Employees’ Satisfaction Towards Monetary Compensation Practices

Organizations are increasingly interested in retaining right talents while targeting for new talents; measuring employees satisfaction provides an indication of how successful the organization is in fostering a conducive environment which nurtures great attitude among employee’s towards their Job and company . Employee is one of the key factors of the organization success. No organization can succeed without a certain level of commitment and effort from its employees. Organizations’ often attempt to satisfy its employees to gain their commitment and loyalty. The concept of employee satisfaction is a multi-dimensional and inter disciplinary term that has been attracted the attention of researchers and practitioners from different disciplines such as psychology, human resource management, organizational behavior, TQM and so forth. In the case of compensation, employees’ satisfaction towards compensation is likely to be determined by their beliefs about the compensation coverage and the values they place upon that compensation. Employees’ who believe they are well provided for by compensation and value their coverage are likely to develop a positive attitude or a sense of satisfaction with their compensation. Positive attitudes about compensation can lead tobehavioural intentions to maintain the relationship with the compensation provider (i.e., employer).