Abstract:
Purpose
Employees are basic pillar for any organization so it is very important point for organization to
understand the intrinsic and extrinsic reward’s impact on their employee’s satisfaction level. The
aim of this research is to analyze the impact of rewards that are extrinsic and intrinsic on job
satisfaction of employees.
Methodology
It was a quantitative research and an explanatory study. Closed ended questionnaire based on
likert scale were used to gather data. The banking sector of Karachi was focused in this and
particularly top 3 private banks and sample size was 356 respondents who work in top 3 banks of
Pakistan.
Conclusion
This result of this research shows that intrinsic and extrinsic reward effect immensely in
satisfaction of the employees. It concludes that the employees felt that both of these factors
important for their job satisfaction. Satisfied workers are the real assets for any organization they
produce more and are more loyal with the organization, the study recommends that the
organization must focus on continual improvement in their compensation and benefits plan and
they should take few steps to acknowledge their employee efforts. If the employees are satisfied
then company can achieve their goals and objectives.
