Talent management is a strong tool to face the competition among the organization

What is talent management?

Talent management is the function within an organization that focuses on Systematic attraction, identification, development, engagement, retention and deployment of high performing people whose skills best align with the needs and objectives of the company.

There may be much peoples in the organization who have high skills with talent when they perform in the company. It must be identified their individuals performance to deploy for the betterment of the organization.

It is shown several rational definitions about the talent management as below

Stephenson & Pandit (2008) and several other researchers advised that having the right number of people at the right place at the right time with the right skill sets and levels of motivation are fundamental to talent management. Others believe that talent management embraces entirely the activities of an organization among which are attracting, developing, selecting and retaining the best workforce in the suitable position (Stahl et al., 2007).

CIPD defines talent management as the organized attraction, deployment, development and retention of high potential employees who are considered as a certain value for the organization (CIPD, 2009).   

Talent management is involved with all the Human Resource Management (HRM) processes with an exact emphasis on the attraction, development and retention of talents (Lewis and Heckman, 2006). In another expression, it can be said that talent management encompasses almost all the elements of human resource management (Stewart. & Harte, 2010).

As above mentioned, talented and more skills peoples are more important to retain in the company and they should be taken a maximum services while working times. Talent management is a HR function and it is implemented by the human resources manager. There is a big role and responsibility of the HR manager to identify that who are the high performing employee in the organization. And also, identified people who should be attracted in the company and further their skills and talent should be developed as a fully HR process. When individual develop on their performance they should be motivated by best salary increment, promotions, and other privileges.

Then after the organization has to make the retention plan such high performing people for long period within the organization. Because of the competitive organizations are looking forward to catch them with high offers.

  

Benefits of Talent Management

There are more benefits of talent management and when it is doing in any organizations which can be built a sustainable competitive advantage and outperform their competition through an integrated system of talent management. Benefits are as below;

1.    Right Person in the right position

Through the talent management process, the organization can find the high skills & high performing people to deploy in the right position as suitable to them. If the company is going towards sustainable develop among the other competitive companies, talent management will be most important practice for it. Because, through a proper ascertainment of people skills and strengths, can be identified peoples have strength, strategies, strong and accurate decision of the people. Then after, they can be used for company’s betterment who sat on the right positions. Finally employee productivity and satisfaction will be increased.

2.    Employee’s retention will be increased

The organization has been working with other competitors and it is really difficult to retain the high skill & performing people in the organization. Because of competitors are giving the more attention to angle the performing people form the organization. Through the talent management program, they are appreciated, and motivated to retain further in the organization. Finally, employee’s retention will be increased.

3.    Can be understood about the employee better

Actually, the organization should know about the employee to take decisions further company’s betterment. Whatever, ultimately the process is being done by human resource and the company has to focus at people development needs, their strength and weakness, abilities, career aspirations, employee’s likes & dislikes. Through the talent management program, can be determined about above mentioned areas of the people as well by the organization.  

4.    Increase Employee and Manager Engagement

As above mentioned, through the talent management program will increase employee’s satisfaction. So that, the people who has good understandability about company’s goals & objective then, they work with fully engagement through talent management program. It will be encouraged them invest in the organization and align their daily work with the business goals while also focusing on their personal goals.

5.    Strategic Hiring Process

Through the talent management program, the company identify that need skills & talent of the people to achieve the goal & objective. After that, TM can really show to the company that how recruit those high skilled and high talented candidates. And also, on the experience of TMP can be streamlined to focus at hiring process.

6.    Can be taken better professional development decisions

Conclusion

Talent management is a part of HR function which is most valuable thing to implement in the organization. If want to go towards company’s betterment rapidly, should be considered about talent management. It is shown most important benefits of talent management as above. When it comes to implement talent management in an organization employee’s satisfaction, engagement then after efficiency, productivity will increase. In addition if employees are positive about the talent management practices of the organization, they are more likely to have confidence in the future of their organization. The resultant is a workforce that is more committed and engaged determined to outperform their competitors and ensure a leadership position in the market for their organization.

