Assessing The Impact of Factory Worker Benefits on Job Satisfaction in EL
Salvador City
An Undergraduate Research
Presented to the faculty of
CITY COLLEGE OF EL SALVADOR EL Salvador City
In Partial Fulfillment of the
Requirements for the coarse RESEARCH METHOLOGY 1 In Bachelor of Science in Office Administration
. MALATE, NEIL BOY
CORNILLA, JOEL JR. B. PATENO, CHRISTIAN LYELL V. OPERIO, JASPER IGLORIA, ELLEN B. CHAPTER 1 INTRODUCTION The chapter presents the background of the study, Theoretical framework, Conceptual framework, Statement of the problem, Null hypothesis, Significance of the study, Scope of limitations of the study, And Definition of terms. 1.1 Background of the Study Employees' overall feelings about their jobs as workers has been one of the central topics in organization research due to its impact on the organizational productivity and effectiveness. The primary resource of a corporation is its workforce. Ensuring employee satisfaction is crucial for the success of any organization. A method to assess if employees are happy and fulfilled in their roles is through evaluating and measuring their job satisfaction. Every employer's top priority should be to maintain high levels of employee satisfaction throughout their tenure with the company. The concept of job satisfaction has long fascinated social scientists and human resource experts, particularly those focused on the challenges of work in an industrial society. Therefore, it is essential to explore these issues in order to enhance individuals' work experiences as a fundamental goal. Employees that are satisfied in their jobs would generate work of exceptional quality, allowing an organization to grow and succeed in the face of shifting economic conditions. Therefore, a firm may gain from having competitive, more informed, and contented staff.A common definition of job satisfaction is a pleasurable or positive emotional state resulting from the appraisal of one’s job or job experiences. It is also determined as a set of favorable or unfavorable feelings and emotions which employees view with their work Hashim, R. and Mahmood, R. (2011). It is often believed to be closely related to effectiveness as well as individual wealth. Job satisfaction is defined as actively engaging in work that one likes while receiving compensation for one's efforts. To achieve a high degree of performance progression for a firm, a highly pleased work force is a vital prerequisite. A satisfied worker puts more effort into their work, which results in better and tougher work. The researcher looked at factors that contribute to job satisfaction, including culture, leadership communication, commitment, job content, training, chances for rewards and recognition, teamwork, superior-subordinate relationships, and delegation. Three key factors that contribute to job satisfaction are outlined below. Firstly, it is crucial for organizations to prioritize human values, treating employees with respect and fairness. High levels of job satisfaction often indicate positive emotional and mental well-being among workers. Secondly, the performance and effectiveness of an organization are closely tied to the level of job satisfaction among its employees, which can fluctuate based on their behaviors. Lastly, job satisfaction can serve as a valuable indicator of organizational dynamics and activities. Employee absenteeism has emerged as a significant problem for companies, resulting in additional expenses. Consequently, employers bear the responsibility of minimizing it. One effective approach to reducing absenteeism is by enhancing employee satisfaction. This factor deserves attention as it can be controlled by managers, unlike other factors such as illness or the death of an immediate family member. It is possible for employers to inadvertently encourage absenteeism through the enforcement of company policies. In the Philippines, workers also expressed a greater sense of satisfaction with their jobs, with 69 percent reporting higher levels compared to the regional average of 60 percent. Filipino employees have a tendency to go above and beyond their job responsibilities, even if they do not necessarily work longer hours than their counterparts in neighboring countries. Being employed plays a decisive role in enhancing the overall quality of human lives. The act of working not only generates personal wealth but also fosters individual empowerment. Consequently, it significantly contributes to boosting one's self- esteem. Moreover, being employed provides unique opportunities for growth and learning, ultimately leading to a sense of fulfillment and satisfaction. Job satisfaction is influenced by various factors, including financial benefits, health and safety measures, work-life balance, opportunities for training and development, social security and retirement benefits, employee engagement and communication, work environment and facilities, and employee relations and support. Factors such as adequate pay, health and safety measures, paid time off, flexible work schedules, and career development opportunities contribute to job satisfaction. Social security benefits, retirement plans, and pension schemes can also enhance job satisfaction by providing security and support for employees. A positive work culture that encourages open communication and participation in decision-making can increase satisfaction. A well-maintained and comfortable workplace with amenities like canteens, rest areas, and recreational spaces can also contribute to job satisfaction. The quality of relationships between workers and management and the availability of support systems can also impact job satisfaction. However, each individual may prioritize different benefits based on the gcir unique circumstances and needs. Job satisfaction is crucial for organizational success, leading to increased productivity, improved work quality, reduced turnover rates, and enhanced organizational commitment. However, many organizations, particularly in developing countries, lack adequate or no benefits, resulting in high turnover rates and low morale. This study aims to examine the impact of factory worker benefits on job satisfaction, exploring the types of benefits offered, job satisfaction levels, and the relationship between benefits and job satisfaction. The findings will help organizations understand the importance of benefits provision for improved productivity and organizational performance. 