Relationship between Job Satisfaction and Employee Retention

 


Introduction
The assignment focuses on HBI management understanding the factors that influence retention of the relatively young workforce of HBI.  It is important because HBI training program for its new hires, retaining the existing trained financial advisors is critical for HBI in order to maintain high levels of productivity. This paper makes use of extensive literature review to underline the results of the case study.
Relationship between Job Satisfaction and Employee Retention
Job Satisfaction is how satisfied an employee is with the Job that he or she is obeying to in his organization. Most Scholars and professionals of human resource say that there are two types of Job satisfactions. One is Affective and the other is Cognitive Job satisfaction. Both of these theories of satisfactions explain the extent to which an employee is satisfied by his Job. Affective satisfaction of Jobs is measured by the emotions and pleasure that an individual feels towards their job whereas cognitive satisfaction of Jobs is measured by the satisfaction of individuals regarding the facets of the job. These facets include pay, pension, hours of work etc. To come out with a basis for Job satisfaction, there are various models. The models are outlined by several theories such as 
Affect Theory- This theory was given by Edwin A. Locke and is also known as the Range of Affect theory. This is the most famous theory among all the theories under the models. The core of the theory is to determine satisfaction by finding out what is the discrepancy between two things which are what a person wants in his job and has he got in his job. Also, the theory says that what a person values depends upon the value of a facet to that person and depending on that he or she moderates how much satisfied or dissatisfied he or she is. 
Dispositional theory- This is general in terms of Job satisfaction and declares that there are dispositions which are innate in nature in the minds of people because of which people have a capability to be satisfied up to a level irrespective of the job he or she does. 
Opponent process theory- In this theory the emotional aspects are highlighted. There are two processes involved here which are primary process responsible for being steady in emotions whereas opponent process which is when feeling are in contradiction with other feelings of primary processes. 

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