NATIONAL ECONOMICS UNIVERSITY FACULTY OF FOREIGN LANGUAGES DEPARTMENT OF BUSINESS ENGLISH NH TẾ Qy C (on Ee. vy a ⁄ Ệ rả G7 S HOANG THU HIEN A STUDY ON SOME FACTORS CONTRIBUTING TO EMPLOYEES’ JOB SATISFACTION OF MSH GROUP Hoang Thu Hien - 11196130 - Business English 61B NATIONAL ECONOMICS UNIVERSITY FACULTY OF FOREIGN LANGUAGES DEPARTMENT OF BUSINESS ENGLISH NH TẾ Qy C (on Ee. vy a ⁄ Ệ rả G7 S HOANG THU HIEN A STUDY ON SOME FACTORS CONTRIBUTING TO EMPLOYEES’ JOB SATISFACTION OF MSH GROUP Hanoi, September 2022 Hoang Thu Hien - 11196130 - Business English 61B Hoang Thu Hien - 11196130 - Business English 61B TABLE OF CONTENTS LIST OF TABLES AND FIGURES INTRODUCTIONN. 5-5 <5 HH HH HH 000000080900 1 1.
Purpose and Scope of WOTFE. Sources and method of data €OÏÏ€CfÏOHA. 0000004 CHAPTER 1: LITERATURE REV|IEY. HH HH HH ung 000 056 5 1.
Definition ofJob sdfiSƒQ(CÍÏOHH. Factors affecting Job SŒfISƒ((CÍÄOHH.1, Personal DACKgVOUNA nan ốố. Working CONCItIONS 7n ốốe. Job Satisfaction theOrieS.
Maslow’s Hierarchy of NC@dS. Herzberg s TWO-FactOr TÍỂOFY. Previous studies On Job Sdf[SƒQCÍÏOHH. Research FTITL€WOTFÍV.
THỌ KH HT Hi HH nu 19 CHAPTER 2: INTRODUCTION OF MSH GROUP. Background IHOTIH(ÍÏOHH. Tnhh TH HH HH nh nh Hiện 20 2. The vision, mission And DÏÍÏOSOJDÏIV.
S5 <5 << HH HH ngư21 2. Features of NUman F€SOLITCW. ng23 CHAPTER 3: RESEARCH METHODOLOGY. Research DAFÍTCÏJO(IHIẾS.
Gọi TH Họ TH 0 26 3. Data COÏÏ@CÍÏOHH.- 5c 5= <5 << HH TH TH TH HH TH HT ng 27 3. Data Analysis POC€(CÏHFCV. cm 0n cm g06 27 Hoang Thu Hien - 11196130 - Business English 61B CHAPTER 4: FINDINGS & ANALYSIS.
Level ofjob satisfaction at MSH Group and factors contributing to it. Job satisfaction levels classified by demographic characterisfics.- 41 CHAPTER 5: RECOMMENDA TION. 5 <0, 47 CONCLUSION REFERENCE APPENDICIES Hoang Thu Hien - 11196130 - Business English 61B LIST OF FIGURES Figure 1.1: Relationship between personal background and job satisfaction factors 10 Figure 1.2: Maslow’s Hierarchy of Needs .3: Job satisfaction model based on Maslow’s hierarchy of needs.4: Herzberg’s Two-Factor Principles .- -----+++sx+s++sxssexeersseesee 15 Figure 1. Maslow’s Hierarchy of Needs & Herzberg’s Two Factor Model.1: Subsidiary companies of MSH GTroup.- ----ssss++sskkssiesseeee 20 Figure 2.2: Organizational structure of MSH Group .1: Gender of participants.
- 5 G3113 9 nh nh ng nh ng nh 29 Figure 4. Age of DaT{ICIDATIS.- -- G2119 1119111911101 1H TH HH TH rệt 30 Figure 4. Level of education of participants. Length of employment of parfICIDATIES.---- 5 5 xxx ssssreersre 31 Figure 4.
