A Study On Compensation Management And Employee Satisfaction

Abstract

This Paper Examines The Relationship Between Compensation Management Practices And Employee Satisfaction At Pondy Hitech Plastics Pvt. Ltd., Mettupalayam. Using A Descriptive Research Design And A Structured Questionnaire Administered To 100 Employees Across Production And Managerial Levels, The Study Analyzes Pay Structure, Incentives, Non-monetary Benefits, And Legal Compliance. Statistical Tools (percentage Analysis, Pearson Correlation, Chi-square, And Multiple Regression) Were Used To Test Relationships. Key Findings Show Moderate Satisfaction With Base Salaries And Strong Appreciation For Non-monetary Benefits (training, Health Insurance, Leave Policies). Significant Dissatisfaction Was Found Regarding Overtime Compensation And Some Incentive Transparency. A Positive Correlation (r ≈ 0.70) Between Perceived Salary Competitiveness And Productivity Motivation Was Observed. Recommendations Include Benchmarking Pay, Improving Overtime Compliance, Increasing Transparency In Incentive Allocation, And Strengthening Non-monetary Reward Programs.

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