Finally, I would say that talent management is a strong tool to face the competition among the organization. If it is implementing in any organization which will highly help to attack competitive culture as well.

References

Juneja.P, Benefits of Talent Management. Available from: https://www.managementstudyguide.com/benefits-of-talent-management.htm

7 Benefits of Having a Talent Management System, (2016) Available from: https://elmosoftware.com.au/resources/blog/7-benefits-of-having-a-talent-management-system/ [July 2016]

What is Talent Management and Why is It Important? (2018) Available from: https://expert360.com/resources/articles/talent-management-important [6 January 2018]

Talent Management Literature Review, (2013) Available from: https://www.researchgate.net/publication/250306503_Talent_Management_Literature_Review [January 2013]

How business ethics effect to betterment of the company?

What is Business Ethics?

It means that there are lot of peoples working in the organization who have various things to do as characters in their roles. When they are playing each roles, they should behave according to law of the company. But ethics are not low which is good qualities, good behavior, right things. The people to know what it right or wrong in the workplace and doing what's right this is in regard to effects of products/services and in relationships with stakeholders.

Wallace and Pekel explain that attention to business ethics is critical during times of fundamental change times much like those faced now by businesses, both nonprofit and for-profit. In times of fundamental change, values that were previously taken for granted are now strongly questioned. Many of these values are no longer followed. Consequently, there is no clear moral compass to guide leaders through complex dilemmas about what is right or wrong.

Some company are not much considering about business ethics. As a reason can be shown there is no punishment for the violation against the ethics. But, Perhaps most important, attention to ethics in the workplaces helps ensure that when leaders and managers are struggling in times of crises and confusion, they retain a strong moral compass. However, attention to business ethics provides numerous other benefits, as well. If it is taken as serious in the company will be found solutions for more problems as soon. And also, business ethics can be strong preventative medicine.

Here is explained that what are the differences between law & ethics

Basis	Business Law	Business ethics
Definition	A systematic body of rules that governs the whole society and the actions of its individual members.	A method of moral philosophy that guides people about the basic human conduct.
What is it?	There are rules & regulations	There are no rules & regulations
Violation	Violation of law is not permissible which may result in punishment like imprisonment or fine or both.	There is no punishment for violation of ethics.
Governed By	The company	Individual and Professional norms

Binding	Law has a legal binding.	Ethics do not have a binding nature.
Objective	Law is created with an intent to maintain social order and peace in the society and provide protection to all the citizens.	Ethics are made to help people to decide what is right or wrong and how to act.

How business ethics effect to betterment of the company?

1.     Business ethics helps to make a strong teamwork and to increase productivity.

When ethics build up in the organization, employee’s behavior is turning towards the best. Then after peoples will have good qualities who is working with fresh mind, mutual collaboration with others without any influences. They prefer to work as a team and it will be preferred by leaders of the organization. Usually, an organization finds surprising disparity between its preferred values and the values actually reflected by behaviors in the workplace. Employees feel strong alignment between their values and those of the organization. They react with strong motivation and performance. Finally, there will be a strong teamwork in the organization. And also, through the fresh minds, team work, moral like ethics, employee’s efficiency will increase and it will be highly affected to increase productivity also.

2.    Business ethics helps to maintain a moral course in turbulent times.

As above mentioned, through ethics is cultivating qualities, fresh mind, moral in the employee’s mind and their behavior. When the people work in the organization who face to lot of problems to solve immediately. During the time of work there is often no clear moral compass to guide leaders through complex conflicts about what is right or wrong. Leaders and others have to look at some problems as sensitively and ethics will most help to do that.

3.    Business ethics supports employee growth and meaning.

When business ethics build up in the work environment which will help to identify employee’s face reality either good or bad. Employee will have confidence to deal with whatever comes their way. And also, they will be able to manage any type of people through ethics growth up in themselves.

4.    Business ethics help manage values associated with quality management, strategic planning and diversity management — this benefit needs far more attention.

