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5) How to overcome Job Dissatisfaction of Lower and Middle level Management in Banking Industry

  Key factors to overcome Job Dissatisfaction 

1) Celebrate Employee Milestones

                                        


Whether it’s a 1 year work anniversary, a 10 year anniversary, or a birthday, make that employee feel special and valued by celebrating them and their contributions to the company.

How this improves employee satisfaction

1) By celebrating employee milestones, you’re showing that employees that their loyalty and dedication to their roles and the company is appreciated.

2) Employees who feel valued and appreciated are much more likely to continue their career growth with you and continue to produce high-quality work.

3) Even small gestures can go a long way in bolstering employee satisfaction.

Try doing this to keep employee satisfaction high: Caroo’s Employee Milestone Program makes it easy to celebrate all of your important employee milestones throughout the year. 

They offer meaningful gifts for employee birthdays and anniversaries that are easily customizable and shipped directly to your employees. Their platform even offers monthly reminders and budget tracking so you never miss a milestone!   

          


2) Recognize Employees for Their Work                                                                                                                     


                                                                                                              

Nobody likes feeling overlooked or underappreciated, especially dedicated employees. Consider different ways to reward your employees or implement employee appreciation days so that your team consistently feels recognized for their hard work.

How this improves employee satisfaction 

1) If an employee feels valued and appreciated, they’re much more likely to be more engaged with their work and sustain a high level of job satisfaction.

2) You’d be surprised how far a simple “thank you” or “great work” comment can bolster an employee’s sense of worth in the workplace.

3) Recognizing your employees for their hard work also functions as a great motivator for employees to strive towards reaching their highest potential levels.

Try doing this to keep employee satisfaction high: Leave it to the pros and partner with an amazing employee recognition platform like Bonusly. With its user-friendly platform, Bonusly makes employee recognition easy and fun, boosting employee engagement and strengthening teams along the way.

Nectar is another fantastic recognition platform that seamlessly integrates with popular company software such as Workday and Microsoft Teams. Nectar recently rolled out integration with Amazon as well so that you can easily tie in endless employee reward options.     


3) Reward Employees for High Performance   

                                               


It’s important that every employee feels valued, but be sure that your top performers are being recognized and rewarded for going above and beyond in their roles. Whether it’s a small appreciation gift or an online shout-out, rewarding your high performers is a great way to motivate employees and keep employee satisfaction levels elevated.  

How this improves employee satisfaction

1) Rewarding employees for impressive performance helps to both retain your top talent and keep them motivated to strive for the next win.

2) It creates healthy competitiveness where your team is pushing each other to do better and be better.

3) Keeping your employees feeling rewarded yet challenged is a great way to increase job satisfaction levels in the workplace.

Try doing this to keep employee satisfaction high: Consider sending your top performers some high-quality company swag! SwagUp is an amazing swag vendor that specializes in both preset swag packs and customizable swag packs so your employees are guaranteed to get swag they actually like. They offer a simplified user platform that allows you to select, design, personalize and ship swag all in one place.


4) Promote Social Connection

    


Social connection is not just an employee engagement initiative; it also creates more satisfied employees as well. We all (hopefully) have a supportive work beastie that makes your workday more enjoyable. Colleagues who genuinely like and respect each other is more likely to be happier with their jobs and encourage one another during challenging work situations.

How this improves employee satisfaction

1) Creating an environment where social connection is a core value allows your employees to form healthy work relationships.

2) With remote working more popular than ever before, it’s important to maintain a sense of social connection so your employees don’t feel isolated or disengaged.

3) Whether it’s a weekly happy hour or coffee breaks in the kitchen, encourage your team to get out there, get to know each other, and make the most of their social connections in the workplace.

Try doing this to keep employee satisfaction high: Most companies are quite aware of the importance of team building in the workplace, but with so many team building activities out there, it can be a little overwhelming finding the right fit for your employees. 

Confetti offers an extensive catalog of team-building experiences allowing you to browse and select the perfect activity match for your team. Their amazing team of event coordinators do all of the heavy lifting on your behalf and answer any questions along the way. Trusted by companies such as Netflix, Amazon, and Google, Confetti helps foster meaningful social connections in the workplace through engaging and exciting team events.


