Relationship between Job Satisfaction and Employee Engagement: An Empirical Study on Private Banks in Bangladesh

In today’s competitive world, engaged employees are a crucial asset for any organization. Employee engagement measures significant levels of commitment and loyalty by the employees, which benefits the organization in many ways. This study only focuses on private banking sector, which is now changing tremendously. With the changing scenario, they need highly qualified engaged employees to deal with the competitive market. Employees who are committed and loyal at work exhibit higher performance and that will eventually facilitate the organization in both the national and international market. This study provides a linkage between two most significant HR variables- job satisfaction and employee engagement as well as tries to evaluate the impact of various factors of job satisfaction on engaged employee. This empirical study was administered among 92 employees of private banks in Bangladesh. A questionnaire with 24 statements using the Likert scale was provided to the employees to examine the correlation between job satisfaction and employee engagement. Correlation results showed that there is a crucial relationship between these variables.  Apart from this, multiple regression analysis was conducted for examining the impact of the factors of job satisfaction those are- management support, communication, recognition, career growth, and leadership on employee engagement. It indicated that communication drivers have highly affected the engaged employees whereas recognition does not affect employee engagement.