In the modern era of business, where dynamics
have changed in so many ways, the need for more capable and satisfied human
resource is increasing. The businesses may have great ideas, but they cannot be
executed without skilled, efficient, satisfied and committed human resources.
But the issue in hand for business organizations is that how they can retain
employees and get best out of them. The answer for this question lies in the
aspects of job satisfaction, which are associated with a job. The research has
looked at job satisfaction and employees performance in so many ways, as they
are certainly closely related to each other. The job satisfaction plays a
crucial role in enhancing the level of performance of employees (Mafini & Pooe, 2012)
It was mentioned earlier that new era of
business with changing competitive landscape is throwing various challenges for
businesses. So, there is nothing different for the banking sector as well. In
recent global business era, the retail banks have to deal with so many
challenges like facing threats from even institutions, which are not related to
banking sector. It is true that new business dynamics are also coming with so
many opportunities for banks, but they are also facing various competitive
challenges, and one of these major challenges is managing their employees
effectively so that they remain committed and loyal to the organizations, and
use their utmost skills and capabilities to achieve organizational aims and
objectives.
Question
No1
Research objectives Employees satisfaction in banking
Sector: A Case of Bank Muscat, Oman
The primary objective of this paper is to
investigate the issue of job satisfaction that how it plays its role in
employees performance in banking sector of Oman.
To critically evaluate current literature
on employee satisfaction with a particular focus on the banking sector.
To critically assess major factors that
can possibly influence the level of job satisfaction among banking employees.
To investigate the present strategies
within practices of employs motivation among the banking sector with the
Sultanate of Oman.
To recommend motivational factors that
will influence employee satisfaction leading to competitive advantage in Bank
Muscat.
Question
No2
Research questions Employees satisfaction in banking
Sector: A Case of Bank Muscat, Oman
There
are the several research questions that will be answers in this study and all
of these questions are;
What are
the major issue of job satisfaction that are playing its role in employee’s
performance in banking sector of Oman?
What are the major factors that can
possibly influence the level of job satisfaction among banking employees?
How the present strategies will
investigated within practices of employs motivation among the banking sector
with the Sultanate of Oman?
What are the major motivational factors
that will influence employee satisfaction leading to competitive advantage in
Bank Muscat?
Question
No3
Research significance Employees satisfaction in banking
Sector: A Case of Bank Muscat, Oman
This study will be beneficial for the banking
sector of Oman as a whole as it would give a clear picture about the condition
of work environment in Oman banks that what attributes are more prevailing for
job satisfaction of employees, and which banks are leading the way with great
work environment. The study will also allow Oman’s bank sector to get insight
on good procedures to follow, which positively impact the job performance as
well as job satisfaction of employees. Moreover, individual employees will also
get insight that which banks are more suitable to work than the others. The
study will also be important one for overall research sphere revolving around
the topic of job satisfaction and employees performance.
Research justification/gap Employees
satisfaction in banking Sector: A Case of Bank Muscat, Oman
There are the several research study that are
conducted to measure satisfaction levels of the employees in various organization
but there is lack of research study for the job satisfaction of the employees
of Oman particularly who are working in banking sectors of Oman. The banking
sector is having various opportunities but few challenges at the same time. The
major problem for banks is to keep their employees satisfied from their jobs as
their job satisfaction can impact their performance. So, it is imperative for
banks in Oman to know that what impact is made by job satisfaction on
employees’ performance, and if this impact is positive then what attributes
were associated with it, and if job satisfaction is not impacting employees
performance in a positive manner, then what reasons are behind that.
Question
No4
Literature review Employees satisfaction
in banking Sector: A Case of Bank Muscat, Oman
There
are the several research studies that are conducted on this particular topic.
Few of these are mentioned below along with its authors.
