A STUDY OF THE IMPRESSION OF REWARDS AND RECOGNITION ON EMPLOYEE JOB SATISFACTION: A CASE STUDY OF MYANMAR ZARLAYATHA DISTRIBUTION COMPANY
Authors: Naw Phyu Zar Thwin, Amiya Bhaumik, Midhunchakkaravarthy
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Among all the resources an organization owns, human resources play the most critical role. To make a successful organization, management has to commit to continuously satisfying employees. Satisfied employees take risks, think creatively, and care about customers’ satisfaction for achieving organizational goals. The study's primary goal was to look at how rewards and recognition affect job satisfaction among employees of Zalaryathar distribution Co., Ltd. The analysis of the research results was analysis on various theories from the ground of Human Resource Management. In order to determine the degree of employee job satisfaction, the study looked at the impact of extrinsic rewards like income, bonus, promotion, and commission. Additionally, the study looked at how intrinsic rewards like appreciation and recognition affect how satisfied employees are at their jobs. The study adopted a descriptive research survey. For this research study, a sample size of 250 employees has been selected, which represents 20% of the total population. The data for this study were collected primarily through close-ended questionnaires. In this study, Stratified random sampling has to be utilized for administering with and examining the groups within the population. In detail, disproportionate to using Stratified random sampling to pick the employees, top management, middle management, and first-line management because some startups are small. Theoretical and managerial implications, recommendations, and limitations for future research have to be further research references. In this study, data were running with SPSS (Statistical Package for Social Sciences) version 20 for data operation and study. Correlation analysis brings forward to explore the most significant factors which affect the employee’s job satisfaction. The study examines those rewards and recognition had a positive correlation with employee job satisfaction of Zalaryathar distribution company. The study suggests that organizations can achieve their objectives and mission through employee job satisfaction with effective reward and recognition systems.