5) Provide a Roadmap to Growth

                                                                           



How this improves employee satisfaction

1) Providing a clear career growth roadmap for employees allows them to easily picture a long-term future at the company resulting in employee retention and loyalty.

2) Taking the time to critically think about and construct a professional development path for your employee’s shows that you value their unique skills and that they are integral contributors to the company’s success.

3) Without a clearly communicated growth roadmap, employees may feel disheartened and look elsewhere for future career opportunities.

Try doing this to keep employee satisfaction high: In addition to creating career roadmaps for each employee, consider launching a mentor program where more senior employees and executives can partner with a mentee to provide guidance and advice.




6) Implement a Flexible Work Schedule

                  


Times have certainly changed in the past 2 years. Gone are the days where companies expect employees to come into the office 5 days a week and sit at their desks from 9 to 5. Instead, companies have realized the importance of remote work and flexible work schedules, particularly as it relates to employee job satisfaction.

How this improves employee satisfaction

1) Implementing a flexible work schedule provides your employees with the ability to create a schedule that works best for them and their lifestyle.

2) With the rise in remote work, many people are working from home and juggling multiple responsibilities every day.

3) By providing flexibility, employees have autonomy over their schedule and work, resulting in happier and more productive employees.

Try doing this to keep employee satisfaction high: Start by getting senior leadership buy-in for flexible work and then train your management staff on what this means how to implement it. For example, you can collectively set the policy for hybrid work where employees are only required to be in the office for 2 days each work and work remotely for the rest. Or, if employees have a particularly productive week, offer flex Friday afternoons where they sign off early those days. The key to flex working is communication, so be sure you have a communication method in place and touch base regularly.


7) Create a Transparent Culture

                                     

A transparent work culture creates an environment where employees are comfortable communicating and exchanging ideas without fear of being unheard or dismissed. A transparent culture allows employees to be informed and involved in company decisions that affect their everyday work lives.

How this improves employee satisfaction

1) Without a transparent work culture, there is a lack of trust between senior leadership and employees.

2) Companies that have successfully created a strong culture of transparency have high levels of employee satisfaction because their employees feel informed and heard.

Try doing this to keep employee satisfaction high: Use a shared communication platform such as Microsoft Teams, LinkedIn, or Yammer where you can easily post company updates, news, and employee milestones. Consistent communication is key to building a transparent culture. Try implementing a quarterly newsletter where you can provide critical business updates and ask for employee feedback on hot topics.


8) Prioritize Wellness

                                                      


With so much going on in our personal and professional lives, it’s far too easy to neglect our own well-being. Prioritizing your own and your employee’s wellness is essential to keeping job satisfaction levels high.

How this improves employee satisfaction

1) If an employee is not prioritizing their own health and wellness, they’re more likely to experience lower levels of not only job satisfaction, but overall happiness as well.

2) Encourage your employees to make time for themselves and their health.

3) Whether it’s a 15-minute walk to clear your head after a stressful call or a healthy eating seminar, there are so many ways an employer can boost wellness in the workplace and at home.

Try doing this to keep employee satisfaction high: Try offering a common employee perk like a free or discounted gym membership. This is a great way to make it easier for your employees to tap into their physical wellness. Or try bringing your virtual team together for a weekly zoom yoga or meditation class. Many health insurance providers offer no-cost health and wellness webinars as well, so be sure your employees are aware and taking advantage of the offering.


9. Empower Employees to Make Decisions

        


Empower your employees to voice their opinions, enact change, and make decisions in the workplace.

How this improves employee satisfaction

1) Empowering your employees to make decisions allows your team to showcase their unique skills and shows that you trust and respect their opinions.

2) Employees shouldn’t feel like their hands are tied behind their back when it comes to making decisions about their work.

3) By empowering employees to make their own decisions, you’re encouraging employees to be autonomous and allowing their critical thinking skills to flourish. If a manager is constantly questioning an employee’s choices, that employee’s job satisfaction diminishes due to a lack of support and trust.

