The Moderating Effect of General Competencies on Career Satisfaction and Job Performance: An Emperical Study on Wealth Management Firms

Abstract

Objective: The aim of the paper is to present the vital importance of employees' competencies in creating a correlation between job performance and career satisfaction in wealth management companies.
 
 Method: To analyse the correlation between employee performance and career satisfaction, a research framework was employed that incorporates general competencies as an intermediary factor in wealth management firms. A survey was conducted among 90 employees working in wealth management offices in Cochin.
 
 Results: Based on the survey results, it is apparent that possessing general competencies is crucial for improving job performance and achieving career satisfaction within the wealth management sector.
 
 Conclusions: It is evident from the research that wealth managers can benefit greatly from providing a career advancement environment for their employees. This is because it leads to the development of a more skilled workforce, which in turn translates into better job performance and increased efficiency. The central point of the paper is to address the ambiguity and inconsistency that exists regarding the part of general competencies, career satisfaction and job performance in wealth management.