Abstract:
The objectives of the study were to examine the effect of reward on job satisfaction and motivation the case of Ethiopian Toll Roads Enterprise. It aimed to assess the relationship between reward variables and job satisfaction and motivation. The study employed descriptive survey research design. Both quantitative and qualitative data were gathered using survey questionnaire, and interview. In the survey questionnaire both close ended and open ended question items were included to triangulate the data. The collected data were analyzed through descriptive statistics and inferential statistics. Multiple Linear Regression, correlation and ANNOVA were used to analyze the responses; and SPSS version 24 software. The findings of the study indicate that all the reward components have a positive and significant relationship with job satisfaction and motivation. The job satisfaction and motivation level of the ETRE is not good currently. On top, the finding shows that work condition has strongly positive relationship on employee job satisfaction and motivation. The mean, frequency and percentile of the dependent and independent variables were computed and interpreted. Pearson correlation Coefficient (r) was used to determine the relationship between each independent variable with the dependent variable. It found that the independent variables have 75.8% influences on the dependent variable while the remaining 24.2% is influenced by factors which are not covered in this study. In addition to this, the most satisfied with reward component in organization are male and who holds master’s degree plus who works at higher and medium level positions is more satisfied and motivated. The study recommends that the organization shall conduct a measurement or survey on the existing level of satisfaction and motivation of its employees by external or internal consultants and implement the areas of improvement pointed by its employees. Future research studies shall be conducted on investigating other variables which effect the job satisfaction and motivation in ETRE not included in the study such as place of the work, working burden/overwork and leadership style
