Rewards, Motivation and Job Satisfaction of Employees in Commercial Banks- An Investigative Analysis

Abstract

In the current competitive business environment, the banking companies are facing a lot of challenges and among these issues, getting the right employees and retaining them is one of the most important ones. In addition, today, the benefit of human resource is measured to be one of the most important advantages of any organization; and in order to acquire the results with the highest efficiency and effectiveness from human resource, motivation of employee is very essential. In fact, employees will do their highest when they feel or hope that their hard work are to be rewarded by their managers. In this regard, many factors are available that change employees performance such as worker and employer relationship, working conditions, job security, training and opportunity of development, and overall rewarding policies of the company. In addition, among the factors which impact employee job satisfaction, motivation, as a result of rewards, is the most important aspect. This study aims to examine the impacts of rewards and motivation on job satisfaction of employees in both public and private sector commercial banks in Chennai. To conduct the study regression analysis was developed to test the relationship between rewards, motivation and job satisfaction.