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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