Social and psychological satisfaction and labor attractiveness among banking sector employees

The results of a study of social and psychological factors related to job satisfaction and labor attractiveness among banking sector employees have been presented. Modern society development leads to constant changes in management, therefore it becomes necessary to constantly study the aspects that affect effectiveness and attraction of employees, on which the success of a business depends, including in banking sector. There are many approaches to the job satisfaction and labor attractiveness concepts in the scientic literature, and this study uses the theory where one variable is the degree of the other. The foreign scientists have identified management and motivation as the most significant factors related to and influencing bank employees’ satisfaction. Based on it, an empirical study has been conducted on a Russian sample. According to the statistical analysis results using the Spearman correlation criterion, it has been revealed that management has a significant relationship with job satisfaction among bank employees, while no such relationship has been found with intrinsic motivation. The study results should be used when developing corporate culture within banks in order to successfully attract professional staff and retain existing ones.

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