EMPOWERMENT AND ITS IMPACT ON JOB SATISFACTION: “AN EMPIRICAL STUDY OF THE BANKING SECTOR”

Abstract

In the contemporary era, employee retention poses a significant challenge for organizations, particularly within the banking sector. In this scenario, empowering employees is crucial for retaining and boosting their performance. To explore the relationship of empowerment with job satisfaction among baking industry employees the study using quantitative research method approach that is based closed ended questionnaire. Information was gathered from 280 commercial bank workers. Data were collected from 280 employees of a commercial bank. Regression analyses reveal that various dimensions of employee empowerment, including power, reward, knowledge, and information, Positive and considerable impact on job satisfaction. Empowering bank workers with decision-making authority and workplace expertise leads to improved job satisfaction. This study suggests that empowerment strategies are essential for enhancing staff retention and morale. Practical recommendations are proposed for banking management to improve empowerment programs for long-term human resource development.