A REVIEW OF EMPLOYEES’ JOB SATISFACTION AND ITS AFFECT ON THEIR RETENTION

Ikechukwu Emmanuel Irabor and Ugo Chuks Okolie
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Ikechukwu Emmanuel Irabor: Agho Clinic, Benin City, Edo State, Postal: Nigeria
Ugo Chuks Okolie: Chartered Institute of Personnel Management of Nigeria Edo State Study Centre, Postal: Benin

Annals of Spiru Haret University, Economic Series, 2019, vol. 19, issue 2, 93-114

Abstract: Learning about factors that influence staff retention and ways of improving it can help organizations avoid the inconvenience of high attrition. The employee’s job satisfaction and retention are the main factors for the success and survival of any firm. No one can measure the level of satisfaction an individual gets while he performs his work. But there are factors which directly or indirectly affect the satisfaction level of employees at workplace. Companies that build work environments that attract, motivate, and retain talented employees will be better positioned to succeed in today’s competitive business world that demands quality and cost-efficiency. The main challenges that organizations are facing today is not only managing its human resources but also satisfying and retaining them. Securing and retaining skilled workforce play an important role for any organization, because the knowledge and skills of employees have become highly essential in gaining competitive advantage in today’s business environment. Thus, the objective of this paper was to: examine the factors which affect the job satisfaction of employees. Determine the affect of job satisfaction on employees’ retention and suggest recommendations on possible ways to improve employees’ retention.

Keywords: job satisfaction; employee retention; impact; turnover; human resource management (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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