Business ethics helps to develop additional value of the people in the organization. The people who take to do their responsibilities in possible best level. So that it will be directly effect to keep as the best of quality management, strategic planning and diversity management. Through the business ethics, people’s behavior to be aligned with values, including quality management, strategic planning and diversity management. Total Quality Management includes high priority on certain operating values, e.g., trust among stakeholders, performance, reliability, measurement, and feedback. These things are cultivated in the peoples by business ethics. And also, if the people able to continue their work with business ethics which will be very helpful to manage value of strategic planning and diversity management.

5.    Through business ethics will promote a strong public image about the organization.

Especially, if any organization gets attention on the business ethics, exactly, it will be a company with good and strong public image in the society. Nowadays, buildup a more competition among the companies and business ethic is most useful to face for the competition as successful. Attention to ethics is also strong public relations admittedly, managing ethics should not be done primarily for reasons of public relations. But, frankly, the fact that an organization regularly gives attention to its ethics can portray a strong positive to the public. Ultimately, through business ethics will promote a strong public image about the organization.

Conclusion

Lot of people are used to reading or hearing of the moral benefits of attention to business ethics. However, there are other types of benefits, as well. Above mentioned list describes various types of benefits from managing ethics in the workplace. Within an organization can be cultivated business ethics as I explained. On a sudden it is difficult to implement of ethics in an organization as the law. Because there is no punishment for the violation of the business ethics.

However, as a company if it can be interested to build up business ethics in the employee’s minds and their behavior, definitely company’s goal & objective able to be achieved within a short period.

References

Namra, MC. C, 2010, Business Ethics, Culture and Performance. Available from: https://managementhelp.org/blogs/business-ethics/2010/10/23/10-benefits-of-managing-ethics-in-the-workplace/ [October 23, 2010 ]

Surbhi. S, 2015, Difference Between Law and Ethics. Available from: https://keydifferences.com/difference-between-law-and-ethics.html [December 24, 2015]

Namra, MC. C, 2010, Business Ethics and Social Responsibility. Available from: https://managementhelp.org/businessethics/index.htm#anchor4194 [October 23, 2010 ]

Why Corporate Social Responsibility Is Becoming More Important to the Organization?

Corporate Social Responsibility is Quality goods & services are supplied by the Organization who is expecting profitability. The consumer who always expect to buy quality, branded, & under concessionary prices goods & services. This is a transaction which is happen between company & consumer.

But,CSR projects are not done on profitability by the company. It is a service of the social. So, we can define that Corporate Social Responsibility is the company takes the responsibility to contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.

Some businesses have as their main purpose the fulfilment of social or environmental goals, as opposed to a business that tries to achieve its financial goals while minimizing any negative impact on society or the environment. These businesses are called Social Enterprises.

Van Marrewijk, (2003) defined CSR is regarded as the panacea which will solve the global poverty gap, social exclusion and environmental degradation.

Beckman et al, (2009) pointed out that CSR known as the organization’s status and activities with respect to its perceived community responsibility. CSR is developing in the ethics, marketing, and management fields. The ethics consists of three types of issues i.e., macro-, meso- and micro-level based. The macro- and meso- refer to stakeholder engagement and micro- is center of specific such as code of ethics.

Boyd et al, (2007) defined corporate social responsibility as general sense reflects obligations to society and stakeholders within societies impacted by the firm.

Levels of Corporate Social Responsibility

1.    Philanthropic Responsibilities

Philanthropic responsibility is always voluntarily and could be implemented through both devote the employees time and the company’s money for the best of the society and always try to strive for improving the world around them. The societal approach indicates that companies are responsible to the society as a whole, of which they can be seen as an integral part (Carroll, 1991).

2.    Ethical Responsibilities

Refer to Caroll, (1991) ethical responsibilities represent standards, norms and expectations that consumers, employees, shareholders and the community look upon as fair, even though they are not transferable into laws. The ethical responsibility is the voluntarily responsibility by the company to act in a manner that is fair and justice and to avoid or at least minimize the risk that the shareholders of the company is affected in any negative manner. In the latest years the ethical responsibility has created high expectations on corporate managers and social pressure forces the companies to act in a manner that is far beyond their legal responsibilities.