Authors
|
Concepts
for job satisfaction
|
(K. R. Sowmya, 2011)
|
In any
given workplace, job satisfaction remains to be the most important factor
related to employees and their job performance. This relation is certainly
not a simple one to understand, but it has many aspects to look at. Different
theories related to job satisfaction and employees’ performance will be
reviewed. One of these theories is Hierarchy of needs. This theory was
developed by Maslow and it actually examines factors, which play their part
in job satisfaction. This theory has suggested a hierarchy with five levels
to depict hierarchy of needs. The other important theory to be reviewed in
this research is Job Characteristics Model. The primary focus of this theory
is to look at motivational job characteristics, which are encouraged by the
work environment. This theory has identified five major job characteristics
to talk about
|
(Inuwa, 2015)
|
The
research of Inuwa, (2015) looked at the
association of job satisfaction for the employees of banking sectors that
what factors are more crucial than the others. A research study was conducted
in 2015, which tried to observe the influence of job satisfaction on employee’s
performance. The research data was collected by reviewing the literature. The
previous theoretical as well as empirical research studies were observed by
the research to understand that what relationship of job satisfaction and
performance of employees. After analyzing the literature, the researcher
concluded that there is a positive relation between performance of employees
and their job satisfaction. It means that these factors do play their part in
better performance of employees
|
(Jalagat, 2017)
|
One of the important factors,
which can play its part in job satisfaction is that how much job stress is
being carried by employees in a given work environment. A study was conducted
to understand that what kind of jobs stress variables play their part in affecting
employee performance. The study was also looking to find a relationship
between employee performance and job stress. The study was conducted in
Oman’s Petroleum Development. The study found out that work overload as well
as skills’ underutilization is dominating variables in increasing job stress.
So, company should turn its focus to develop the skills of employees so that
job stress elements can be mitigated
|
(Aarti, et al., 2013)
|
It is
often staid that productive employees are the ones, who are happy and
satisfied from their job. It means that employee performance and productivity
is certainly impact by the level of job satisfaction. This study contribute
to job satisfaction of employees. Some of these factors included working
hours, work load, training & development programs, system of performance
appraisal as well as salary of the employees. It means that if these factors
will dominate in an organization, then there are more chances of increased
job satisfaction of employees
|
(Ahmed Imran Hunjra, 2010)
|
One of
the most important factors for job satisfaction is the structure of the
banks. It can be seen that in some of the banks that are located in Oman from
where the data will collected from research. Their organizational structure is perfect and also ideal in the private
sectors. But it can be seen that in public sector banks the organizational
structure is not too much suitable for the employees. If the organizational
structure is good so there will be a positive
impact on job satisfaction can be seen
on the employee’s performance. Some employees that are working in the banks
at a lower level they are provided with
few vacations as compared to those
employees that are working at a higher
level in the banks. Due to this reason,
the job satisfaction of the lower level employees will be decreased.
|
Question
No5
Discussions on Employees satisfaction
in banking Sector: A Case of Bank Muscat, Oman
The study will be presented in the banking sector of Oman; the performance of the employees will be
decreased when they are not satisfied with their job. , it is imperative for
banks in Oman to know that what impact is made by job satisfaction on
employees’ performance, and if this impact is positive then what attributes
were associated with it, and if job satisfaction is not impacting employees
performance in a positive manner, then what reasons are behind that. All of
these reasons have been discussed in
detail in next chapter of study. In any workplace,
it can be seen that job satisfaction is one of the most important factors for the employee that will affect their
performance in a great amount. There are
many factors involved in affecting the
performance of the employees so due to this their job satisfaction is decreased.
Then after this, there is a comprehensive
literature review is presented on the job satisfaction of the employees that
are working in banks. There is a totally
different situation in the banks that are located in Oman. The main reason is
that it is an underdeveloped country and
in that country mostly the employees are not satisfied with their job
especially when they are working in banks.
References Employees satisfaction in banking Sector: A Case of Bank
Muscat, Oman
Aarti, C., Chahal, S., Chowdhary, B. & Chahal, J.,
2013. ob Satisfaction Among Bank Employees: An Analysis Of The Contributing
Variables Towards Job Satisfaction. International Journal of Scientific
& Technology Research, 2(8), pp. 11-20.
Ahmed Imran Hunjra, M. I. C. S. A., 2010. Factors effecting job
satisfaction of employees in Pakistani banking sector. African Journal of
Business Management, 4(10), pp. 2157-2163.
Inuwa, M., 2015. The Impact of Job Satisfaction, Job Attitude and Equity
on Employee Performance. The International Journal Of Business &
Management, 3(5), pp. 288-293.
Jalagat, R., 2017. Determinants of Job Stress and Its Relationship on
Employee Job Performance. American Journal of Management Science and
Engineering, 2(1), pp. 1-10.
K. R. Sowmya, N. P., 2011. Factors influencing job satisfaction of banking
sector. Journal of Law and Conflict Resolution, 3(5), pp. 76-79.
Mafini, C. & Pooe, D., 2012. The relationship between employee
satisfaction and organisational performance: Evidence from a South African
government department. SA Journal of Industrial Psychology, 39(1).