Naslov (eng)

Compensation Factors and their Impact on Job Satisfaction: Analysis of Salaries, Benefits, and Rewards

Autor

Stefanović, Dragana
Vapa Tankosić, Jelena
Gardašević, Jovana
Mirkov, Milovan

Opis (eng)

Abstract: Job satisfaction is an important factor in the success of modern organizations, directly influencing employee motivation, productivity and loyalty. This paper explores the main components of compensation: salaries, benefits and rewards, as central elements of strategies used to motivate employees. While salary plays a vital psychological and social role, it alone is not enough to ensure high job satisfaction. In the current business environment, perceptions of fairness and competitiveness have become equally important in shaping how employees view their work. Material and non-material benefits enhance work quality and help maintain a balance between professional and personal life. The reward system, treated separately in this analysis, includes recognition, bonuses, personal development opportunities, and other motivational tools. Most research confirms a positive correlation between compensation systems and job satisfaction, although some findings highlight limited or neutral effects under certain conditions. Based on the findings, it is concluded that modern compensation approaches should go beyond offering competitive pay and attractive benefits. A comprehensive reward system, tailored to individual needs and values, is essential for sustaining long-term satisfaction and reducing employee turnover.

Jezik

engleski

Datum

2025

Licenca

Ovo delo je licencirano pod uslovima licence
Creative Commons CC BY 4.0 - Creative Commons Autorstvo 4.0 International License.

http://creativecommons.org/licenses/by/4.0/legalcode

Predmet

Keywords: Job satisfaction; compensation factors; salary; benefits; rewards

Deo kolekcije (1)

o:1600

Radovi profesora i saradnika Fakulteta za ekonomiju i inženjerski menadžment