What is Employee Satisfaction ?
‘Employee Satisfaction’ is the term used to define the collective satisfaction of an employee regarding their job, compensation, duties, workspace, etc. Many companies employ different tactics to make sure that their employees are fully satisfied as happy employees directly translate to a successful company.
The term ‘employee satisfaction’ is often used interchangeably with ‘employee engagement’. However, both are very distinct terms. While employee satisfaction would indicate how happy an employee is with their current job irrespective of their actual work, an engaged employee will be motivated enough to work efficiently and improve their work.
Companies generally differentiate employee satisfaction into two versions: short-term and long-term. Short-term employee satisfaction is related to how good the employee perceives the company to be and is directly linked with attrition. On the other hand, long-term employee satisfaction is related to how the employee perceives the company as a whole from their career perspective as well as the importance they give their job and their company.