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The Role of Rewards on Employee Satisfaction and Organizational Behavior in Finance Corporation in Cabanatuan City
Subject area: Management and Commerce · Area of research: Business and Management
Abstract
This quantitative research investigates the impact of reward systems on employee satisfaction and organizational behavior within a finance corporation in Cabanatuan City. Data were gathered from 38 employees via structured surveys, which examined their demographic characteristics, the types of rewards provided by the organization, and the effects of these rewards on their satisfaction and behavior. The analysis revealed strong correlations between rewards and critical factors such as job satisfaction, employee engagement, team collaboration, and organizational commitment. The results indicate that monetary rewards, which are provided consistently to employees, are particularly effective in increasing job satisfaction and motivating performance. Rewards also play a crucial role in fostering positive organizational behaviors, such as heightened employee engagement, better teamwork, and stronger job performance. However, challenges remain in areas like reducing turnover intentions and enhancing work-life balance. Based on these findings, it is recommended that organizations adopt a well-rounded reward system that integrates monetary, non-monetary, and developmental rewards, along with initiatives such as flexible working options and wellness programs. These measures aim to sustain employee motivation, improve retention, and enhance overall organizational performance. The study provides valuable insights for finance corporations in Cabanatuan City, suggesting that a strategic and diversified approach to rewards can help optimize employee satisfaction and organizational success
Keywords
Rewards, Employee Satisfaction, Organizational Behavior, Chi-Square Test, Finance Corporation
How to cite this paper
@article{1706669,
author = {Agustin, Noel B., Cucio, Michelle Jean A., Joana Christina P. Cunanan},
title = {The Role of Rewards on Employee Satisfaction and Organizational Behavior in Finance Corporation in Cabanatuan City},
journal = {Iconic Research And Engineering Journals},
year = {2024},
volume = {8},
number = {6},
pages = {317-327},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1706669.pdf},
abstract = {This quantitative research investigates the impact of reward systems on employee satisfaction and organizational behavior within a finance corporation in Cabanatuan City. Data were gathered from 38 employees via structured surveys, which examined their demographic characteristics, the types of rewards provided by the organization, and the effects of these rewards on their satisfaction and behavior. The analysis revealed strong correlations between rewards and critical factors such as job satisfaction, employee engagement, team collaboration, and organizational commitment. The results indicate that monetary rewards, which are provided consistently to employees, are particularly effective in increasing job satisfaction and motivating performance. Rewards also play a crucial role in fostering positive organizational behaviors, such as heightened employee engagement, better teamwork, and stronger job performance. However, challenges remain in areas like reducing turnover intentions and enhancing work-life balance. Based on these findings, it is recommended that organizations adopt a well-rounded reward system that integrates monetary, non-monetary, and developmental rewards, along with initiatives such as flexible working options and wellness programs. These measures aim to sustain employee motivation, improve retention, and enhance overall organizational performance. The study provides valuable insights for finance corporations in Cabanatuan City, suggesting that a strategic and diversified approach to rewards can help optimize employee satisfaction and organizational success},
keywords = {Rewards, Employee Satisfaction, Organizational Behavior, Chi-Square Test, Finance Corporation},
month = {December},
}