Determinants of Selected Compensation Management on Employees’ Satisfaction of Heavy Machinery Companies in Mandalay

Announcing:

Maung, Wah Wah and John Walsh, “Determinants of Selected Compensation Management on Employees’ Satisfaction of Heavy Machinery Companies in Mandalay,” Recent Issues in Human Resource Management, Vol.1, No.1 (December, 2016), pp.1-25, available at: http://crcltd.org/images/Determinants%20of%20Selected%20Compensation%20Management%20on%20Employees%E2%80%99%20Satisfaction%20of%20Heavy%20Machinery%20Companies%20in%20Mandalay.pdf.

Abstract:

The main objective of this research is to study the relationship between compensation management and employee satisfaction in the heavy machinery companies. There are 95 sets of questionnaires were prepared and distributed to the targeted respondents who are working in the heavy machinery companies of the Mandalay. Human resources are the pivot of organizational effectiveness and the greatest asset that an organization can possess. The retention of skillful and well equipped workforce in an organization is pertinent to the growth and overall performance of an organization. The satisfied employees’ surely contribute to the organization to achieve its competitive advantage over its competitors. After that, the PSPP software was used to examine those data which were collected and also to generate the final result. The result shows that, there are significant correlations between employee satisfaction with the other four independent variables (basic salary, incentives, leave system, and promotion opportunities). The major findings, limitations for the study, implications of the study and recommendations of this study will be discussed. Keywords: Compensation, Employee Job Satisfaction

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