Exploring job satisfaction factors and their impact: A principal component analysis approach
Main Article Content
Abstract
Introduction: Job satisfaction or employee satisfaction is a measure of knowing how happy workers are with their job as well as working environment. It is certain that there are many factors affecting organizational effectiveness & performance; and one of them is employee satisfaction.
Objectives: The main aim of the paper is to find out various factors which affect job satisfaction of employees. Along with this, paper is also aiming to find out the influence of various demographic factors of employees on their job satisfaction.
Methods: The primary as well as secondary data have been used to attain the objectives of this paper. Data collected from various sources have been analysed with the help of computer software “Statistical Package for Social Sciences (SPSS)” and other statistical tools like Factor analysis, t-test and ANOVA. The technique used for extracting factors is called factor analysis and the extraction method is principal component analysis.
Results: The study highlighted key factors that impact employee job satisfaction, such as promotion and career development, pay and compensation, management policies, relationships with supervisors and peers, and the working environment and conditions.
In addition, study also revealed that variations in age, gender, educational qualifications, and marital status do not significantly influence employees' job satisfaction.
Conclusions: This study demonstrates the importance of focusing on job-related elements to improve overall satisfaction in the workplace. Specifically, employees' perceptions of career growth opportunities, fair compensation, supportive management practices, positive interpersonal relationships at work, and a healthy working environment all contribute to their job satisfaction levels. For practitioners and organizational leaders, the study provides valuable insights into where to focus efforts in improving employee satisfaction. By addressing the identified factors, organizations can foster a more engaged, motivated, and satisfied workforce.