Monetary Reward and Job Satisfaction in Commercial Banks, Kogi State, Nigeria

Abstract

This research on monetary reward and job satisfaction in Commercial banks in Kogi state is carried out to determine how effective financial reward offer job satisfaction among employees of commercial banks in Kogi State. The research adopts descriptive research survey design. Data were elicited from respondents using a structured questionnaire and data were analysed using a five points likert scale of mean. The hypotheses were tested using a simple linear regression analysis. Findings revealed that there is a significant positive relationship between monetary reward and job satisfaction in Commercial banks in Kogi state. This implies that job satisfaction will lead to high productivity and the techniques of salaries and wages adopted by organization motivate employees for higher performance. The research therefore recommends that employees’ job satisfaction should be vigorously pursued through improved monetary reward using bonus and commission.