UNIVERSITY OF ECONOMICS HO CHI MINH CITY International School of Business ----------------------------------------- TA THI DIEP TAN LOW JOB SATISFACTION IN SACOMBANK – KY HOA TRANSACTION OFFICE ID: 22130064 MASTER OF BUSINESS ADMINISTATRION SUPERVISOR: Dr. LE NHAT HANH Ho Chi Minh City – Dec, 2016 1 2 TABLE OF CONTENT ACKNOWLEDGEMENT. 2 CHAPTER 1: COMPANY INTRODUCTION .1 General Information about Sacombank. 7 CHAPTER 2: PROBLEM IDENTIFICATION .1 The first symptom: High employee turnover .2 The second symptom: Decreasing in profit .3 Identifying and Diagnosing Tentative Problems .1 The first potential problem: Low satisfaction in training and development opportunity.2 The second potential problem: Low satisfaction in salary, compensation, and benefits 16 2.3 The third potential problem: Low satisfaction in job security and promotion opportunity.4 The fourth potential problem: Low satisfaction in relationships with other employees and supervisors .4 The real problem: Low job satisfaction.5 Verifying the importance of job satisfaction .6 Verifying the existence of real problem: Low job satisfaction in Sacombank .7 Causes and Effects chart of real problem: Low job satisfaction in Ky Hoa.
23 CHAPTER 3: ALTERNATIVES ANALYSIS AND POSSIBLE SOLUTIONS .1 Justify the importance of the causes .1 Solution 1: Increasing employee motivation by improving workplace harmony .2 Solution 2: Increasing employees’ professional skills and career development through training and development plans .3 Solution 3: Motivating employee by a better performance and reward system. 30 CHAPTER 4: SUPPORTING INFORMATION .1 Questionnaires of employees’ satisfaction .4 The results of the focus group interview to justify the main causes:. 0 4 ACKNOWLEDGEMENT I am grateful to my supervisor, Dr. Le Nhat Hanh, whose expertise, understanding, generous guidance and support made it possible for me to work on a topic that was of great interest to me.
It was my pleasure working with her. I am very thankful to Managers and Directors of Sacombank for give me time to response to my questions for being ever so kind to show interest in my research and for giving their precious and kind advice regarding to my topic. I would like to express my gratitude to co-workers at Sacombank Ky Hoa bank for being so generous to reply to my questionnaires. Words can never be enough to thank your all kindness.
1 EXECUTIVE SUMMARY Ky Hoa Transaction Office (Ky Hoa) of Sacombank located in Su Van Hanh Street, District 10, Ho Chi Minh City is one of the top transaction offices of Sacombank, the top biggest public commercial bank in Vietnam. The transaction office has impressive growth since the very first day of business. It achieved the title of “Potential Transaction office”, a very honor title for a transaction office of Sacombank, place them equivalent to many branches, which usually included the branches and many smaller transaction offices. However, Ky Hoa’s management team still unsatisfied with the result of its business.
Despite the great growth of many aspects like customer base, customer deposit and saving, services fee, foreign exchange business…, Ky Hoa’s profit still under performance as pointed out by both the management team of this transaction office and Sacombank headquarter. As profit is the key to the survival of any business, lacking of profit means the future of Ky Hoa is in danger. In order to figure out the problem with this transaction office, the full scale of problem finding methods have been conveyed including interview with Ky Hoa management team; managers of others transaction office of both Sacombank and competitors; focus group with all the related employees of Ky Hoa; and combined with related market condition and literatures. After all these step, the lacking of employee satisfaction of Ky Hoa (especially the employees of credit department) that lead to the symptom of low credit growth rate is the main problem of this transaction office.
The possible cause of the problem also pointed out in according with the KPI of KY Hoa Credit department: the inexperience and limited knowledge of the Bank credit 2 services of credit employees; the satisfaction of employees on salary, work load, benefits and promotion opportunities; and lack of guidance from supervisors. Therefore, the first solution for this problem is improving the knowledge of the bank’s services for both the sale team and management team.