Volume 6, Issue 9 (September 2019), Pages: 93-106
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Review Paper
Title: The influence of organizational factors on job satisfaction in the commercial banking sector in Malaysia
Author(s): Anantha Raj A. Arokiasamy *, Ricardo Baba
Affiliation(s):
School of Economics and Management, Xiamen University Malaysia, Sepang District, Malaysia
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* Corresponding Author.
Corresponding author's ORCID profile: https://orcid.org/0000-0001-9784-6448
Digital Object Identifier:
https://doi.org/10.21833/ijaas.2019.09.014
Abstract:
The purpose of this study was to investigate the factors affecting the job satisfaction of employees in the commercial banking sector in Malaysia. Twenty-four banks in the Klang Valley area, Peninsular Malaysia were targeted as survey respondents. Data were collected using a structured questionnaire based on organizational factors (pay, promotion, supervision, fringe benefits, contingent rewards, working conditions, co-workers, operating conditions and communication), individual factors (gender and age) and job satisfaction of employees in the commercial banking sector in Malaysia. The study showed that organizational factors significantly influenced employee job satisfaction in the commercial banking sector. Alternatively, age and gender did not significantly influence employee job satisfaction in the commercial banking sector in Malaysia. The research provided a better understanding of the factors affecting job satisfaction in the commercial banking sector. Younger generations bring with them new expectations and retention concerns. Employers need to understand the needs and wants of their employees and develop strategies for recruiting and retaining top talents. The results can help CEO’s to identify strategies to increase employee job satisfaction by increasing their motivation for the job performed thus leading to higher productivity and better employee-retention strategies. The research findings also contribute to a better understanding of all related parties on the application of theories and model in relation to financial compensation aspects and organizational commitment.
© 2019 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Job satisfaction, Commercial banking sector, Organizational factors
Article History: Received 25 April 2018, Received in revised form 8 July 2019, Accepted 14 July 2019
Acknowledgement:
This work was funded by Xiamen University Malaysia Research Fund (Grant No. XMUMRF/2018-C2/ISEM/0002).
Compliance with ethical standards
Conflict of interest: The authors declare that they have no conflict of interest.
Citation:
Arokiasamy ARA and Baba R (2019). The influence of organizational factors on job satisfaction in the commercial banking sector in Malaysia. International Journal of Advanced and Applied Sciences, 6(9): 93-106
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