Employee Satisfaction Leveraging Employee Relations and Overall Job Satisfaction

Abstract

There are national public and private steel industries in India which contribute substantially to the growth of its economy. The growth and development of any economy depends up on its volume of successful manufacturing industries. This study has tried to investigate the extent of employees' satisfaction in their organization. It also intended to know the relative importance of employees' satisfaction factors and their impacts on the overall job satisfaction of employees. There is a sea change in the HR interventions of the companies, the nature of business operation, the work culture, benefits and compensation, recognition, attitude of trade unions which adds value to employees' satisfaction in this competitive age. The study covered few branches of Indian Public sector steel industries like RSP, BSP, NINL and few Private sectors like Tata Steel, Tata Refractory Ltd., Adhunik Steel And Sree Metaliks ltd. There were 248 samples selected in this study through purposive sampling. The study reveals that employees' satisfaction depends mostly on working environment, salary and compensation, employee relations, benefits and services, retirement and post retrial benefits, organizational climate and of the organizations. But they seek better housing facility to all, educational justifies, promotions, fairness, lower disparity among executives and non-executives pay and benefits.

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