Determinants of Job Satisfaction and their Impact on Employee Commitment: A Study of Foreign Joint Venture Banks in Nepal
Date
2021
Authors
Journal Title
Journal ISSN
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Publisher
Faculty of Management
Abstract
The study has been carried out to identify determinants of job satisfaction and their impact on
employee commitment in foreign joint venture commercial banks in Nepal with the aim to
examine the status of determinants of job satisfaction of employees and to assess the
employee commitment in foreign joint venture banks in Nepal. This research is basically
exploratory in nature which was undertaken by following descriptive and survey research
design. Questionnaires were administered to the employees in both foreign joint venture
banks and the respondents were asked to give their opinion about their job and the prevailing
situation of HR practices in the organization.
Before the computation of descriptive results, internal consistencies of the construct variables
were tested by using Cronbach‟s Alpha. Alpha values of all the constructs were found to be
higher than 0.7, which is the evidence for the sufficient consistency. The aim of this research
was to primarily determine the determinants of job satisfaction and their impact on employee
commitment among the employees of banking sector. The results emanating from the research
indicate there is a statistically significant relationship between determinants of job satisfaction
and employee commitment among the sample of employees selected to participate in the
research.
The results from the current research indicate that there is a strong, positive correlation
between employee commitment and job satisfaction among the employees from banking
sector. The levels of job satisfaction and employee commitment are, however, a cause for
concern. Given the close link between employee commitment and job satisfaction, it is
possible that many employees are possibly staying in the profession due to limited
alternatives. Most of the employees were dissatisfied from freedom and authority in both
organizations. So, they must include them in decision making as well as use liberal policy for
higher job satisfaction. Similarly, they were also dissatisfied in job security, supervision and
interpersonal relation in organization. So, organization should provide qualitative supervision,
opportunity for high job security and effective supervision and sound work environment so
that the employees are satisfied with their job and are committed towards the organization.
Description
Keywords
Job satisfaction, Employee commitment, Foreign joint venture banks