IMPACT ASSESSMENT OF FRINGE BENEFITS IN JOB SATISFACTION AND EMPLOYEES’ ATTITUDE
Journal Title: International Journal of Management, IT and Engineering - Year 2017, Vol 7, Issue 6
Abstract
Organizations exist in order to render specific products or services to the society. For an organization to be able to actualize its goals in the society, stakeholders in the organization must work towards achieving the set goals and objectives. Therefore, it is expected of management and employees to put in optimum efforts. Thus, it is important for management to build into it, factors that will induce people to contribute effectively and efficiently, by meeting their needs in addition to payment of salaries and wages. The human concept of labor satisfaction has been recognized widely in industrial world. Establishing the determinants of job satisfaction remains at the forefront of empirical testing in using measures of on-the-job utility. In discrepancy theory, satisfaction is the outcome of the distance between two- understanding of an individual & understanding the aspects of the job. This evaluation depends on the employees own needs, values, beliefs, expectation & desires. As a result higher satisfaction must result if fringe benefits make better match between the benefits which individual desire and the benefits they gain. As first consideration, desirable job attributes such as fringe benefits should increase job satisfaction. Moreover employee’s benefits and compensation packages can play a strategic role in raising organizational performance and profitability. While a valuable form of compensation, employer provided benefits may lower earnings or reduce job mobility. One of the ways by which an organization can create a satisfying and motivating climate, is by providing fringe benefits for its employee. This article briefly explains about the fringe benefits of Tirupur Industries which in one factor of identifying the satisfactory of employee.
Authors and Affiliations
Mrs. R. Saranya
Keywords
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