Essay On The Importance Of Employee Satisfaction

Employee satisfaction is the degree to which an employee likes or dislikes his job. Although there is a general attitude in the workplace and the organisation, a number of facets or dimensions influence an employee including working conditions, supervision, the nature of work, co-workers, pay and benefits and other factors. Employers monitor the job satisfaction of employees through a variety of instruments such as surveys of employee satisfaction to measure employee attitudes and identify ways to improve morale and job satisfaction (Yee, et.al, 2008, 651). The objectives of these efforts of organisational behaviour and improved employee retention are desired. Employee turnover is reduced by ensuring proper employee satisfaction. Employee satisfaction is a multifaceted concept which reflects the

• To learn the different ways that Riverside Housing adopts for ensuring maximum employee satisfaction.

Significance of the Research
Employee satisfaction depends on whether the company meets the needs of the employee and how it motivates him. The most common consequence of satisfaction with working conditions, management policies and relationships with colleagues is employee loyalty to the company as a whole. To understand the importance of job satisfaction, employers should take into account economic factors (Lapierre, et.al, 2008, 98). The cost of losing or replacing a single employee can be huge. Some of the expenses related to the replacement of an employee include the publication of a notice for replacement, the decline in productivity that occurs when an experienced employee leaves and declining productivity that occurs while the new employee is trained. If there is job satisfaction, there will be fewer turnovers of employees and such expenses will