Effect Of Reward On Employees Job Satisfaction. A Study On Case Of Nib Insurance Company

The main objective of study investigates the effect of Extrinsic and Intrinsic reward on employees’ satisfaction in Nib Insurance Company. Data was collected by use of structured questionnaire; 180 questionnaires were distributed among the employees that was drawn from a stratified sampling method from a population of 409 employees of Nib Insurance Company and 170 of questionnaires were completed returned for response rate of 94%. The study used both descriptive statistics (frequencies, mean, and percentages) and inferential statistics to answer the research questions posed for the study. The data was analysed using Statistical Package for the Social Sciences (SPSS). The finding shows that more than half of respondents express their overall job dissatisfaction. Moreover employees perceive that they do too much work for small pay and they feel that other organization in the insurance industry pay more than they earn for the job that require the same qualification. Therefore employee perception of inequity is high. Which implies the availability of high turnover . In general the results predicted that there exists a positive and significant relation among extrinsic and intrinsic rewards and job satisfaction. Therefore Nib Insurance Company should invest in the long term goal of employees and learn to balance their interest to earn a higher profit with those of its employees

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