TABLE OF CONTENTS TOPIC: “To understand the impact of employees’ satisfaction on business development.”..........1 INTRODUCTION...........................................................................................................................1 Background.................................................................................................................................1 Aim and research objectives.......................................................................................................1 LITERATURE REVIEW................................................................................................................1 RESEARCH METHODOLOGY.....................................................................................................3 LIMITATIONS AND RECOMMENDATION...............................................................................4 SCHEDULE OF WORK.................................................................................................................5 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................8
TOPIC:“To understand the impact of employees’ satisfaction on business development.” INTRODUCTION Background Business tends to operate in a dynamic business environment which is mainly full of various challenges. Employee satisfaction helps employees in determining how fulfilling and satisfied employees are which in turn helps in fulfilling the desire and need for work (Sharma, Kong and Kingshott, 2016). Satisfied employees tend to focus on developing business which in turn helps in improving the performance and productivity of the business. Aim and research objectives Aim “To understand the impact of employees’ satisfaction on business development.” Researchobjectives To study the attitudes of the employees towards their work environment. To identify factors that motivates the employees. To understand the relationship between employee, job satisfaction and performance of the entity. Research questions How is the attitude of the employees towards their work environment? What are the factors that motivates the employees ? What is the relationship between employee, job satisfaction and performance of the entity? LITERATURE REVIEW To study the attitudes of the employees towards their work environment. Sharma, Kong and Kingshott, (2016)sought to establish the fact that, work attitude is considered to be as a feeling employee have towards particular business environment. Attitude of 1
the employees tends to prevail workplace environment which is mainly associated with the morale of the employees, team building capabilities and productivity.Leder, and et.al., (2016) argued that, negative attitude of employees at workplace adversely affect the interaction and relationship with others at the workplace.Negative attitude of employees at workplace tends to lower the overall morale of the employees which in turn leads to lower productivity. Khavis and Krishnan, (2017)said that, attitude of the employees is positively linked with the various motivation factors like personal growth, recognition, appreciation, promotion and advancement. This encourage employees to perform higher level of work and it also tends to provide higher psychological satisfaction to the employees of the organization.Leder, and et.al., (2016)evaluated that, forcing positive work behaviour, better interaction with employees, enthusiastic employees, finding innovative ideas, helpfulness, etc. helps in creating prospective employeeswhichleadstohigheroperationalgoals.Highlysatisfiedemployeeshelpsin influencing the work productivity which leads to better results and attainment of higher goals. To identify factors that motivates the employees. Alegre, Mas-Machuca and Berbegal-Mirabent, (2016)sought to establish the fact that, motivation is considered to be as the experience of the individual which helps in stimulating employees in the organization to accomplish set desired goals. There are several factors which in turn helps in motivating employees to perform certain set of activities. Motivational factors are mainly linked with job security, appreciation, good wages, recognition, loyalty, interesting work, positive work environment, good wages, understanding attitude, career advancement, high degree of opportunities, non- monetary incentives, responsibility, personal growth, flexibility, teamwork, etc.Jacobs, Yu, and Chavez, (2016)argued that, there are several factors which in turn affects the motivation of employees this mainly includes unethical work culture, over time, unrealistic workload, lack of appreciation, lack of flexibility, no opportunities to develop, poor leadership, conflict of interest, etc. leads to lower productivity of employees to perform work. Sharma,KongandKingshott,(2016)evaluatedthat,demotivatedemployeesat workplace results in apathetic attitude, decrease in productivity, higher absenteeism, constant stress, ineffective quality of work, high level of conflicts with employers and employees, etc. On the contrary,Leder, and et.al., (2016)said that, highly motivated employees at the workplace 2
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results in higher organizational results and output, higher productivity, better solution to the problem, customer centricity, high degree of innovation, increase rate in employee retention, high profitability, etc. To understand the relationship between employee, job satisfaction and performance of the entity. Jacobs, Yu, and Chavez, (2016)sought to establish the fact that, the overall performance of the organization is the summation of employee, job satisfaction and performance of the entity. These factors tend to have positive correlation which leads to highly motivated and satisfied employees.Khavis and Krishnan, (2017)said that, employees efforts is considered to be as an effective measure which helps in determining individual performance. If employee in the organization feels satisfied then it tends to increase the performance and productivity of the company. Job satisfaction and productivity of the company is highly interlinked as highly satisfiedemployeesfocusesonperforminghighdegreeofworkwhichleadstobetter productivity. Job satisfaction at work tends to improve the performance of employee at work which in turn results in better performance and productivity of the business. On the contrary Alegre, Mas-Machuca and Berbegal-Mirabent, (2016)argued that, low job satisfaction at workplace tends to result in high employee turnover