The impact of compensation on the job satisfaction of public sector enterprises in Saudi Arabia

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Abstract

This study aims to investigate the impact of compensation on job satisfaction among public sector employees and to pinpoint the effect of financial compensation (salary, incentives, and perks) on job satisfaction. The study was conducted by taking a sample of 105 managers, supervisors, and employees of public/government sector organizations in Saudi Arabia. Questionnaires are employed for data collection purposes and the processing of data SPSS software has been used. The findings of this study demonstrate that salary has a big impact on job satisfaction. Most of the related studies have focused on various internal and external factors related to jobs that influence job satisfaction. In this study compensation, pay, and its impact on job satisfaction are being tried to measure.

Keywords: Salary, Pay, Incentives, Bonus, Benefits, Job Satisfaction

Authors’ individual contribution: Conceptualization — D.P.S., S.P., M.R., and S.R.; Methodology — D.P.S., S.P., M.R., and S.R.; Formal Analysis — D.P.S., S.P., M.R., and S.R.; Investigation — D.P.S., S.P., M.R., and S.R.; Data Curation — D.P.S., S.P., M.R., and S.R.; Writing — Original Draft — D.P.S., S.P., M.R., and S.R.; Writing — Review & Editing — D.P.S., S.P., M.R., and S.R.; Visualization — D.P.S., S.P., M.R., and S.R.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: M12, M51, M52, M54

Received: 02.11.2023
Accepted: 12.01.2024
Published online: 15.01.2024

How to cite this paper: Samontaray, D. P., Panda, S., Rabah, M., & Rani, R. S. (2023). The impact of compensation on the job satisfaction of public sector enterprises in Saudi Arabia. Corporate Ownership & Control, 20(4), 175–186. https://doi.org/10.22495/cocv20i4art13