Level of job satisfaction of MSH employees .ccccces 32 Hoang Thu Hien - 11196130 - Business English 61B LIST OF TABLES Table 2.1: Features of human resources of MSH Group from 2019 — 2021.1: Factors contributing to job satisfaction of MSH employees. Error! Bookmark not defined. Distribution table of Work 1{S€ÏŸ.- G5 1n ng ng nưệt 32 Table 4. Distribution table of CompensafION.
Distribution table of Career Advancement .- -----«c<ss++ecesessee 34 Table 4.5 Distribution table of R€COBTIEIOH. Distribution table of Fringe Benefits. Distribution table of Working environmei(.- --‹-+-s<++<s++<sx++ex++ 36 Table 4. Distribution table of Supervisors & COWOTKTS.
Distribution table of Self esteem. ee eeseeeceeeeseceeeeteceeeeseceeeeseeseesneens 39 Table 4. Distribution table of Company policy and administrafion. Distribution table of the most important factor to enhance employee job SAtiSfACHON 00017275.
Descriptive statistics of Job Satisfaction levels characterized by Gender Table 4. Descriptive statistics of Job Satisfaction levels characterized by Age .14 Descriptive statistics of Job Satisfaction levels characterized by Education backgỹTOUn. << + + E91 E93 E911 1 9v 1H HH ng 44 Table 4. Descriptive statistics of Job Satisfaction levels characterized by Length Of Employment 01117277.
45 Hoang Thu Hien - 11196130 - Business English 61B INTRODUCTION 1. Research introduction Due to regionalization and globalization trends, there is more intense rivalry among enterprises. In order to stand solid and grow in the market, enterprises must establish competitive advantages and affirm their position in the market. The evolution of the business world has shown that the only true competitive advantage is people.
Today, with the view that people are the most valuable asset of every business, business managers have realized that increasing employees’ happiness is the first step in ensuring the success of the company. When employees are satisfied, they work more productively and efficiently. But in fact, there are a lot of individuals who still feel unsatisfied with the work they are doing. According to a survey conducted by CareerBuilder in 2019, one of the top global employment sites, employee unhappiness is rising: One in four people is not feeling pleased with their job.
Over the past two years, the number of such dissatisfied people has climbed by 20% on average. Within the next two years, six out of ten respondents plan to quit their current jobs and look for new ones. The level of job satisfaction varies among different companies or organizations. But it can’t be denied that employee job satisfaction is one of the most significant factors contributing to a company’s success and competitiveness (Miller, 1960).
In determining whether employees are content and happy in fulfilling their work, the job satisfaction of employees should be put under attention and evaluated on a regular basis. Rationale In the increasingly fierce business environment, every business tries to grow and maintain a competitive advantage to dominate the market. Human resources are one of the most important aspects that contribute to competitive advantages. The significant changes in the business world have proven that human capital will be a distinctive and long-lasting resource that gives companies a competitive edge.
Therefore, people are the only long-lasting benefit. Companies are under greater pressure than ever to adapt and actively innovate with new technology, new goods, and new services to satisfy the rising demands of customers. Hoang Thu Hien - 11196130 - Business English 61B At the same time, the organization also needs to attract, train and retain the most qualified employees. According to the Human Resource Department, MSH Group Joint Stock Company is a reputable real estate enterprise with nearly 800 employees.
With a team of well-trained staff with reasonable compensation and full benefits, they have brought great revenue to help the company become a leading enterprise in Vietnam. Currently, the company is paying great attention to its human resources because it is a factor that creates competitive advantages and helps the company achieve the set goals. To be able to attract and retain a high-quality workforce, the company must understand the factors that affect employee job satisfaction, and then have appropriate policies to make employees happy and satisfied. This is the reason why I chose the topic “A Study on Some Factors Contributing to Employees’ Job Satisfaction of MSH Group” 3.
Purpose and Scope of work e Purpose The purpose of this thesis is to identify the current level of job satisfaction of MSH Group employee, thus investigating factors that contribute to job satisfaction, ie. work, compensation, career advancement, recognition, fringe benefits, working environment, supervisors & coworkers, self esteem and company policy & administration. Job satisfaction is a concept of measuring the psychological comfort of employees. Many experts believe that job satisfaction trends can affect the labor market and employee behavior.