3.    Economic and Legal Responsibilities

Economic responsibilities mean that the core activity of a business is to provide goods and services. The legal responsibilities refer to companies cannot only focus on the profit motive simultaneously they are expected to act in accordance with current laws and regulations transmitted by federal, state and local communities as the ground rules under which business should operate (Carroll, 1991).

Why is Corporate Social Responsibility (CSR) important for the organization?

Companies must pay attention to this trend for below mentioned benefits to get through the involvement of Corporate Social Responsibility. Nowadays lots of organizations are doing CSR projects not only inland wide but also worldwide. Outcomes of CSR projects may not be received in short period in the company.

CSR projects are done by the organization to better the lives of the society in whatever capacity. This can be done through donation of basic needs to Houses for poor families, Educational facilities with equipment, Children’s Homes, schools etc.

Different organizations have different CSR activities based on their mission and vision. CSR provides a way for organizations to benefit themselves while doing the same for the society.

1. Employee engagement

If CSR projects is being done by the company which is once best way of employee engagement to keep a good combination between employee & organization. When implemented like this activities need to support of every employees to success for the company. Then after, corporate social responsibility gives the employees of an organization an opportunity to contribute in giving back to the society, country or environment. Being able to do something that is just not for yourself but helps put a smile on someone else’s face gives us human beings great satisfaction. The organization is involved in a good project for the society, as employees who should involve for the company. Ultimately, the best employee engagement will buildup automatically.

2. Brand building

There is a high competition in the market of every products and it is very difficult to make the brand populations inland wide & worldwide. As a result of keeping good brand populations, can be made best custom base, stakeholders, partners, and also, able to earn highest profitability. Positive word of mouth from those who benefit from your organizations CSR can help grow and make your brand successful. Despite the publicity, corporate social responsibility should not be done to gain publicity but because an organization believes in the cause they undertake. Helping bring positive change to the society will definitely attract the media and give you a cutting edge over your competitors.

3. Good reputation to the organization

Good reputation should be built up among the others competitive organizations and customers, society. Through the CSR projects about the organization’s name is spoken in everywhere. There are loyal customers & employees having the organization who is willing to see further go ahead to organization with shine. They will talk about the company heroics with others. Corporate social responsibility can be one of the ways that helps the organization build further loyal customers and employees. This will in the end help build a positive image for your brand. With loyal clients who are happy about your efforts, you can be sure of increased revenue generation.

4. Societal development

The government has main responsibility to develop the society and also, various companies undertake to do something for the society. Eg:- Building school, building & repair houses for poor families, donation of school items, cloths, foods, water project etc.

As an organization, something can be done for the society which is most valuable thing. We live in a society where organizations are too money driven and year in year out are only focused in increased revenue and market share. The organization also is part of society who should take the time out to do something for the society.

Through CSR projects, self-satisfaction will increase and it will be driven towards of organization’s betterment.

Conclusion

The organization need to approach something to do for the society as CSR. Then automatically, will be increased demands from employees, customers and government bodies for businesses to be more open about their activities and to reach, and maintain, acceptable standards in their business practice.

For employers, CSR is now seen as an important way to increase competitive advantage, protect and raise brand awareness and build trust with customers and employees.

References

Why is Corporate Social Responsibility (CSR) important for the organization? , July 20, 2017

https://www.fuzu.com/blog/why-is-corporate-social-responsibility-csr-important-for-organizations

Opadere.A, Why Corporate Social Responsibility Is Becoming More Important To Organizations

https://channels.theinnovationenterprise.com/articles/why-corporate-social-responsibility-is-becoming-more-important-to-organizations

Sammi Caramela, June 8, 2018, what is Corporate Social Responsibility?

https://www.businessnewsdaily.com/4679-corporate-social-responsibility.html

Essays, UK. (November 2013). Theories of Corporate Social Responsibility Management Essay. Retrieved from https://www.ukessays.com/essays/management/theories-of-corporate-social-responsibility-management-essay.php?vref=1

How globalization effect to the people’s living condition?

What is globalization?

