It refers to the rate that defines the employee’s level of happiness with the company. When an employee services the company, it is essential for the employer to keep a regular eye on job satisfaction. Job satisfaction refers to the feeling of satisfaction that an employee gets from his job and the company in which they are working. A high job satisfaction rate reflects the company has good HRM management processes. On the other hand, if the job satisfaction rate is low, the employees are not satisfied with the company policies or the way of working. This critically affects employee engagement and turnover ratio in the company, which not only generates a bad reputation but also results in higher expenses encountered in hiring processes. Although there is no specific formula to calculate employee satisfaction rate, various companies measure it differently. Various companies conduct employee feedback processes and surveys to maintain job satisfaction. Other than this, the hire turnover rate also reflects lower play satisfaction.
