The Relationship Between Reward And Job Satisfaction: The Case Of Commercial Bank Of Ethiopia
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Date
2017-05-13
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Addis Ababa University
Abstract
In the current competitive business environment, banking industry is facing a lot of challenges particularly getting the right employees and retaining them. Rewards always play an important role in attracting and retaining talent that enhances organizational growth and performance. This study emphasizes the relationship between Intrinsic and Extrinsic Rewards with job satisfaction at commercial Bank of Ethiopia‟s employees. A Descriptive research design with survey method is applied in this study. Using stratified random sampling technique 263 participants (employees) of the target institution-CBE were selected from the total population of 882. The primary data was collected by using a questionnaire adopted from previous researchers. These results indicate that the employees in CBE generally did not perceive the reward practices in the institution as fair. Similarly, their overall satisfaction on the reward practices of the bank is moderate. Therefore, in order to be effective in achieving its targeted goals and objectives, CBE is required to re-evaluate its reward practices. The study has also found that Pay and Benefits, Recognition, Promotion and Career Advancement, Working Conditions and Working relation have moderate degree of positive relationship with job satisfaction of employees. Whereas, Accomplishment and Task Autonomy has slightly high Correlation with Job Satisfaction.
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Job satisfaction, Rewards, promotion