A Study of Job Satisfaction among Private Sector Bank Employees in India Using Multiple Regression Analysis

Abstract

This study focuses on employees of private banks in India and aims to identify the factors/variables instrumental for their job satisfaction and to empirically test such identified variables with the help of a survey. Factors identified from previous research have been further clubbed as: Work Aspects, Compensation, Training, Career Development, Supervision, and Work Life Balance. Sample comprised of managerial and non-managerial staff of selected private sector banks in India; total sample size was 102. Reliability analysis was carried out using Cronbach alpha and thereafter hierarchical multiple regression was conducted to understand the relationship between the identified variables. On the basis of the findings, we have rejected our hypothesis and inferred that Work aspects, Compensation, Training, Career development, Supervision, and Work life balance are significant predictors of job satisfaction, with adequate explanatory power. Keywords: Job satisfaction, Private sector banks, Work life balance, Cronbach alpha, Multiple regression

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