Global Journal of Business Management

Global Journal of Business Management ISSN 6731-4538 Vol. 6 (1), pp. 001-009, January, 2012. © International Scholars Journals

Full Length Research Paper

Effect of job rewards on job satisfaction, moderating role of age differences: An empirical evidence from Pakistan

Muhammed zia Ur Rehman*, Muhammad Riaz Khan, Ziauddin and Javed Ali Lashari

International Islamic University, Islamabad, Pakistan.

Accepted 12 September, 2011

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.

Key words: Job satisfaction, intrinsic value, extrinsic value, age differences, Pakistan.