Dear Uma,
The following are the variables which contribute to Employee satisfaction:
1.Overall Individual satisfaction: Employees be should satisfied with the organisation as a great place to work.
2. Work Environment: Employees have to feel satisfied with the environment within which they work for it would result in high productivity.
3.Communication Methods:When administrative policies and all important announcements are communicated to the emplyees,it boosts thier morale. The methods chosen for communication also play an integral role. SOme of the methods that could be used are intranet,monthly newsletters,weekly meetings etc...
4. Compensation and benefits: This is the most important variable for employee satisfaction.Employees should be provided with competitive salary packages and they should be satisfied with it when comparing their pay packets with those of the outsiders who are working in the same industry.
Hope this data was sufficient.I shall refer to some books and retrieve the definition of Employee satisfaction.
RGDS,
Alex Mathew