It is a process of interdependence & integration among the people, companies, & government in societies around the world. It can be seen greater movement & increasing interaction people, capital, goods & services across borders. Countries have built economic partnerships to facilitate these movements over many centuries.

This process is driven by international trade, information technology, and international investment which is directly effect to economics, political, culture, prosperity, and environment.

Globalization goes to back thousand years which is not new thought of recent be born. At that time later, among the people have been buying from and selling to each other in lands at great distances, as an example we have heard that there were trade connections between sri lanka & other several countries (India, China )

Lum et al (2006), asserts that discourse encompassing the results of globalization on cultural variety may be quite a problem. The innovations in technological know-how have open cultures to your environment and have dissolved global boundaries offering strategy to globalization. Within this regard, globalization is being an empowering entity considering that it interconnects the planet also as supporting cultural and financial advancement.

The complexity of the current global economy has to do with certain disjuncture between economy, politics and society” (Appadurai, 1996)

Stiglitz (2003) asserts that rather than destroying areas of a lifestyle, mass media and globalization could aid in restoring or revitalizing cultural preservation of a persons. Technology is beneficial in preserving language, culture and customs plus the preservation of personal and collective identity. Moreover, globalization offers autonomy and ability to these kinds of communities.

Globalization has some advantages and some disadvantages. These things are directly effect to the people’s living condition which can be affected as good or bad.

Advantages of globalization and how it effect to the people’s living condition

1.    Opened the door of international market for domestic productions.

Domestic manufacturer should have a best price on domestic production to retain and expand the market. According to domestic demand, productions are supplied to local market then, if have superfluous production which can be supplied for international market with globalization. Then after, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment. Governments also have negotiated dramatic reductions in barriers to commerce and have established international agreements to promote trade in goods, services, and investment.

As a result of opened the door of international market for domestic productions, people’s living condition is increased on flowing of foreign exchange to the country.

2.    Increase in employment job opportunities

Through globalization, international investors are setting up more and more companies in the countries. So that, GDP ratio is increased and infrastructure facilities, job opportunities are established within the country. People can get better jobs without having to move to other countries in search of better jobs.

And also, People can seek suitable job opportunities from other countries on education and experiences. More chances will be received with globalization.

As a result of Increase in employment job opportunities, people’s living condition is increased with strong financial strength of the peoples

3.    Increase in education opportunities for people

More and more education opportunities be born for the people in the country. Lot of people wish to get international educational qualifications with experiences. With globalization, people to move across borders to different parts of the world to acquire better education. People from underdeveloped and developing countries often move to developed countries to get better education.  

As a result of Increase in education opportunities for people, who has living condition is increased with sound educational background of the people and high position with jobs will be created on their background.

4.    Highest & latest technology flow into the country.

With globalization, technology has been spreaded among other countries. Advances in information technology has dramatically transformed to produce domestic manufactured goods in efficient and under the low cost. All technologies are created differently and culture plays a big role in how technology is used worldwide.

As a result of Highest & latest technology flow into the country, domestic productivity will be increased then people’s living condition is enhanced by strong economic in the country.

5.    Faster flow of Information

Information flows from one part of the world to the other immediately, resulting in the world being tied together. Vital information can be shared between individuals and corporations at a very fast rate. It has also facilitated in increasing the ease of transporting people and goods.

As a result of faster flow of Information, people’s living condition will increase. Because of various information are most important to share with others and to be taken decisions regarding trade, politics, tourism, manufacturing, agriculture etc among the world. When it comes faster flow of information which can be deployed to these areas as useful. Then these areas will grow up soon in the country.

6.    Decrease in prices of goods and services

With globalization So many products are imported from the international market as substitution goods for local consumers. Then after price of local products cannot be increased as abnormal and automatically it is made a control price in local market for the relevant product and prices of goods and services will decrease against the competition.

As a result of globalization, people’s living condition will be increased they can buy various products on reasonable prices.

Disadvantages of globalization and how it effect to the people’s living condition

1.    Discourage of local manufacturers and threat to GDP

Under the low prices of substitution goods can be imported from multi countries and decrease of local goods consumption the manufacturers who will be discourage. It will be effected to down GDP ratio in the country. As a result of globalization people’s living condition will decrease on discourage of local manufacturers and threat to GDP.

