The Impact of Human Resource Management Practices in Financial Organizations on Job Satisfaction

Abstract

Job satisfaction is considered an essential factor in developing a professional's personality, closely related to work motivation. Job satisfaction is a necessary component of human resources, an indicator of both the current and prospective position of the organization. In modern conditions of functioning of organizations, employee satisfaction is associated with specific positive consequences: high labour motivation, increased labour efficiency, staff involvement (loyalty to the organization). Study purpose. To investigate the differences in the degree of satisfaction with various aspects of employees' work in financial sector organizations in the digital economy. For this purpose, in practice, a descriptive-analytical approach was used to identify the degree of employee job satisfaction in the organization. Statistical analysis of the study results was carried out to identify the relationship between the variables (Z-test, correlation analysis). The study solved the problem of determining significant factors in managing an organization's human resources that affect job satisfaction (remuneration, job security, level of responsibility at work, recognition, leadership style, career opportunities, training and development in a professional environment). Results. A positive relationship has been revealed between the practice of human resource management in financial sector organizations and employee satisfaction. The study recommends improving management in the personnel utilisation subsystem by optimising the financial compensation system and workplace design, positively affecting employee satisfaction.