NON-FINANCIAL REWARDS AND JOB SATISFACTION OF ADMINISTRATIVE OFFICERS OF THE UNIVERSITY OF SRI JAYEWARDENEPURA, SRI LANKA

Abstract

Some people love their work because it is interesting and provides them with psychological satisfaction too, more than money. There are many contemporary research studies supporting the effectiveness of non-financial rewards as a motivation tool for employee job satisfaction. This study also will try to shed light on this issue and aims to demonstrate whether there is a significant relationship between non-financial rewards and job satisfaction of the Administrative officersin the University of Sri Jayewardenepura. Non-financial motivators such as Achievement, Advancement, Recognition and Responsibility were identified based on the literature. A census survey was conducted among all Administrative officers using a questionnaire to collect primary data and Correlation and Regression analyses were used to analyse them. Results show that non-financial motivators successfully predict job satisfaction. 72% of the variation in job satisfaction is explained by non-financial rewards. Responsibility is the most important non-financial reward which affects their job satisfaction while Recognition and Advancement are respectively significant for job satisfaction.