211-227. https://doi.org/10.1177%2F001872678804100302

Ghanayem, M., Srulovici, E., & Zlotnick, C. (2020). Occupational strain and job satisfaction: The job demand–resource moderation–mediation model in haemodialysis units. Journal of Nursing Management, 28(3), 664-672. http://dx.doi.org/10.1111/jonm.12973

Hakim, M. A. (2015). Organizational Culture and Job Satisfaction in Bank: Perceptions and Reactions of Employees. Global Disclosure of Economics and Business, 4(2), 167-180. https://doi.org/10.18034/gdeb.v4i2.145

Haque, A. B., & Ahmed, A. A. (2016). Striving for Work-Life Balance at Entry Level Jobs: Challenges to Develop Professionalism in Bangladesh. Asian Business Review, 6(2), 97-104. https://doi.org/10.18034/abr.v6i2.33

Hassan, M., Azmat, U., Sarwar, S., Adil, I. H., & Gillani, S. H. M. (2020). Impact of Job Satisfaction, Job Stress and Motivation on Job Performance: A Case from Private Universities of Karachi. Kuwait Chapter of the Arabian Journal of Business and Management Review, 9(2), 31-41. Retrieved from https://search.proquest.com/docview/2434244417?accountid=35493

Heidarian, A. R., Kelarijani, S. E. J., Jamshidi, R., & Khorshidi, M. (2015). The relationship between demographic characteristics and motivational factors in the employees of social security hospitals in Mazandaran. Caspian J Intern Med, 6(3), 170-174. https://pubmed.ncbi.nlm.nih.gov/26644886/

Herzberg, F., Mausner, B., & Snyderman, B. B. (1959). The motivation to work. John Wiley and Sons. https://trove.nla.gov.au/work/9786532

Hoboubi, N., Choobineh, A., Ghanavati F. K., Keshavarzi, S., & Hosseini, A.A. (2017). The Impact of Job Stress and Job Satisfaction on Workforce Productivity in an Iranian Petrochemical Industry. Saf Health Work; 8(1), 67-71. https://doi.org/10.1016/j.shaw.2016.07.002

Hossain, M. A., Mustafi, M. A. A., Islam, M. M., & Islam, M. R. (2017). Organizational Environment and Nurses’ Job Satisfaction: A Study on Private Hospital in Bangladesh. American Journal of Trade and Policy, 4(1), 25-32. https://doi.org/10.18034/ajtp.v4i1.413

Huda, S. S. M. S., Akhtar, N., & Akhtar, A. (2011). Employee’s View on Job Satisfaction: A Study on Garments Industry in Bangladesh. Indus Journal of Management & Social Sciences, 5(1), 1-9. https://ideas.repec.org/a/iih/journl/v5y2011i1p1-9.html

Huning, T. M., Hurt, K. J., & Frieder, R. E. (2020). The effect of servant leadership, perceived organizational support, job satisfaction and job embeddedness on turnover intentions. Evidence - Based HRM, 8(2), 177-194. http://dx.doi.org/10.1108/EBHRM-06-2019-0049

Ireri, K. (2016). High Job satisfaction despite low income: A national study of Kenyan journalists. Journalism & Mass Communication Quarterly, 93(1), 164–186. https://doi.org/10.1177%2F1077699015607334

Islam, M. R., Rasul, M. T., Ullah, G. M. W. (2012). Analysis of the Factors that Affect Job Satisfaction: A Case Study on Private Companies Employees of Bangladesh. European Journal of Business and Management, 4(4), 35-47. https://iiste.org/Journals/index.php/EJBM/article/view/1429

Islam, S. M. S. (2016). A New Method to Measure the Job Satisfaction Level of an Employee. Engineering International, 4(1), 19-24. https://doi.org/10.18034/ei.v4i1.182

James, G. (2020). Relationship between intrinsic job satisfaction, extrinsic job satisfaction, and turnover intentions in luxury hotels (Order No. 27739368). Available from ProQuest Dissertations & Theses Global. (2378077937). Retrieved from https://search.proquest.com/docview/2378077937?accountid=35493

