A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments

A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments

Due to the changes in the general business environment, new developments and revisions to existing benefits programs have occurred. The three key factors affecting benefits offering are shifts in workforce compositions, new legislation, and the rising cost of medical care. The significant changes to...

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Main Author: Ruhayah, Che Nik
Format: Thesis
Language:eng
eng
Published: 2013
Subjects:
HF5549-5549.5 Personnel Management
Employment
Online Access:https://etd.uum.edu.my/5105/1/s809164.pdf
https://etd.uum.edu.my/5105/2/s809164_abstract.pdf
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id my-uum-etd.5105
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Azizan, Norizan
topic HF5549-5549.5 Personnel Management
Employment
spellingShingle HF5549-5549.5 Personnel Management
Employment
Ruhayah, Che Nik
A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments
description Due to the changes in the general business environment, new developments and revisions to existing benefits programs have occurred. The three key factors affecting benefits offering are shifts in workforce compositions, new legislation, and the rising cost of medical care. The significant changes to the composition of workforce are due to the increasing participation of women, the increasing proportion of dual-income families and the arrival of the new generation into the labour force. The passing of the new legislation has also placed additional pressure for employers to enhance their benefits programs for example the American Disability Act 1990. The overall rising health care costs has also translated to higher contributions to employers and has forced them to be more innovative in strategizing the employee benefits plans to tackle the rising health care costs. Hence, the objectives of the study were to examine the level of current rewards satisfaction amongst PETRONAS employees and to analyse the difference of benefits preferences by age, gender, and category of employees. The reward satisfaction is measured based on five items i.e. pay level, raises level, benefits level, administration and structure level and training & development. A total of 300 respondents from Petroleum Engineering and Exploration Departments, PETRONAS Carigali Sdn Bhd were randomly selected as sample of the study and data was analysed using “Statistical Package for Social Science” (SPSS Window) Version 20.0. The tests involved are Pearson Correlation Coefficient, Multiple Regression, etc. The results of the findings demonstrated that current benefits plan has the strong relationship with rewards satisfaction, and there are different preferences of benefits based on age, gender and category of employees. Hence the findings showed that PETRONAS employees are satisfied with the current benefits scheme provided to them
format Thesis
qualification_name masters
qualification_level Master's degree
author Ruhayah, Che Nik
author_facet Ruhayah, Che Nik
author_sort Ruhayah, Che Nik
title A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments
title_short A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments
title_full A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments
title_fullStr A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments
title_full_unstemmed A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments
title_sort study on rewards satisfaction amongst employees at petronas exploration and petroleum engineering departments
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2013
url https://etd.uum.edu.my/5105/1/s809164.pdf
https://etd.uum.edu.my/5105/2/s809164_abstract.pdf
_version_ 1747827863048945664
spelling my-uum-etd.51052016-04-18T02:31:28Z A study on rewards satisfaction amongst employees at Petronas Exploration and Petroleum Engineering Departments 2013 Ruhayah, Che Nik Azizan, Norizan Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HF5549-5549.5 Personnel Management. Employment Due to the changes in the general business environment, new developments and revisions to existing benefits programs have occurred. The three key factors affecting benefits offering are shifts in workforce compositions, new legislation, and the rising cost of medical care. The significant changes to the composition of workforce are due to the increasing participation of women, the increasing proportion of dual-income families and the arrival of the new generation into the labour force. The passing of the new legislation has also placed additional pressure for employers to enhance their benefits programs for example the American Disability Act 1990. The overall rising health care costs has also translated to higher contributions to employers and has forced them to be more innovative in strategizing the employee benefits plans to tackle the rising health care costs. Hence, the objectives of the study were to examine the level of current rewards satisfaction amongst PETRONAS employees and to analyse the difference of benefits preferences by age, gender, and category of employees. The reward satisfaction is measured based on five items i.e. pay level, raises level, benefits level, administration and structure level and training & development. A total of 300 respondents from Petroleum Engineering and Exploration Departments, PETRONAS Carigali Sdn Bhd were randomly selected as sample of the study and data was analysed using “Statistical Package for Social Science” (SPSS Window) Version 20.0. The tests involved are Pearson Correlation Coefficient, Multiple Regression, etc. The results of the findings demonstrated that current benefits plan has the strong relationship with rewards satisfaction, and there are different preferences of benefits based on age, gender and category of employees. Hence the findings showed that PETRONAS employees are satisfied with the current benefits scheme provided to them 2013 Thesis https://etd.uum.edu.my/5105/ https://etd.uum.edu.my/5105/1/s809164.pdf text eng validuser https://etd.uum.edu.my/5105/2/s809164_abstract.pdf text eng public masters masters Universiti Utara Malaysia Ashen, F. Z. (1997). Employee Benefits as a Strategic Issue. Journal of Compensation and Benefits 12 (4): 29-33. Asia Pacific Benefits Trend Survey. (2013). Optimising Benefits of Competitive Advantage, June. Retrieved October 12, 2013, from www.towerswatson.com. Barber, E. A., Dunham, R. B. & Formisano, R. A. (2006). 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