Influence of Reward Systems on Employee's Job Satisfaction in Private Organizations: A Case of Bidco Uganda Ltd, Jinja

Abstract

The study was an investigation on the effects of Reward systems and employee job satisfaction at Bidco Uganda ltd. The specific objectives of this study were to establish the reasons why reward systems should be managed at Bidco, to find out the influence of reward systems on employees job satisfaction and to find out how reward systems can be managed at Bidco Uganda ltd. The existing literature present issues, concerning rewards, measures of reward systems, and most authors agree that the dimensions of Reward fundamentally affect employee job satisfaction even if others dispute the same. The study used cross sectional research by the use of both qualitative and quantitative methods of research. Cross sectional studies can be thought of providing a "snapshot'' of the frequency and characteristics of an aspect in a population at a particular point in time. A cross-sectional study is the simplest variety of descriptive or observational epidemiology that can be conducted on representative samples of a population. Descriptive design was used in this study were a total of 350 respondents selected from the study area of Bid co Uganda ltd was used. This size of the respondents consisted of; 25 administrators, 20 from the health sectors and 305 were from casual labours using purposive sampling. However, employees were selected at random. Those who were willing to participate took part in the study and were given questionnaires to till in while others were interviewed. The results of the study revealed that motivation is one reason for reward management by 40%, !8% is by commitment of employees, reduction of conflicts 15%, and 27% by attraction of skill. Reward systems affect the employee job satisfaction 86% and therefore, the reward system should be improved. Lastly the study recommended that since Reward systems are related to employee satisfaction: The Organizations need to have both intrinsic and extrinsic rewards system at work place so that it can increase employee satisfactions in Bidco Uganda Ltd. More so. due to the outcome of the study, the researcher recommended that further research can be clone in private organisations.