The Effect of Reward on Employees’ Job Satisfaction in the case of Lion International Bank S.C
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Date
2017-06-04
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Addis Ababa University
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ABSTRACT
Human resource management is critical for the successful operation and profitability of an
organization since people are the main assets that operate in organizations. Reward practice is
one of core activities underlying in human resource management. This study examined effect of
reward and its effect on the employees’ job satisfaction taking Lion International Bank S.C. as a
case study. The study used both primary and secondary source of data. A quantitative research
approach of the data collection used and 244 questionnaires were distributed and 235 completed usable
questionnaires for response rate of 96% returned. Stratified random sampling method was used and
employees were selected from each stratum with a simple random sampling technique. Data was analyzed
using descriptive, correlation and multiple regression analysis. The study result has implied that
promotion, sense of achievement, recognition and work freedom are found to have strong positive
relationship with employees job satisfaction, moderate relationship obtained with pay and benefit and
working condition .Whereas , insignificant relationship is obtained with bonus. The result that obtained
from regression analysis implied variations in employees’ job satisfaction were explained by reward
variables. In order to boost the level of satisfaction of the employee, the researcher recommended
that the concerned parties have to revise and improve the existing reward practices. Since the
current study was completed using employees’ perception data on employee job satisfaction the
study, findings may not be fully representing the population. Therefore, future researchers shall
use objective data on employee job satisfaction and make a more concrete finding that can be
representing all Lion International Bank's employees.
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Keywords
Job satisfaction, Rewards, promotion