Effect of Job Rewards on Job Satisfaction, Moderating Role of Age Differences: Emperical Evidence from Pakistan

Abstract

This study explores the relationship between work rewards and job satisfaction with moderating effect of age differences. It is an empirical study and a sample of 84 full time employees of FESCO (Faisalabad Electric Supply Company, Pakistan) was taken. The results of this study reveal that Job rewards are proved to be strong determinant of job satisfaction. Job satisfaction is more related to extrinsic rewards for employees than intrinsic rewards. The Age differences have moderating effect on job satisfaction as it increases with rise in age.

Keywords: Job satisfaction, Intrinsic value, Extrinsic value, Age differences, Pakistan

JEL Classification: MO, M1, J3