SATISFACTION

REWARD SYSTEM AND JOB SATISFACTION

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Abstract
This study examined the effect of reward systems on employee job satisfaction in 7Up Bottling Company, Benin City. Reward systems are widely acknowledged as critical components of human resource management that influence employee motivation, commitment, and overall performance. The main objectives of the study were to examine the effect of employees reward system and their job satisfaction. A survey research design was adopted, and structured questionnaires were administered to 125 employees of 7Up Bottling Company using a purposive sampling technique. Data were analysed using descriptive statistics, Pearson correlation, and multiple regression analysis. The results revealed that performance-based incentives (B = 0.117, p = 0.255), immediate recognition (B = 0.062, p = 0.568), and work–life balance (B = 0.053, p = 0.645) had positive but statistically insignificant effects on job satisfaction, while career development opportunities (B = –0.160, p = 0.079) showed a negative and statistically insignificant effect. The regression model (R = 0.197, R² = 0.039, F = 1.206, p = 0.312) indicated that the independent variables collectively explained about 3.9% of the variance in job satisfaction, suggesting a weak overall model fit. The study concludes that although the reward components are perceived positively by employees, they do not significantly influence job satisfaction within the organisation. It recommends that management should improve the structure and implementation of reward systems by ensuring fairness, transparency, and strong linkage between rewards and employee performance, career growth, to enhance satisfaction and employees retention within the workforce.
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