2.    Rapid spread of deadly diseases

Deadly diseases such as AIDS or other communicable diseases can spread at very fast pace via travelers or due to other means as a direct consequence of globalization. As a result of globalization people’s living condition will decrease on this matter.

3.    Unfair working conditions

With globalization, peoples have so many job opportunities to take from various countries. So that multinational companies are hiring the people as labor or house maid and they will have to work under unfair working conditions. It will be directly affected to decrease people’s living condition.

4.    Culture contamination

5.    Non-compulsory intervention of foreign power forces to politics

Conclusion

Globalization is deeply controversial, however, it can be seen advantages and disadvantages through globalization which is affected to people’s living condition directly as good and bad. Countries are developed and raise people’s standards of living with globalization. It is a good opportunity for poor and developing countries to become a developed country through the globalization.

And also, there are good & bad side of anything the same it is shown culture contamination, bad effect for economic growth and decrease of people’s living condition on some matters with globalization.

References

ja-groep.nl, 2016, Effects of Globalization on Lifestyle, viewed 13^th Oct 2016

https://ja-groep.nl/uncategorized/effects-of-globalization-on-lifestyle-12/

lorecentral.org, 14 Main Advantages and Disadvantages of Globalization https://www.lorecentral.org/2017/10/14-main-advantages-and-disadvantages-of-globalization.html

https://www.globalization101.org/what-is-globalization/

quora, What are the advantages and disadvantages of globalization?

https://www.quora.com/What-are-the-advantages-and-disadvantages-of-globalization

https://www.alvareztg.com/how-does-technology-affect-globalization/

Employee engagement & Employee satisfaction are not the same

What is Employee engagement?

Employee engagement is a good combination between peoples & Organization. It means someone might be happy at work, doesn’t mean that they are working hard, efficiently, productively, for the organization. Through employee engagement make employee feel passionate about their jobs, are committed to the organization, and put discretionary effort into their work.

A workplace approach designed to ensure that employees are committed to their organization’s goals and values, motivated to contribute to organizational success, and are able at the same time to enhance their own sense of well-being.”

                                                                (MacLeod, 2009)

Emotional connection an employee feels toward his or her employment organization, which tends to influence his or her behaviors and level of effort in work related activities.

                                                                 (Business Dictionary)

For practitioners it has become an umbrella concept for capturing the various means by which employers can elicit additional or discretionary effort from employees.

                                                                (CIPD, 2012)

What is Employee satisfaction?

It means Employees are doing their jobs with more happy & content in work environment. These factors are directly effect for employee’s satisfactions which are compensation with privilege, workload, perception of management, flexibility, resources, work environment, etc. With a competition among companies job satisfaction is not felt by an employee it leads to turnover. Salary is a contributor to job satisfaction but not always. Above mentioned other factors which help in achieving job satisfaction.

Melvin (1993) stated that the environmental design of an organization plays a very important role in job satisfaction at the same time it also plays an important role in employee’s high job involvement. A good environmental design of an organization helps in resolving the conflicts and confusion. The author even cites that it is the responsibility of the management to design the environment in such a manner that it reduces the dissatisfaction where in the work tasks, working patterns are properly mentioned.

MacDermid(1999) studied the job satisfaction level of workaholics. He said there are six variables of workaholic patterns i.e. Workaholics, Enthusiastic Workaholics, Work Enthusiastic, Unengaged Workers, Relaxed Workers and Disenchanted Workers. The job satisfaction level and career satisfaction level was much more in Enthusiastic Workaholics , Work Enthusiastic, Relaxed Workers than Workaholics, Unengaged Workers and Disenchanted Workers because of the future career prospects, working involvement, drive and work enjoyment.

Why is employee engagement important?

1.    With most happiest of the employee who like to work in the organization continually. After employee retain will increase and cost of replacing an employee will reduce toward to company’s profitability.

2.    The employee would like to work hard with happy and they will keep best efficient when given their services for the company. Then can be seen highest productivity and Companies with engaged employees tend to have higher profitability rates. 

