DETERMINANTS OF EMPLOYEE COMPENSATION IN NEPALESE ORGANIZATIONS
Date
2024
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Shanker Dev Campus
Abstract
Employee pay is a crucial aspect of the employer-employee dynamic, impacting the
performance of both parties involved. This study seeks to investigate the correlation
between employee financial compensation and their overall job satisfaction, including
extrinsic and intrinsic factors. Utilizing a Convenience sampling method, this research
employs descriptive and causal research designs. Statistical tools such as ANOVA, Ttests, correlation, and regression analysis are applied. The study focuses on commercial
banks in Kathmandu Valley, using questionnaires to gauge the influence of compensation
on employee satisfaction.
This research examines Employee Compensation as the outcome variable, with
commitment, rewards, appreciation, and fairness as the predictors. The findings indicate a
robust positive correlation between appreciation and commitment, as well as between
rewards and appreciation. Regression analysis demonstrates that commitment, rewards,
appreciation, and fairness all exert a positive and statistically significant influence on
Employee Compensation.
Key word: Performance appraisal, Employee motivation, Nepalese commercial bank