EFFECT OF REWARD MANAGEMENT ON EMPLOYEE JOB SATISFACTION IN EURO GLOBAL FOODS AND DISTILLERIES LIMITED

Abstract

The study examined Effect of reward management on employee’s job satisfaction in Euro global foods and distilleries limited. The problem of this study asserted that poor performances, low staff morale and high employee turnover are due to the extremely poor reward management system in the organisation. The objectives of the study were to establish the level in which extrinsic and intrinsic rewards has affected the job satisfaction of employee’s in Euro Global Foods And Distilleries Limited. The population of the study was 156 workers in Euro Global Foods And Distilleries Limited and complete enumeration was used to get the sample size for the study, The study adopted a survey research design, which process has to do with sending out copies of questionnaires to the respondent which is then statistically analysed to draw meaningful research conclusions. The study used primary source data which was the questionnaire and the questionnaire response rate was 80%. The correlation and regression analysis were used to find relationships and to analysis the hypothesis. The findings revealed, extrinsic rewards indices possess significant and effective effect on job satisfaction of employees. The study found out that employees are the most important part of service industries, and it is very important for managers to make sure they are happy. It is recommended that top management should pay attention to the intrinsic reward practice of the organisation, since it affects the employee’s job satisfaction. It also recommended that extrinsic reward (as indicated in this study) should be administered efficiently.