Abstract:
The aim of the present study is to investigate the relationship between Greek Banks’ leadership style and their employee’s satisfaction with their job. Leadership is considered to be an integral part of an organization’s structure, policies and strategies, and overall function. Therefore, it affects employees’ everyday life, interpersonal relationships, problem-solving strategies and internal feeling of competence and effectiveness. In the frame of the current study, leadership style was measured with the Multifactor Leadership Questionnaire (M. L. Q. – 5x), a tool created by Avolio and Bass (2004). The questionnaire measures different styles of leadership: 1) Transformational, 2) Transactional 3) Passive/ Laissez-faire. For the measurement of job satisfaction, the Employee Satisfaction Inventory (E. S. I.) was used, a tool created by Koustelios (1991). It includes 24 items which measure six dimensions of job satisfaction: 1. Working conditions, 2. Salary, 3. Promotions, 4. Work itself, 5. Immediate superior and 6. The organization as a whole. The results showed that the levels of job satisfaction among Greek bank employees range from moderate to high, confirming previous findings for the Greek population. In addition, job satisfaction is correlated and can be predicted by leadership style. In particular, the transformational leadership style appeared to be the most highly and positively correlated with key aspects of job satisfaction.
Machine summary:
Gkolia 1,2,3 University of Thessaly, Karyes, Trikala, Greece Received 6 October 2014, Accepted 23 November 2014 ABSTRACT: The aim of the present study is to investigate the relationship between Greek Banks’ leadership style and theiremployee’s satisfaction with their job.
More specifically, an organization’s leadership style is considered to have a direct impact on the relations between superiors and employees, thus affecting both the latter are performance, job satisfaction and commitment and the organization’s total coherence (Wilderom et al.
As for the particular leadership style that is considered to have the most positive effect on job satisfaction, research has shown that the latter is mostly affected by the transformational and the transactional style.
The study of Chang and Lee (2007) among employees of the private sector –including banks- showed that leadership style and organizational had a positive influence on employees’ job satisfaction, especially when employers adopted a transformational leadership style, sharing their vision with their employees.
In general, it could be supported that transformational leadership style is very likely to have a positive effect on employees’ job satisfaction, as those kinds of leaders are capable of promoting the organization’s values which are related to goal achievement and focus on the employees’ performance on those goals, therefore enforcing employees’ feeling of competence and success.
RESEARCH METHOD The aim of the study was to investigate the relationship between leadership style and job satisfaction among Greek bank employees.
A Study on Relationship among Leadership, Organizational Culture, the Operation of Learning Organization and Employees’ Job Satisfaction.