Psychological Satisfactory Level of Employees Concerning Welfare Benefits and Organizational Effectiveness in Manufacturing Companies in Uragadam, Chennai

Abstract

Effectiveness of the organization depends on the psychological satisfaction of itsemployees.There are many factors for referring psychological satisfaction of employees inworkplace.For example components like working conditions, payment system, ,non-monetarybenefits, supervisor, peer group,promotion system , safety measures, productivity or target system,and the work itself. In this paper we have focused on the level of psychological satisfaction ofemployees in workplace concerning the welfare benefits received from their employer and it effectson organizational effectiveness.Employee’s psychological satisfaction is the terminology used todescribe whether employees are feeling contended,happy, fulfilling their needs at workplace. Thepsychological satisfaction regarding welfare benefits provided have a great impact directly on theorganizational effectiveness.