Determinants of Job Satisfaction as an Imperative for Performance Enhancement in Profit Oriented Firms; A Survey of Dangote Conglomerates Quoted on the Nigeria Stock Exchange Market

Abstract

The objective of the study is to investigate the impact of job satisfaction determinants such as reward packages, good working conditions, personnel policies and procedures, nature of work environment, leadership styles, management systems amongst others in enhancing productivity in profit – oriented organization in this case quoted on the Nigerian Stock Exchange Market. The surveyed organizations are Dangote Salt Plc. Both primary and secondary sources of data collection were employed. The primary sources of data instrument – questionnaire was used mainly in data acquisition using 5-point likert rating scale of strongly agreed, -5, agreed -4, undecided -3, disagreed – 2 and strongly disagreed.  Quasi – experimental research design method (i.e survey research design method) was used. Yamanes formula was adopted in the determination of sample size which was 371 from a population of 5060 in four surveyed firms. Two hypotheses were formulated and tested using the Multiple Regression Analysis Test in determining the impact of job satisfaction determinants in enhancing productivity and job dissatisfaction symptoms effect on employee turnover in the four surveyed organizations. The findings from the study revealed that job satisfaction determinants have a significant impact on the organization productivity if they are applied as required and it will also lead to positive attitude of employee to work. Another finding also revealed that with relevant application of determinants of job satisfaction will moderate the behavior of the turnover of employee as warranted Dangote group of companies quoted on the Nigeria Stock Exchange market. The study recommends that executive management should ensure the provision of good condition of services, good reward packages, good working atmosphere, good management system, good leadership styles policies that will guarantee employee satisfaction in order to attain high productivity and forestall employee turnover. Again the study recommends that formation of employee care unit within the human resource management Department specifically responsible for ensuring with the compliance of job satisfaction determinants provision to facilitate high productivity by the organizations is pertinent.