The Impact of Financial and Non- Financial Incentives on Job Satisfaction

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The Impact of Financial and Non- Financial Incentives on Job Satisfaction: An Examination of
Retail Industry in Australia

1. CHAPTER 1: INTRODUCTION

1.1 Introduction

Implementing practices that improve job satisfaction is the main function of human
resource management. Employees must be motivated through financial and non- financial
rewards in order to perform and be satisfied in their jobs. Unavailability of financial and non-
financial incentives results in high levels of job dissatisfaction and eventual low productivity and
performance levels of employees. The benefits employees foresee for themselves and their
families motivate them to give their best. Rewarding is one of the main strategies used by
managers to motivate their employees. Rewards can be in terms of monetary or non- monetary.
Therefore, the main purpose of this study is to determine the impacts of financial and non-
financial rewards on job satisfaction.

Category:

Description

Assignment 3: Evaluation of Research
Methods

1. Find a current business problem, preferably in your
discipline area, that requires research to understand and
solve. You may use business articles such as the Financial
Times, Financial Review, Business Review Weekly, Harvard
Business Review etc. to identify an issue. The Impact of Financial and Non- Financial Incentives on Job Satisfaction.

The problem can be anything that interests you. Find
academic articles that discuss the problem and write up the
literature review drawing on these. You will be aiming to
explain the problem, what do the researchers authors say
about it? What are the causes? Effects? Did they conduct
primary research? Research Method? What are the
findings? How do these compare to those discussed in other
articles? Limitations? Do they suggest directions for future
research? The Impact of Financial and Non- Financial Incentives on Job Satisfaction.

2. Analyse the problem and develop
propositions/hypotheses that need to be
examined to address the problem. The Impact of Financial and Non- Financial Incentives on Job Satisfaction.

Based on the literature review and the
suggestions for future research, can you
identify propositions (more general) or
specific hypotheses for a new study that are
supported by the literature i.e. you have good
reasons for the Ps.

3. Evaluate a range of research methods and
choose the approach that is best suited to the
situation and justify why you have chosen this. The Impact of Financial and Non- Financial Incentives on Job Satisfaction.

Make a suitable suggestion for research based
on your analysis and evaluation of the
research methods discussed in your literature

4. Develop a research action plan that details
and explains the steps to be taken at each
stage of the research process. The Impact of Financial and Non- Financial Incentives on Job Satisfaction.

You can develop a plan steps 1-10 or put it
into a diagram.

5. Your report should examine the
importance of rigorous research and its
application to industry. Length 1500-2000
words. The Impact of Financial and Non- Financial Incentives on Job Satisfaction.

You can discuss this point in the conclusion.

Report structure (standard)

Abstract

Introduction

Literature review

Method

Findings

Discussion

Conclusions, Recommendations and Limitations

References

Appendices

Note: The appendices should not be so extensive they
“outweigh” the main body! The Impact of Financial and Non- Financial Incentives on Job Satisfaction.

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The Impact of Financial and Non- Financial Incentives on Job Satisfaction: An Examination of
Retail Industry in Australia 2

1. CHAPTER 1: INTRODUCTION

1.1 Introduction

Implementing practices that improve job satisfaction is the main function of human
resource management. Employees must be motivated through financial and non- financial
rewards in order to perform and be satisfied in their jobs. Unavailability of financial and non-
financial incentives results in high levels of job dissatisfaction and eventual low productivity and
performance levels of employees. The benefits employees foresee for themselves and their
families motivate them to give their best. Rewarding is one of the main strategies used by
managers to motivate their employees. Rewards can be in terms of monetary or non- monetary.
Therefore, the main purpose of this study is to determine the impacts of financial and non-
financial rewards on job satisfaction….

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