Impact of employee job satisfaction and commitment on customer perceived value: An original perspective
International Journal of Bank Marketing
ISSN: 0265-2323
Article publication date: 7 January 2020
Issue publication date: 16 April 2020
Abstract
Purpose
The purpose of this paper is to analyse the impact of employee job satisfaction and affective commitment as perceived by customers on customer perceived value, more specifically its benefits dimensions.
Design/methodology/approach
A total of 652 panellists from a large Canadian polling firm self-administer a web-based questionnaire. To measure customer perceived value, a formative index is used which contributes to topical literature through a unique methodology. Hypotheses are tested using a structural equation model.
Findings
An analysis of the direct, indirect and total effects confirms the unique positive impact of employee job satisfaction and affective commitment, as perceived by customers, on the emotional, social, relationship and epistemic benefits, as well as on the formative index of customer perceived value.
Practical implications
Customer perceptions of employee attitudes (job satisfaction and affective commitment) represent a unique opportunity for banks to differentiate their value proposition in a hypercompetitive market.
Originality/value
This study is the first to consider customer perceptions of employee job satisfaction and affective commitment in relation to a formative index of customer perceived value and its related benefits dimensions.
Keywords
Acknowledgements
The authors would like to acknowledge the financial contribution of the UQAM Chair in Financial Services Management.
Citation
Charni, H., Brun, I. and Ricard, L. (2020), "Impact of employee job satisfaction and commitment on customer perceived value: An original perspective", International Journal of Bank Marketing, Vol. 38 No. 3, pp. 737-755. https://doi.org/10.1108/IJBM-03-2019-0097
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited