A Comparative study of the level of Job Satisfaction in Domestic and Foreign Banks in Chennai

The present study has been designed to examine the main factors that affect job satisfaction of two foreign banks and two state-owned banks in Chennai. The banks were selected and from each organization 30 subjects were selected randomly. A questionnaire was used for ascertaining the most important and different factors that influence job satisfaction in four organizations with different cultural background. Data were analyzed employing SPSS14.0. The result indicates that lower salary level and less welfare schemes, unfair promotion policies, lower social status, organization commitment and personal fulfillment make the job dissatisfaction of domestic banks lower than foreign banks.