Job satisfaction and productivity
Photo: STAR
Employees are more productive when they are satisfied and salary is the most important thing to most employees. But it will be a mistake to presume that higher salary alone will create higher job satisfaction and increase productivity. A complex set of financial and non-financial benefits along with many work-related factors determine the level of satisfaction and loyalty. If the employees are not motivated to serve the clients with the best products or service, the company can't grow or survive in this competitive world. In Japanese management system, companies offer benefit packages to earn lifetime commitment and often employees work for the same company for generations. Employees serve the companies and in return get various economic and non-economic benefits. Salary and other financial benefits are important determinants of employee satisfaction. Besides financial benefits, status, position and recognition are important. Bangladeshi companies should also consider this.
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