THE RELATIONSHIP BETWEENREWARD AND JOB SATISFACTION:THE CASE OF MINAYE FLOWERS PLC

Abstract

This study was conducted on employee of Minaye Flower plc including head quarter and deberziet offices. The main objective of the study to assess whether the theoretically classified extrinsic and intrinsic reward packages are intentionally practiced to increase the level of job satisfaction among employee in the company.Besides, the research was interested to find out that whether the reward system of Minaye Flower plc was transparent, equitable and fair.Descriptive and inferential statistic tools were employee to analyze the data .Questionnaires was used to collect the data from 222 employee and result shows that most respondents are neutral i.e. neither satisfied nor dissatisfied with respect to the reward system of the company. Moderate relation was found between intrinsic and extrinsic reward factor with job satisfaction .In addition to this, high productive validity of the intrinsic and extrinsic reward factors against job satisfaction was found.Finally, the researcher suggests that the company should reconsider its reward policy both to satisfy its employees as well as to enhance company performance