Impact of Tangible & Intangible rewards on Employees’ Job satisfaction

Abstract

The purpose of this research is to assess the level of tangible and intangible rewards in public and private sector banks and then to find the impact of those rewards on employee job satisfaction. The primary data was collected through structured questionnaire. Stratified sampling method of probability sampling technique is used to collect data from 240 samples. Samples were divided into three groups: top management, middle and lower management of the banks. The aspects measured are: Tangible Rewards, Intangible rewards, and employee satisfaction. Data was analyzed through Independent Sample T-test, Correlation & Two-way ANOVA. Findings showed that Intangible rewards increase job satisfaction more than the tangible rewards. Females are provided more tangible and intangible rewards as compared to males in the public-sector banks of the Hyderabad District. Males are provided more tangible and intangible rewards as compared to females in the private sector banks of the Hyderabad District. Females are more satisfied in the public-sector banks as compared to males. Males are more satisfied in the private sector banks as compared to females. This research disinters the knowledge on the impact of tangible & intangible rewards on employees’ job satisfaction.