Open AccessA Study on the Impact of Compensation Policy on Employee Satisfaction in Sutex Fabrics and Knits
Author(s) -
Rajvi Ajitsinh Chauhan,
Anuradha Pathak
Publication year - 2022
Publication title -
indian scientific journal of research in engineering and management
Language(s) - English
Resource type - Journals
ISSN - 2582-3930
DOI - 10.55041/ijsrem12136
Subject(s) - likert scale , compensation (psychology) , test (biology) , payment , reliability (semiconductor) , work (physics) , scale (ratio) , compensation of employees , business , promotion (chess) , marketing , psychology , engineering , social psychology , political science , finance , mechanical engineering , developmental psychology , paleontology , power (physics) , physics , quantum mechanics , politics , law , biology
Compensation may be a methodical approach to providing value to workers in exchange for work accomplished.The compensation policy and the recompense system of an organization are viewed by the employees as pointers of the management's attitude and apprehensiontoward them. A good compensation system should be able to appealto and hold employees, give them animpartial deal, keep the organization modest and motivate employees to perform their best. Theexisting study aim of this research is to study the inclusive compensation policy of the company, identify the various types of compensation provided by the company and recognize the satisfaction level of employees with their Compensation.A total of 101 executives and employees were studied by organized questionnaires. The data were analysed using SPSS software. A Likert type scale was used to evaluate answers erratic from strongly agree to strongly disagree. Validity & reliability test were applied to confirm the suitability of data & authenticity of responses. Non- Parametric tests were used such as Mann-Whitney U and Kruskal-Wallis Htests. This article aims to provide a midway between employers & employees to satisfy their needs of payment and performance as well as create a more positive work atmosphere.