Job Satisfaction Of Employees In Public And Private Sector Organizations

Research Article
Prabhleen Kaur
DOI: 
http://dx.doi.org/10.24327/ijrsr.2019.1001.3103
Subject: 
science
KeyWords: 
Job satisfaction, Public organization, private organization, feedback and incentives.
Abstract: 

Human resource is considered to be the most valuable asset in any organizations. It is the sum total of inherent abilities, acquired knowledge and skills represented by the talents and aptitudes of the employed persons who comprise executives, supervisors and the rank and file employees. It may be noted here that the human resource should be utilized to the maximum possible extent, in order to achieve individual and organizational goals. Job satisfaction describes how content an individual is with his or her job. The happier people are within their job, the more satisfied they are said to be. This paper surveys both the sectors in most of the aspects of analysis. The paper compares job satisfaction of employees of private and public sector companies situated in Bhopal. Bharat Sanchar Nigam Limited was selected to represent the public and government owned company. Manappuram Finance limited was selected to represent the private sector company. Sixty employees from each of these two companies represented the sample study. A structured questionnaire was used to collect the data. The questionnaire solicited the perception of the respondents of the two organizations on various elements of job satisfaction. The study found that the employees of the private sector company were significantly more satisfied with HR policies, comment and feedback and incentives. The employees working in public sector organizations were comparatively more satisfied with the working conditions, job security and fairness. The study also aimed at collecting manager’s perception for performance consistency, and provided a comprehensive diagnosis of job satisfaction indices of the two organizations, the factors causing the dissatisfaction and suggestions to improve them.