Khan, S. S. (2015). Measuring Job Satisfaction Level of Employees using Demographics: A Study of HDFC Bank. Global Journal of Management and Business Research: An Administration and Management, 15(2), 38-48. https://globaljournals.org/GJMBR_Volume15/6-Measuring-Job-Satisfaction.pdf

Kumar, D. (2016). Job Satisfaction of Commercial Bank Employees in Bangladesh: An Empirical Study. ABC Journal of Advanced Research, 5(2), 61-70. https://doi.org/10.18034/abcjar.v5i2.59

Molla, M. I. H. (2015). Ensuring Job Satisfaction for Managing People at Work. Global Disclosure of Economics and Business, 4(2), 155-166. https://doi.org/10.18034/gdeb.v4i2.144

Moortezagholli, Z. (2020). Understanding the job satisfaction and retention of lived experiences of millennial healthcare leaders and their perspectives about job satisfaction and retention (Order No. 27956279). Available from ProQuest Dissertations & Theses Global. (2404053999). Retrieved from https://search.proquest.com/docview/2404053999?accountid=35493

Park, J., Ahn, J., Han, S., Back, K., & An, M. (2020). Exploring internal benefits of medical tourism facilitators' satisfaction: Customer orientation, job satisfaction, and work performance. Journal of Healthcare Management / American College of Healthcare Executives, 65(2), 90-105. http://dx.doi.org/10.1097/JHM-D-18-00168

Popoola, S. O. (2009). Organizational commitment of records management personnel in Nigerian private universities, Records Management Journal, 19(3): 204 – 217. https://dx.doi.org/10.1108/09565690910999193

Rahman, M., Ashraf, A., Hasan, N., Hoshen, S., Chowdhury, R. H. K., & Moni, M. (2017). Job Satisfaction Levels among Employees of Private Commercial Banks at Chuadanga District in Bangladesh. J Bus Fin Aff, 6(2), 1-8. https://doi.org/10.4172/2167-0234.1000256

Rahman, S. M. (2020). Relationship between Job Satisfaction and Turnover Intention: Evidence from Bangladesh. Asian Business Review, 10(2), 99-108. https://doi.org/10.18034/abr.v10i2.470

Shaikh, S.H., Shaikh, H., & Shaikh, S. (2019). The Impact of Job Satisfaction and Job Dissatisfaction on Herzberg Theory: A Case Study of Meezan Bank Limited and National Bank Limited. International Journal of Business and Social Science. 10(6), 143-147. https://doi.org/10.30845/ijbss.v10n6p16

Talukder, S., Talukder, F. H., & Alam, J. (2014). Job Dissatisfaction and Turnover: Bangladesh Perspective. European Journal of Business and Management, 6(17), 117-125. https://www.iiste.org/Journals/index.php/EJBM/article/view/13576

Vickovic, S. G., & Morrow, W. J. (2020). Examining the influence of Work–Family conflict on job stress, job satisfaction, and organizational commitment among correctional officers. Criminal Justice Review, 45(1), 5-25. http://dx.doi.org/10.1177/0734016819863099

Weerasinghe, I.M.S., Senavirathna, C.J. & Dedunu, H.H. (2017). Factors Affecting to Job Satisfaction of Banking Employees in Sri Lanka Special Reference Public and Private Banks in Anuradhapura District. Business and Management Horizons, 5(1), 62-73. https://ssrn.com/abstract=2978608

Yamane, T. (1967) Statistics an Introductory Analysis. 2nd Edition, New York, Harper and Row. https://www.gbv.de/dms/zbw/252560191.pdf

--0--

Downloads

Published

2020-09-23

How to Cite

Hasan, M. N. ., Afrin, S. ., Rahman, M. ., & Ahmed, A. A. A. . (2020). Assessing the Nature of Job Satisfaction Level: A Study on Private Bank Employees in Bangladesh. Global Disclosure of Economics and Business, 9(2), 67-88. https://doi.org/10.18034/gdeb.v9i2.511

Similar Articles

11-20 of 128

You may also start an advanced similarity search for this article.