Job Satisfaction of Employees in Banking Sector

Abstract

What factors contribute to job satisfaction? How can we motivate employees towards their work assignments? Reason being, job satisfaction and work motivation have strong bearing on performance. In this regard, this study was conducted to know the impact of reward and recognition, satisfaction with supervision and compensation on job satisfaction. Moreover, the relationship between job satisfaction and work motivation was also explored with the help of responses collected from employees working in financial institutions in Rawalpindi area. Questionnaire as research instrument was used and floated to 100 employees are various hierarchical levels. In total, 100 usable responses were received which were analyzed through SPSS 15.0. Results showed significantly positive relationship between reward and recognition, satisfaction with supervision and the compensation, with job satisfaction as well as a very positive and significant relationship was also observed between job satisfaction and intrinsic compensation. Implications of the study for management and policy makers in the context of human resource practices are discussed. Limitations and guidelines for future research are also given.

Keywords: Reward and Recognition, Satisfaction with supervision, Compensation