Relationship between Intrinsic Rewards and Job Satisfaction: A Comparative Study of Public and Private Organization

International Journal of Research in Commerce, IT & Management, Vol. 2, No. 6, June 2012

17 Pages Posted: 12 Jun 2012 Last revised: 5 Aug 2012

See all articles by Muhammad Tausif

Muhammad Tausif

COMSATS Institute of Information Technology

Date Written: June 11, 2012

Abstract

The focus of this research study is to explore the relationship between intrinsic rewards and job satisfaction for employees of service sector. The study examined the level of employee’s job satisfaction for intrinsic rewards such as task autonomy, task significance, task involvement, opportunities to learn new things and recognition of public and private banking sector employees. The study was conducted in banking sector of Pakistan. Sample of 384 permanent employees of public and private banking sector of Pakistan was taken. Branches were randomly selected from Rawalpindi, Islamabad, Wah Cantt and Attock. To collect data, questionnaires survey was conducted. 384 questionnaires were equally distributed in both private and public sector banks, 263 questionnaires were returned and processed. SPSS 17 was used to analyze the data through independent sample t test, correlation and regression analysis. The Results of study indicated that the employees of private banks satisfied with task autonomy, task significance, task involvement and recognition, they were not satisfied with opportunities to learn new things. Results also reveals that public banking sector employees were satisfied with task autonomy, task involvement and recognition and they were not satisfied with task significance, opportunities to learn new things. Little differences were observed regarding preferences of intrinsic rewards between the employees of public and private banking sector. In general, the study findings suggest the intrinsic rewards such as task autonomy, task significance, task involvement, opportunities to learn new things and recognition are important antecedence to job satisfaction for the employees of service sector organizations.

Keywords: job satisfaction, intrinsic rewards, banking sector, recognition, task autonomy

Suggested Citation

Tausif, Muhammad, Relationship between Intrinsic Rewards and Job Satisfaction: A Comparative Study of Public and Private Organization (June 11, 2012). International Journal of Research in Commerce, IT & Management, Vol. 2, No. 6, June 2012, Available at SSRN: https://ssrn.com/abstract=2082223

Muhammad Tausif (Contact Author)

COMSATS Institute of Information Technology ( email )

Pakistan

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