Impact of Salary and Ranks on Job Satisfaction: Examining the Role of Perceived Fairness in Banking Sector of Pakistan

Abstract

Current study is first of its kind in the context of public sector banking. The study examines the relationship between salary, promotions and job satisfaction. This study tests the relationship by assuming that Perceived Fairness plays moderating role between the relationship of salary, promotion and job satisfaction. The study draws on convenience i.e. non probability sample of 360 Individuals in a cross sectional manner. The data was collected through self-administered questionnaire from the employees of public sector banks of Pakistan where the dire need of examining perceived fairness was identified due to which employees Job Satisfaction is low. The data was analyzed through SAS software. Results show that that there is positive significant relationship between Salary, Promotions and Job satisfaction. Moreover, Perceived Organizational Fairness plays moderating role between the relationship of Salary and Job Satisfaction. Findings of the current study pave the way for future research using evidence from an under-researched context and region i.e. Pakistan.