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The relationship between financial and nonfinancial rewards on employee’s job satisfaction at manufacturing industries in Malaysia
Kamilah Seman1, Shahidah Ahmad Suhaimi2.
Reward is the basic needs in upgrading employee’s pleasure which influence their
job execution. In order to retain the employees, overall work performance leaded by employee
satisfaction will give benefits for companies in this competitive labour market. This paper aims
to explore the influence of financial rewards and non-financial rewards in relation to employee
job satisfaction. Questionnaires were distributed to employees in manufacturing industries in
the southern region of Malaysia. In total, 300 self-administered were distributed. However,
there are 169 samples were accepted and analysed through statistical software. In order to
identify the relationship between independent variables and dependent variable, Pearson
correlation analysis was conducted. The result shows both financial and non-financial rewards
are significant with employees’ job satisfaction. Most of the employees in manufacturing
industries in the southern region of Malaysia are satisfied with the rewards offered by their
respective companies. This outcome might give light to other manufacturing companies and
promote the importance of having an appropriate reward policy.
Affiliation:
- Universiti Tenaga Nasional, Malaysia
- Universiti Tenaga Nasional, Malaysia
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