Employees satisfaction on monetary rewards in Nepalese organization
Date
2024
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Abstract
Employee compensation plays a crucial role in the dynamic between employers and employees, influencing the performance of both parties. This research seeks to investigate the connection between monetary compensation and various aspects of job satisfaction, including overall satisfaction, extrinsic factors, and intrinsic motivators. The study employed convenience sampling and utilized descriptive and causal research designs.
Statistical analyses such as ANOVA, T-tests, correlations, and regression were conducted.
Surveys were administered to employees in commercial banks located in the Kathmandu
Valley to gauge the impact of compensation on their job satisfaction levels.
This research examines how Employee Compensation is influenced by factors such as
commitment, reward, appreciation, and fairness. The findings indicate a strong positive correlation between appreciation and commitment, as well as between reward and appreciation. Regression analysis demonstrates that commitment, reward, appreciation, and fairness all have a positive and statistically significant impact on Employee Compensation.
Key words: Performance appraisal, Employee motivation, Nepalese commercial bank
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Keywords
Performance appraisal, Employee motivation