Try doing this to keep employee satisfaction high: Provide your management team with training and tips on how to avoid micromanaging. It can be hard to let go of projects or certain responsibilities, but by doing so, you’re giving your team an opportunity to go above and beyond and really highlight their capabilities. Micromanagement not only reduces employee satisfaction but hinders employees’ growth as well.


10) Cultivate a Positive Work Environment

                                   


We’ve all heard the phrase ‘toxic workplace.’ Unfortunately, it’s far too common for companies to drop the ball when it comes to creating a positive work environment for their employees. In order to boost employee engagement and reduce turnover, it’s crucial to cultivate a positive work environment where employees are comfortable and treated with respect.

 

How this improves employee satisfaction

1) Employees shouldn’t dread coming into the office and doing their job.

2) Companies that create a positive work environment have happier employees who start their workday with a positive mindset.

3) Not to say problems won’t arise, but when they do, positive work environments are able to tactfully navigate and solve those problems without a resulting decrease in employee satisfaction.

Try doing this to keep employee satisfaction high: Begin your weekly Monday team meeting with your favorite motivational quote to kick off your work week on a positive note. Maybe a project has hit a snag or encountered a roadblock? Consider morale boosters like a group outing or a coffee break to get your team and the project back on track.


11) Encourage Creativity

    


“Because that’s how we’ve always done it” isn’t exactly a smart way to conduct business. Instead, embrace change and encourage creativity in your employees.

How this improves employee satisfaction

1) Encouraging creativity allows employees to use their imagination and strategically think about the business.

2) It’s easy to fall into your daily work habits or get lost in your to-do list, but it’s important to take a step back and think holistically about your role and the overall company.

3) An employee who is empowered to unleash their creative side in the workplace will feel more fulfilled and satisfied with their job.

Try doing this to keep employee satisfaction high: Imagine actually having fun at work? Creativity is a great way to do just that. Whether virtual or in-person, try hosting a paint and sip session for your employees. This is a fun way to encourage creativity amongst your team and also functions as a great team bonding activity as well!


12) Survey Your Employees for Honest Feedback & Suggestions

 


You may think you’re killing it when it comes to employee satisfaction, but what better way to confirm that than asking your employees how they feel? Surveying your employees for their candid feedback and suggestions is a vital step in measuring employee engagement. 

How this improves employee satisfaction

1) Take the guesswork out of trying to find what initiatives work best to boost your employee job satisfaction levels.

2) Go straight to the source and ask your employees what they need and what is and isn’t working for them.

3) This allows your employees to be heard and provides you an opportunity to collect valuable feedback.

Try doing this to keep employee satisfaction high: Bonusly’s Signals interface makes it easy to gather and analyze employee feedback. The platform offers multiple types of employee surveys, including templatized versions to get you started. You can also anonymize responses so that employees feel empowered to be completely honest with their feedback.


The above mention factors will help to overcome the Job Dissatisfaction of banking industry. When we are focus the above factors one by one we can clearly understand how it help to solve the issue.

Reference

1.https://snacknation.com/blog/ways-to-improve-employee-satisfaction/ on 10.05.2022

2.https://www.indeed.com/career-advice/career-development/how-to-improve-job-satisfaction on 10.05.2022

Comments

  1. Dear Hasitha, do you believe that maintaining the Favoritism Policy can affect to overcome the job dissatisfaction

    ReplyDelete
    Replies
    1. Well well Tharindu you are asking such a debatable question. From my point of view if an Organization can manage the above fact in fairly to all employees its yes. But Favoritism in the workplace is the fear of many employees. And there is no doubt that bad management allows favoritism to flourish.
      All employees are entitled to and expect to be treated equally. Favoritism can cause employees to feel they have been treated unfairly, or feel that there has been some form of discrimination.
      While it is not best practice, favoritism is not necessarily illegal. There is nothing unlawful about a manager favoring an employee or a group of employees.
      However, of course, if that favoritism is rooted in discrimination or goes against adverse action laws there may be a legal risk for the business.

      Delete

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