DOI: https://doi.org/10.36719/2789-6919/49/70-73
Tural Mehdiyev
Azerbaijan State University of Economics
PhD student
https://orcid.org/0009-0006-5713-073X
t.v.mehdiyev@gmail.com
Economic Consequences of Employee Satisfaction and Organizational Performance
Abstract
The relationship between employee satisfaction and organizational performance directly impacts the economic outcomes of enterprises. Employee satisfaction increases their motivation, productivity, and loyalty, resulting in overall organizational performance improvement. High performance leads to economic benefits such as more efficient resource utilization, cost optimization, and revenue growth. Conversely, low employee satisfaction raises the risk of staff turnover, decreases productivity, and generates additional costs. Strategies for measuring and managing employee satisfaction and performance provide organizations with a competitive advantage and contribute to the development of human capital and sustainable economic growth. Therefore, maintaining employee satisfaction and enhancing organizational performance are of significant theoretical and practical importance.
Keywords: employee satisfaction, organizational performance, economic outcomes, motivation, productivity, loyalty, human capital, efficient resource utilization, revenue growth, management strategies, organizational development, competitive advantage, sustainable growth, employee motivation