Satisfaction Level of Staffs on the Hr Practices Followed Under Self Financing Institutions

Abstract

It is a well known fact that money is not the only motivating factor that contributes towards employee satisfaction. There are various other factors which determine employee satisfaction. Employee satisfaction is a factor in motivation, retention and goal achievement in the place of work and commitment is a factor that include no excess work load, treating employee with respect, provide recognition & rewards, fringe benefits and positive management. The purpose of this topic is to study the employee satisfaction and organizational commitment and to examine the satisfaction level of staff and its impact on Commitment. This is descriptive and empirical in nature and purposive sampling technique is used. The study is based on primary data, which has been collected through structural questionnaire, filled by member stake 75 respondents of has been selected on random sampling basis percentage method is used for data analysis. According to findings of this data the employee satisfaction effects commitment of management and staff. Factors affecting employee satisfaction and commitment are rewards, stress, leave, benefits and compensation given to the staff by the management which are important to improve the motivation level and employee satisfaction.

Areas examined include recruitment and selection, induction, training and development and supervision. The main purpose of the study was to find out the nature and impact of Human Resource Management practices in faculty members of self-finance colleges. Questionnaire method was used to collected data from the faculty members of select self-finance colleges from South India. The faculty members expressed their good satisfaction towards Quality of work life, good Motivation from the management and moderately satisfied with Career advancement in the Self finance institutions. However they agreed that there is moderate Job security with high level of stress.