A study on the impact of monetary benefits on employee job satisfaction in private schools

Employee plays very important role for an organization. New strategies and technology is used by the organization. With all around the development it is important to give the economic benefits to the employee.

The questionnaire validity and reliability validated by Cornbach’s alpha. The present study is based on the pervious literature review factor with the help of this literature review structured questionnaire was developed.

There is positive relationship between the salary and job satisfaction.

With the help of Amos 23, the study found that Salary and compensation showing the positive relation with job satisfaction and retention. The study was conducted in north region of Punjab and 50 respondent selective with the help of random sampling technique.

To retain the skilled employee is the biggest challenge for an organization. Keeping the importance retention organization must have to factor consideration financial incentives, Supportive leadership, Environment and available facilities, Professional recognition, Performance appraisal, Organisational Commitments.