Abstract:
Banking sector in Pakistan has shown a marvelous growth even in bad economic conditions. As
employees are considered the most important strength of each and every organization, therefore
employees working in this sector too are the main driving force that are responsible for the rapid
growth and extra ordinary performance of this sector. The satisfaction level of these employees
should be given an extreme importance. The satisfied employees contribute more effectively
towards the success of organization. Effective reward package is important to increase the level
of satisfaction of employees.
The important objective of my research is to find out the influence of intrinsic and extrinsic
rewards on satisfaction level of employees while working in banking sector of Karachi.
Information is collected with the help of a questionnaire from a sample of 250 employees who
work in different banks of Karachi. Version 19 of SPSS is used for an appropriate examination
of data. The findings of Pearson Correlation tells us the relationship between different variables
while the calculation of the strength between satisfaction level of employees at job (dependant
variable) and intrinsic, extrinsic (independent variables) occurs with the help of application of
multiple regression as in the model there is an existence of more than one variable which is
independent. The findings of the study disclosed that rewards of intrinsic and extrinsic nature
both have a positive as well as significant association with job satisfaction of employees, but the
value of relationship between extrinsic rewards and job satisfaction is high as compared to value
of relationship between intrinsic rewards and job satisfaction. As a result job satisfaction of
employees who work in banking sector of Karachi seem to be more associated with rewards of
extrinsic nature as compared to rewards of intrinsic nature.
