RESEARCH REPORT

1

1. Introduction: (Chapter I)

In this report researchers have tried to explain the effects of monetary and non-monetary benefits on employee loyalty and turnover intention towards the business organization for this purpose researchers have taken the employees of Nestle (Water) Pakistan they participated voluntarily and independently in our questionnaire survey.

1.1 Introduction of Variables:

For research purposes researchers have taken the ‘Monetary and non-Monetary Benefits’ as “Independent Variables” whereas ‘Employee loyalty and ‘Employee turnover intention’ as “Dependent variables”

1.2 Conceptual Framework:

“Effects of

Monetary and Non-

monetary

Benefits on

Employee

Loyalty and

Turnover

Prepared By,(4th

Semester)

Waleed Anjum

M12MBA013

M. Asif Mehmood

M12MBA034

Mohsin Iqbal

M12MBA059

Asim MehmoodMonetary Benefits

Employee Loyalty

Turnover Intention

RESEARCH REPORT

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1.3 Measurements: (Citations)The Research questionnaire included the questions regarding the concept of ‘monetary benefits’ from Article of ‘Acceptance of monetary rewards on open source software development’ By ‘Sandeep Krishnamurthy, Shaosong Ou Arvid K.Tripathi’ in (2013) which were as follows;

a. Performance Bonuses b. Gratuity Fundc. From for-Profit Organizationd. From Non-Profit Organization

For the Concept of ‘Non-Monetary Benefits’ Article of ‘Relationship of Non-monetary incentives, job satisfaction and employee job performance’ By ‘Alkhaliel Adeeb Abdullah’ in (2013) the questions were as follows;

ORGANIZATIONAL BENEFITS:a. Medical Aid Benefits b. Cell phone benefitsc. Fuel Benefits WORK PERFORMANCE RECOGNITION AND INVOLVEMENT:a. Full Appreciation of work doneb. Feeling of being well informedc. Freedom to plan and work independentlyd. Participation in goal Setting CAREER DEVELOPMENT MANAGEMENT AND COACHING:a. Job Rotation b. Internshipsc. Overseas Assignmentsd. Succession Planninge. Leadership Training WORK LIFE BALANCE:a. Flexible working hoursb. Alternate Work Sites/ Work at home c. Employee wellness and health Programsd. Paid maternity leave WORK ENVIRONMENT:a. Good working Conditions (Cleanliness, Temperature, Lighting)b. Eating and Smoking Facilities c. Parking Availability LEARNING OPPORTUNITIES:

“Effects of

Monetary and Non-

monetary

Benefits on

Employee

Loyalty and

Turnover

Prepared By,(4th

Semester)

Waleed Anjum

M12MBA013

M. Asif Mehmood

M12MBA034

Mohsin Iqbal

M12MBA059

Asim Mehmood

Non-monetary Benefits

RESEARCH REPORT

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a. Scholarshipsb. Full Time/Part time Study reimbursement c. Company in-house Training and development d. Overseas Seminars/ Conferences Attendance

For the Concept of ‘Employee Loyalty’ Article of ‘Employee loyalty in Hungarian Hotels’ By ‘Elizabeth M Ineson, Eszter Benhe’ in (2013) the questions were as follows;

COMMITMENT TO PEERS, MANAGERS AND COMPANY:a. I Enjoy good communication with my managersb. I respect my Head of departmentc. I enjoy good communication with my peersd. I am proud of my Companye. I think of the work Place my second home and peers as my family JOB CONDITIONS:a. I receive good training from this Company b. There are opportunities for skill development in my jobc. Working hours are suitable to me d. The job is varied; Each day is differente. I have job security PERSONAL BENEFITS:a. The benefits offered are goodb. The Salary offered is goodc. The job is fun SERVICE ELEMENT AND LOCATION:a. I like providing good services to customersb. I get personal satisfaction from my jobc. Location of workplace is convenient to me CAREER AND STATUS:a. My job is highly respected in industryb. My job is highly respected in societyc. I have a career path planned for me

For the Concept of ‘Employee Turnover Intention’ Article of ‘Career growth Opportunities and employee turnover intention in public accounting firms’ By ‘Hossein Nouri, Robert J parker’ in (2012) the questions were as follows;

a. Barring foreseen circumstances, I intend to stay with my current job b. I plan to remain with my current job for at least a few yearsc. For the foreseeable future, I plan to stay with my current job

2. Presentation of Results: (Chapter II)

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The purpose of this Chapter is to present the results which were obtained through implication of various Statistical Techniques.

2.1 Response Rate:The Response Rate was as follows;

Questionnaire Sent Failed Responses Responses Received Response Rate

40 2 38 95% Researchers sent 40 questionnaires to selected employees of Nestle Pakistan and a total of 38