Browsing by Author "Misganaw Tezera"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    The Relationship of Reward Management Practices to Employees‟ Job Satisfaction in Ethiopian Insurance Corporation
    (Addis Ababa University, 2016-05) Misganaw Tezera; Beyene Abeba
    This study empirically examine the relationship between rewards and employees job satisfaction in EIC. The purpose of this survey primarly essencial for organization to have satisfied, competent and commited staff for better chance of meeting the overall objectives and goals. The study used both primarly and secondary source of data.A quantitative research approach of the data collection used and 258 questionnaries were distributed and 224 completed usable questionnaires for response rate of 86.8% returned. Stratifiying sampling methiod was used and employees was selected from each strata with asimple random sampling technique. Data was analysed using descriptive, corollational and multiple regression analysis. The study result has implied that personal growth and advancement is found to have strong positive relation ship (r=0.481 ,p<0.01) with employees job satisfaction, moderate relation ship obtained with recognition (r=0.386, p<0.01), working environment (r=0.390, p<0.01), promotion (r=0.386 , p<0.01), empowerment (r=0.227, p<0.01) supervision (0.124 , p<0.01). Where as , weak relation ship is obtained with payement (r=0.124 , p>0.05) and benefits (r=-0.011 , p>0.05). Both financial and non-financial rewards should be a source for employees‟ job satisfaction and then employees will be loyal and willing to stay in their organization, because employees‟ satisfaction on the job will reduce absenteeism and turn over intention in the insurance. key words: Intrinsic rewards, Extrinsic rewards, Job satisfaction