The Moderating Effect of Job Satisfaction on Monetary Rewards and Employee Performance of some Listed Pharmaceutical Firms in Nigeria

Abstract

This study dealt with the moderating effect of job satisfaction on monetary rewards and employee performance of pharmaceutical firms in Nigeria. The study employed a descriptive survey research design method. A sample size of 290 respondents was selected from a total population of 772 employees of nine pharmaceutical firms in Nigeria. Primary data was gather using questionnaire which was structured in five likert scale; (1=strongly disagree, to 5 =strongly agree) and was self-administered to the respondents of the said pharmaceutical firms. Bivariate regression and multiple regression analysis technique were adopted with the aid of SPSS for analysis of the hypotheses in the study. It was found out that monetary reward had significant effect on employee performance of pharmaceutical firms. The results reviewed that the employees’ job satisfaction was influenced by the monetary rewards, bonus pay, salaries, incentive are demonstrated through compensation trends in the market. the explanatory variables made the following contributions, 0.04571 for salaries respectively for task performance. On moderation, the following contributions were recorded for task performance. salaries 1.2335 respectively. Recommended that the management of Pharmaceutical Firms should work to ensure that monetary rewards of pharmaceutical firms, Nigeria, were fair and equitable, there should be fairness and equity in the pharmaceutical firms, Nigeria rewards practices.