rate which in turn eventually affects the performanceandproductivityofthebusiness.Leder,andet.al.,(2016)evaluatedthat, organization who have highly satisfied and prospective employees tends to be productive and effective than the organization who have dissatisfied employees. RESEARCH METHODOLOGY Research methods:This methodology is useful in gaining broader insight on the research study by pinning out necessary information which leads to higher operational growth (Bresler andStake,2017).Thisisfurtherdistinguishedasqualitativeandquantitativeresearch methodology. Qualitative research method helps in attaining logical answers on the subject matter without any numerical analysis. The researcher of the study will choose quantitative research method in order tounderstand the impact of employees’ satisfaction on business development. Research approach:This is a planned procedure which is used for formal deduction of the set assumptions (Mackey and Gass, 2015).This is further distinguished as deductive and 3
inductive approach. Inductive approach is useful to collect relevant study on the interest of study in order to gain bird's eye view and reach specific conclusion on the subject matter. The researcher of the study will choose inductive approach in order to study the attitudes of the employees towards their work environment. Research design:It is considered to be a set procedure which helps in effectively analysing the several variables of the research and helps in identifying research problem (Bresler and Stake, 2017).This is further distinguished as exploratory and descriptive research design. Descriptive method helps in gaining in- depth knowledge on the subject matter. The researcher of the study will choose for descriptive research design in order to identify factors that motivates the employees. Data collection:This method helps in collecting relevant and viable data to attain valid conclusion on research subject matter (Mackey and Gass, 2015). This is further distinguished as primary and secondary source of data collection.Primary data helps in gather new and fresh source of information. On the contrary, secondary data is information which is already collected by the researcher and helps in better investigation in future. The researcher of the study will choose both primary and secondary source of data collection in order to understand the relationship between employee, job satisfaction and performance of the entity. Sampling:This method helps in collecting appropriate sample size for further carrying out the study (Kumar, 2019). This is further distinguished as probabilistic and non- probabilistic sample method.Probabilistic random sampling method helps in selecting individuals randomly from large population where each has equal chance of getting selected. Sample size:The researcher of the study will choose random sampling where 25 employees from various different level in the organization will be selected in order tounderstand the impact of employees satisfaction on business development. 4
Data analysis:This is an effective method which helps in cleansing, interpreting and transforming data collected to gain better insights on the subject matter (Kumar, 2019). It is further distinguished as SPSS tool and thematic analysis. The researcher of the study will choose thematic analysis which helps in identifying common themes and exploring the subject matter in- depth (H o wt oU s eT h e m a t i c A n a l y s i s ,2 0 1 9). LIMITATIONS AND RECOMMENDATION The major limitation faced by the researcher was time constraints which made it difficult to carry out study within the stipulated time. The researcher of the study will prepare time frame which helps in carrying out study within stipulated time. Another major limitation faced by the researcher is financial constraints and lack of valid information. The researcher of the study will focus on maintaining finances of the company and will collect all the information from valid sources and cite the information in order to provide true and reliable information. From the above study it has been recommended that, organization must maintain positive environment which ;leads to highly satisfied employees and higher productivity. SCHEDULE OF WORK PA RTI CU LA RS WE EK 1 WE EK 2 WE EK 3 WE EK 4 WE EK 5 WE EK 6 WE EK 7 WE EK 8 WE EK 9 WE EK 10 WE EK 11 WE EK 12 WE EK 13 WE EK 14 WE EK 15 Sele ctio nof rese arch topi c For mul 5
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atio nof aim and obje ctive s Iden tifyi ng rese arch ques tions and prob lems Liter atur e revi ew Carr ying out rese arch met hod olog 6
y Iden tifyi ng limit atio ns whil e carr ying out stud y Rec om men dati on and conc lusio n Refl ectio n Fina l sub miss 7
ion. CONCLUSION From the above study it has been summarized that, highly satisfied employees helps in influencing the work productivity and accomplish set desired goals. This study helps in determiningthatthereisapositivecorrelationbetweenemployee,jobsatisfactionand performance of the entity. 8
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REFERENCES Books and Journals Alegre, I., Mas-Machuca, M. and Berbegal-Mirabent, J., 2016. Antecedents of employee job satisfaction: Do they matter?.Journal of Business Research.69(4). pp.1390-1395. Bresler, L. and Stake, R.E., 2017. Qualitativeresearch methodology in music education. InCritical Essays in Music Education(pp. 113-128). Routledge. Jacobs, M.A., Yu, W. and Chavez, R., 2016. The effect of internal communication and employee satisfactiononsupplychainintegration.InternationalJournalofProduction Economics.171.pp.60-70. Khavis, J. and Krishnan, J., 2017. Employee satisfaction in accounting firms, work-life balance, turnover, and audit quality.Work-Life Balance, Turnover, and Audit Quality (December 21, 2017). Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. Leder, S and et.al., 2016. Effects of office environment on employee satisfaction: A new analysis.Building research & information.44(1). pp.34-50. Mackey,A.andGass,S.M.,2015.Secondlanguageresearch:Methodologyanddesign. Routledge. Sharma, P., Kong, T.T.C. and Kingshott, R.P., 2016. Internal service quality as a driver of employee satisfaction, commitment and performance: Exploring the focal role of employee well-being.Journal of service management.27(5). pp.773-797. Online H o wt oU s eT h e m a t i cA n a l y s i s.2 0 1 9 .[ONLINE].Available through:<https://sites.google.com/site/howtousethematicanalysis/home/what-is-thematic- analysis> 9