The Impact of Rewards on Job Satisfaction and Employee Retention

Sharon Ruvimbo Terera; Hlanganipai Ngirande

Authors

Sharon Ruvimbo Terera Department of Industrial Psychology, University of Fort Hare
Hlanganipai Ngirande Department of Business Management, University of Limpopo (Turfloop campus) Private Bag 1106. Sovenga, 0727. South Africa

Abstract

This study explored the impact of rewards on job satisfaction and employee retention among nurses. The objectives of this study were to determine the impact of rewards on employee retention, to establish whether there is a relationship between rewards and job satisfaction, to establish the relationship between job satisfaction and employee retention and to make recommendations to the policy makers in the organization on possible ways/strategies to improve employee retention based on the research findings. The study utilized a quantitative research design and 180 nurses were randomly selected as research participants. Self-administered questionnaires were administered to participants/respondents. The data was analysed using Statistical Package for the Social Sciences (SPSS), version 20.0. Hypotheses were formulated to test the relationships between the independent variable and the dependent variable. The study revealed that employee rewards lead to employee retention but however, they do not result in job satisfaction.

DOI: 10.5901/mjss.2014.v5n1p481