Friday, 21 October 2016

Is there any impact of Financial Compensation on Job Satisfaction of Higher Secondary Level teachers? Find it out.

Teachers Financial Compensation

Money and financial benefits is important tool for enhancing organizational performance and sustained competitiveness because the key element for employment relationship and the single greatest operating cost for much organization is compensation. The payment for the work through which employees support their family and money is considered as the reward which is given to employees against work. 

The condition of satisfaction and dissatisfaction of employees depends on their salary because it is organizational responsibility to provide suitable financial rewards like salary to their employees because it has strong influence on employee motivation and retention. All compensation factors include in employee pay and people do effort because they want some rewards in the term of money or promotion which was explained through expectancy theory. 

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