The Effect Of Reward Management Practice On Employees’ Job Satisfaction: In Case Of Ethio Telecom

Abstract

The main objective of this study was to explore the effects of reward management on employees’ job satisfaction in Ethio telecom. The objective of this study mainly crucial for the company to have satisfied, energetic, competent, and committed staff for better chance of achieving the overall objectives and goals of the company. The study used both primary and secondary source of data. A quantitative research approach of the data collection used, and 342 questionnaires were distributed and 286 completed usable questionnaires for response rate of 86.8% returned. Stratifying sampling method was used and employees were selected from each stratum with a simple random sampling technique. Data was analyzed using descriptive, correlation and multiple regression analysis. The correlation result has entailed that opportunity for promotion and work environment is found to have strong positive relationship (r=0.486, r=o.714, p<0.01and) with employee’s job satisfaction, similarly moderate relationship obtained with benefit (r=0.331, p<0.01), and Training &development (r=0.487, p<0.01). To prove the impact of each independent variable on dependent variable and to check the hypothesis developed linear regression analysis was applied. The beta value is a measure of how strongly predictor variable influences the criterion variable and the higher the beta value the greater the impact of the predictor variable on the criterion variable. Finally, the study suggest that as extrinsic and intrinsic rewards are a motivator factors in the enhancement of employees’ job satisfaction, the researcher recommended that the concerned bodies need to try their best to revise and adjust reasonable reward packages better than the present one to accommodate and satisfy its work force employees as well as to enhance and achieving of overall objectives of the company.