Association between Reward and Employee Motivation: A Case Study Banking Sector of Pakistan

Abstract

This study examines the association between rewards and employee motivation in banking sector of Pakistan. The study is based on primary data and sample Size (N=167) consisted of male and female employees of 19 different banks. Primary data collected by structured questionnaire by using sort of different approaches. Two different hypotheses was developed for the present study and was tested by applying Chi square Test and Regression Test. Significant value is 0.048 of Pearson Chi-square its mean there is association between salary and gender. The correlation between rewards and Employee Motivation is 0.546, which shows the positive relationship between reward and employee motivation. Regression Equation shows that when the reward is made on the basic of Employee point of view; Employee Motivation will increased by 0.527. The results also showed that salary is much important factor for employee motivation as compared to other variable factors like promotion, job security, working condition, appreciation and other benefits.