( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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EMPLOYEES’ SATISFACTION TOWARDS NON-MONETARY COMPENSATION

    2 Author(s):  MS. MANISHA GUPTA , DR. ARCHNA CHANDRA

Vol -  6, Issue- 2 ,         Page(s) : 44 - 51  (2015 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Abstract The principal component of an organization is its ‘human resource’ or ‘people at work’.There were no organization thatcan succeed without a certain level of commitment and effort of its employees. Employee satisfaction is the terminology used to describe whether employees are happy and contented and fulfilling their desires and needs at work. The objective of the study was to understand the relation betweenemployees’ satisfaction andnonmonetary compensation.The descriptive researchdesign was usedfor study. Data was analysed by applying percentage analysis,correlation and regression analysis. Based on the review ofliterature a conceptual model of employee satisfaction and nonmonetary compensation was developed and ten factors ofnonmonetary compensation were identified which affect employees satisfaction. The data analysis revealed that employees’ was highly satisfied with the leave policy, medical benefits and insurance and dissatisfied with overtime policy and fringe benefits. From thecorrelation and regression analysis the hypothesis was proved that nonmonetary compensation had significant relationship with employees’ satisfaction.

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