Besides, the study also analyzes the relationship between job satisfaction level with demographic characteristics, ie. gender, age, education level and length of employment. The thesis will provide relevant messages and information to the concerned employers that will further help them to enhance employees’ satisfaction levels depending on the conclusions drawn from this study and ultimately increase their productivity. Thus, the significance of this study is that it helps to gauge the exact sentiment of the employee body so that strategic and tactical changes can be put into motion by offering valuable suggestions to raise the level of satisfaction e Scope of work The present study aims to assess the level of job satisfaction of employees working in the Head Office of MSH Group.
The research participants were full-time Hoang Thu Hien - 11196130 - Business English 61B employees who belong to different departments such as Legislation, IT, Human Resources, Marketing, R&D, Finance & Accounting and Sales Department. The participants were asked to respond to a set of questions in the questionnaires which were distributed in February 2011. The participants were asked to respond to a set of questions in the questionnaires which were distributed in October 2022. Sources and method of data collection e Primary data Primary data for this study is deduced from the survey and observation at MSH Group.
A questionnaire is a tool to gather information, including a set of questions with certain logic. The questionnaire is the means used to communicate between the researcher and the respondents. 120 employees will take part in the survey to collect their opinion and attitude about the level as well as factors affecting job satisfaction. The scale of these questions is like a 5-point Likert scale: Scale 5: Totally agree/ Very high Scale 4: Agree/ High Scale 3: No comment/ Normal Scale 2: Disagree/ Low Scale 1: Totally disagree / Very low Multiple choice questions are included in the questionnaire to allow participants to choose one or more options from a list of answers.
Besides, there are also open-ended questions that cannot be answered with a "yes" or "no" response, or with a predetermined set of responses. Instead, participants can provide answers in their own words. It will be useful when asking for recommendations and solutions to some problems. Surveys given by researchers will be delivered to MSH Group employees through Zalo, Facebook and Viber.
In addition, participants will proceed with observation with the purpose of building stereotypes and theories based on individuals' opinions. The personnel at MSH Group provided me with many comments, suggestions, and feedback throughout my internship. e Secondary data Hoang Thu Hien - 11196130 - Business English 61B The secondary data is collected from the Human Resource Department of MSH Group. Besides, information also included previous studies on job satisfaction, related articles, and textbooks.
Research question In order to achieve the research purposes, the study focuses on finding the answers to the following questions: > What is the current job satisfaction of MSH Group employees? > What are the factors contributing to the employee satisfaction of MSH Group? > What are some suggestions to increase the job satisfaction of employees? Hoang Thu Hien - 11196130 - Business English 61B CHAPTER 1: LITERATURE REVIEW 1. Definition of job satisfaction Job satisfaction or employee satisfaction is one of the most discussed topics in the field of organizational psychology. According to Miller (1960), employee job satisfaction is one of the most significant factors contributing to a company’s success and competitiveness. Kusku (2003) stated that employee satisfaction reflects the degree to which individual needs are met and valued by other employees.
According to Spector (1997), job satisfaction is simply how people feel about their jobs and aspects of their work. Hoppock (1935) said that employee satisfaction is the combination of psychological, physiological, and environmental satisfaction that makes a person feel content with their job. Ellickson and Logsdon (2001) took a different approach, arguing that job satisfaction of employees is generally defined as the degree to which employees enjoy their jobs. This attitude is based on the employee's perception (positive or negative) about their job or working environment.
In short, as long as the working environment can meet the needs, values and personalities of employees, the level of satisfaction will be higher. Meanwhile, according to Smith in 1983, job satisfaction is defined as the feeling that employees feel about their job. Weiss (1967) defined job satisfaction as an attitude about work expressed by employees' feelings, beliefs, and behaviors. Gruneberg (1979) concluded that since people spend a lot of their time at work, understanding the factors related to their job satisfaction plays a key role in improving their current job satisfaction status.