DO MONETARY REWARD AND JOB SATISFACTION INFLUENCE EMPLOYEE PERFORMANCE? EVIDENCE FROM MALAYSIA
Journal Title: European Journal of Business and Social Sciences - Year 2015, Vol 3, Issue 11
Abstract
This quantitative study investigated the direct effect of monetary motivation on employees’ job performance and mediating effect of job satisfaction on the relationship between monetary motivation and employees’ job performance at oil and gas offshore production facilities in Malaysia. Data were collected using selfadministered survey questionnaire from convenience-sampled 341 employees of selected oil and gas companies in Malaysia. Data analyses were performed using the Statistical Product and Service Solution 21. The results of regression analysis and Sobel’s calculation showed that, at the .05 level, there was a significant direct effect of monetary motivation on employees’ job performance, and job satisfaction partially mediated the relationship between monetary motivation and employees’ job performance. The results of this study could assist employers and human resource managers in the development and implementation of their remuneration policy and strategy.
Authors and Affiliations
Mak Met| Asia eUniversity, Dataran Kewangan Darul Takaful, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur, Malaysia Phone: +6012 804 2782 (mobile); +6085 45 2437 (office) Email: mak.met@hotmail.co.uk, Dr. Ibrahim Ali| Asia eUniversity, Dataran Kewangan Darul Takaful, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur, Malaysia Phone: +6019 2732600 (mobile) Email: ibrahimalidr@gmail.com, Dr. Juhary Ali| Asia eUniversity, Dataran Kewangan Darul Takaful, No. 4, Jalan Sultan Sulaiman, 50000 Kuala Lumpur, Malaysia Phone: +60134214706 (mobile) Email: juhari.ali@aeu.edu.my aDoctoral student, Asia eUniversity, Kuala Lumpur, Malaysia bAdjunct Professor, Asia eUniversity, Kuala Lumpur, Malaysia cProfessor, Dean School of Management, Asia eUniversity, Kuala Lumpur, Malaysia
Keywords
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