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Can salary be major factor for employee Satisfaction?

This is a discussion on Can salary be major factor for employee Satisfaction? within the HOT Debates - The Big Fight forums, part of the Management Students Voices ( MBA,BMS,MMS,BMM,BBA) category; Yes, salary would be a major factor. This is because it quantifies what the individual is worth to the firm ...

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Re: Can salary be major factor for employee Satisfaction?
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gumball
 
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Re: Can salary be major factor for employee Satisfaction? - September 12th, 2008

Yes, salary would be a major factor. This is because it quantifies what the individual is worth to the firm and forms a basis for comparison
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Re: Can salary be major factor for employee Satisfaction?
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sashankabijeet
 
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Re: Can salary be major factor for employee Satisfaction? - September 13th, 2008

it depends, if ur survey if for lower level employee then yes because that is the most important aspect for them but the moment u climb the ladder it start to negate.
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dheerajmah
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Re: Can salary be major factor for employee Satisfaction? - September 13th, 2008

i think it plays a mojor role. however its not the only option considered while taking in thought about employee Satisfaction............
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debassa
 
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Re: Can salary be major factor for employee Satisfaction? - September 13th, 2008

Yes I think its the most imp factor in any kind of job
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raj_1886
 
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Post Re: Can salary be major factor for employee Satisfaction? - September 13th, 2008

i think besides salary the work environment also do a lot..
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raj_1886
 
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Re: Can salary be major factor for employee Satisfaction? - September 13th, 2008

even we can say that the band for which u r earning also do the same
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pahuja.chirag
 
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Re: Can salary be major factor for employee Satisfaction? - September 14th, 2008

yes, salary is one of the major factors in employee satisfaction......
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annu.nirmal
 
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Re: Can salary be major factor for employee Satisfaction? - October 3rd, 2008

Hi,
I think salary is a major concern during the early stages of a person's career life and as he moves up the hierarchy,its priority decreases and job satisfaction and development takes its place...
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Jonna
 
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Re: Can salary be major factor for employee Satisfaction? - October 3rd, 2008

well...........now dis again is a subjective topic


few prefer hike in salary whr as few prefer designation ^_^

if salary was evrything den management wudnt hv come wid sumthing called as 'dry promotion'

besides salary n designation.....wrk environment also plays a vital role ^_^



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^_^ jonna^_^
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Re: Can salary be major factor for employee Satisfaction?
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Nomi
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Thumbs down Re: Can salary be major factor for employee Satisfaction? - October 6th, 2008

Quote:
Originally Posted by pappu_pager View Post
Money is the most important factor for almost anyone. Other than that you have your working conditions, environment and your relationship with people working in your company. Whether your hard work is appreciated. There are also many other factors which affect an employee satisfaction.
Wrong.

For example: "In largest survey of its kind, nurses say they enjoy interactions with peers the most, pay the least - " Survey of 76,000 Nurses Probes Elements of Job Satisfaction, USA

Or look at:

CREATING JOB SATISFACTION

So, how is job satisfaction created? What are the elements of a job that create job satisfaction? Organizations can help to create job satisfaction by putting systems in place that will ensure that workers are challenged and then rewarded for being successful. Organizations that aspire to creating a work environment that enhances job satisfaction need to incorporate the following:
  • Flexible work arrangements, possibly including telecommuting
  • Training and other professional growth opportunities
  • Interesting work that offers variety and challenge and allows the worker opportunities to "put his or her signature" on the finished product
  • Opportunities to use one's talents and to be creative
  • Opportunities to take responsibility and direct one's own work
  • A stable, secure work environment that includes job security/continuity
  • An environment in which workers are supported by an accessible supervisor who provides timely feedback as well as congenial team members
  • Flexible benefits, such as child-care and exercise facilities
  • Up-to-date technology
  • Competitive salary and opportunities for promotion
Job Satisfaction: Encyclopedia of Business and Finance

In fact I have never seen it ranked higher than 5 on a scale of 1 to 10.

Nomi
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