1.2 Theoretical Framework This study is anchored on Maslow’s needs hierarchy theory was one of the first theories to examine the important contributors to job satisfaction. The theory suggests that human needs form a five-level hierarchy consisting of physiological needs, safety, belongingness/love, esteem, and self-actualization. Maslow’s hierarchy of needs postulates that there are essential needs that need to be met first such as, physiological needs and safety, before more complex needs can be met such as, belonging and esteem. Within an organization, financial compensation and healthcare are some of the benefits which help an employee meet their basic physiological needs. Safety needs can manifest itself through employees feeling physically safe in their work environment, as well as job security and/ or having suitable company structures and policies. When this is satisfied, the employees can focus on feeling as though they belong to the workplace. This can come in the form of positive relationships with colleagues and supervisors in the workplace, and whether or not they feel they are a part of their team/ organization. Once satisfied, the employee will seek to feel as though they are valued and appreciated by their colleagues and their organization. The final step is where the employee seeks to self-actualize; where they need to grow and develop in order to become everything, they are capable of becoming. Although it could be seen as separate, the progressions from one step to the next all contribute to the process of self-actualization. Therefore, organizations looking to improve employee job satisfaction should attempt to meet the basic needs of employees before progressing to address higher-order needs. However, more recently this approach is becoming less popular as it fails to consider the cognitive process of the employee and, in general, lacks empirical supporting evidence. In addition, others have found fault with the final stage of self-actualization. The lack of a clear definition and conceptual understanding of self-actualization, paired with a difficulty of measuring it, makes it difficult to measure what the final goal is or when it has been achieved. 1.3. Conceptual Framework This study aims to assessing the impact of factory workers benefits on job satisfaction in companies within El Salvador City. It determines the factory workers that the various benefits can have a positive impact on the dependent variable of job satisfaction which can be measured through these few indicators of employee engagement, job satisfaction, job security, work life balance and career growth opportunities. The independent and dependent variables of the study are show below: Independent and Dependent Variables
Independent Variables Dependent Variables
Factory worker Job Satisfaction:
benefits: Employment Health Insurance Engagement Retirement Plan Job Security Paid Vacation Work- life Balance Sick days Career Growth
Figure 1. Schematic Diagram of the Study
1.4 Statement of the Problem This study aims to understand whether factory worker’s benefits, such as health insurance, retirement plans, paid vacation, sick day, have a direct impact on the job satisfaction. This research will explore the relationship between job satisfaction and various benefits offered to factory workers and provide insights to inform decision- makers about the most effective ways to improve job satisfaction and employee retention in the manufacturing industry in El Salvador City. Specifically, it seeks to answer the following questions. 1.How do factory workers benefits such as health insurance, retirement plans, paid vacation, and sick days impact job satisfaction? 2.How can factory workers benefits be impact to increase job satisfaction and employee retention? 3.How important are specific benefits such as healthcare coverage and retirement plans in influencing job satisfaction for factory workers? Null Hypothesis Ho: There is no significant relationship between factory workers benefits and job satisfaction levels among employees in the manufacturing industry. 1.5. Significance of the Study Job satisfaction is the main factor in keeping potential employees. Significance of this study lies in its potential to inform employers, particularly those in the factory industry, about the impact of providing particular benefits to their workers. By understanding the relationship between benefits such as health insurance, retirement plans, paid vacation, and sick days and factors such as job satisfaction, employee engagement, job security, work-life balance, and career growth, employers can make informed decisions about which benefits to offer to their workers. This can lead to increased job satisfaction and productivity, as well as improved retention rates and a more positive workplace culture. Ultimately, this study can contribute to the overall well-being and success of both factory workers and their employers. This Study will beneficial to the Following: Management. This study will help factory owners better understand the impact of their benefits packages on employee job satisfaction. Factory workers. This study will provide evidence to factory workers of the impact of their benefits on job satisfaction. Policy makers. Policy makers can use the results of this study to inform divisions on how to structure legislation to ensure that employees are offering adequate benefits packages to their workers. Future researchers. Gives valuable description to any further researchers who wish to investigate the same subject, ensuring that this study serves as useful knowledge and beneficial source for future research. 1.6. Scope and Limitations of the Study This study will focus on Assessing the Impact of Factory Worker Benefits on Job Satisfaction of El Salvador City, Misamis Oriental. The data collection will be conducted to five (5) selected companies that will consist of 20 workers each company, with a total of 100 respondents. This study will not cover other problems that are not considered as one of the impacts of factory worker benefits on job satisfaction. The other workers which do not fall as part of the 5 selected companies that consist of 20 workers each company will not be within the scope of this research. The study will be done through the utilization of questionnaires to the respondents as a survey and reference. By their strategy, the researchers will be able to know the impact of factory worker benefits on job satisfaction. 1.7. Definition of terms Health Insurance. An agreement in which an insurance company agrees to pay for some or all of your medical expenses in exchange for a monthly premium payment. Retirement Plan. A long-term voluntary tax-exempt retirement programmed provided by law to encourage Filipinos to invest towards their own retirement. Paid Vacation. A period of time that employees are given by their employers to use at any time during the year Sick Days. A day taken off from work because of illness. Employee Engagement. Job Security. It is the perceived ability of employees to be able to retain their jobs for as long as they can foresee. Work-life balance. A key part of a healthy and productive work environment. Career Growth. All the steps an employee takes on their journey to achieve their professional goals.