3.     With happiest of the employee who doing their jobs as natural interest. Without influence, they will often to be the first to make valuable suggestions for new methods & ways, innovative ideas, good dealing & higher satisfaction of the customers by like these advantages can be lead to business growth & success rapidly.

4.    Good attendance can keep of the employee. If have a good employee engagement within an organization, they will love their job and company. Absenteeism will decrease with engagement. 

Employee satisfaction Vs Employee engagement

If we are comparing with employee engagement and employee satisfaction, as survey results indicate, which are connected together. But they’re not synonymous. An employee can be satisfied with their salary & other benefits, working environment, workload, perception of management, flexibility, resources if they receive from their job. To be satisfied of employee satisfaction, should be offered suitable salary scale, to remove unnecessary workload, Pleasant & comfortable working environment, to provide required resources, to work with good team (etc) on these facilities when provided to the employee, satisfaction will increase in the organization.

Satisfaction involves personal happiness with one’s job, while engagement indicates an employee’s sense of connection and commitment to advancing organizational goals.

But, through employee engagement people who is deeply involved and invested in their work. The factors that drive employee engagement, however, are different than those that drive satisfaction. Engagement factors include Meaning, Autonomy, Growth, Impact, and Connection. Employee satisfaction is the foundation upon which employee engagement can grow and thrive.

Organizations with genuinely engaged employees have higher retention, productivity, customer satisfaction, innovation, and quality. They also require less training time, experience less illness, and have fewer accidents.

However, to be satisfied of employee some method should be implemented as individual employee. If we offer a suitable salary scale for the employee who will satisfy individual in his/her working life. Then he/she will give best service on the satisfaction.

But within an organization, if we doing something to engage of the employee in the company which method should be implemented and effect for more employees.

As an example, the company will arrange the annual get together with party for employees who all will be happy ultimately not only one person.

High levels of employee engagement can benefit an organization to a great extent. There are major benefits on employee engagement. So, Employee Satisfaction, Productivity will increase, Retention will increase, Innovative ideas, Profitability will increase are benefits of High levels of employee engagement. Employee satisfaction is one thing in employee engagement as a benefit.

How to improve job satisfaction and employee engagement

1.    Distribute job satisfaction surveys

2.    Allow flexible schedules

3.    Give credit where it’s due

4.    Conduct performance reviews

5.    Host team-building activities

6.    Take your time hiring employees

Conclusion

As above shown employee satisfaction and employee engagement are both critical to maintaining a happy and productive workforce, achieving satisfaction without engagement will have significantly less impact on business results. After all, engaged employees are emotionally committed to working hard, demonstrating initiative, and expending extra discretionary effort and doing so in alignment with strategic priorities to move the organization forward. It’s no wonder that employee engagement has been associated with higher workforce productivity and customer satisfaction as well as lower absenteeism and turnover. Finally, clear idea can be taken about employee satisfaction & engagement. So that further Employee satisfaction is the minimum entry fee that needs to be met in order for an employee to be fully engaged.

References

DecisionWise,LLC (US) 7 Definitions of Employee EngagementWarner.J , March 12, 2018

https://www.decision-wise.com/7-definitions-of-employee-engagement/

 EMPLOYEE JOB SATISFACTION: A REVIEW OF LITERATURE, India, 2014

https://www.researchgate.net/profile/Ipseeta_Satpathy/publication/271072808_Employee_Job_Satisfaction-_A_Review_of_Litreature/links/54bce6b30cf24e50e940b647/Employee-Job-Satisfaction-A-Review-of-Litreature.pdf

 tutorialspoint, (2018) Employee Engagement – Benefits

https://www.tutorialspoint.com/employee_engagement/employee_engagement_benefits.htm

 Rachel Blakely-Gray on October 20, 2017 in Employee Management, Productivity, Small Business, Employee Satisfaction vs. Employee Engagement

https://smallbusiness.patriotsoftware.com/difference-employee-satisfaction-vs-employee-engagement/

 www.custominsight.com/employee-engagement-survey/what-is-employee-engagement.asp