Effect of Reward on Motivation and Job Satisfaction

Abstract

The goal of all organizations is success in the current economic environment, which is increasingly uncertain and competitive. Companies, irrespective of size or industry, make every effort to motivate employees, recognizing their roles and influence on organizational effectiveness. Hence, the objective of this study is to explore the impacts of rewards on work motivation and job satisfaction at a mining company. The methodology is descriptive cross-sectional research. Data collection is by Likert-scaled questionnaire on a randomly selected population of 201 permanent employees and SPSS analysis for Cronbach's Alpha and multi regression analysis is undertaken. Findings reveal 59.3% of employees prefer both intrinsic and extrinsic motivation while 32.8% prefer only extrinsic motivation. A statistically significant form of intrinsic work motivation and job satisfaction is Herzberg's motivator factor ‘Achievement' (Beta= 0.272) and extrinsic work motivation and job satisfaction is hygiene factors of ‘Work security; (Beta= 0.442) trailed by peers and supervisors relationship.