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ABSTRACT
The study addresses the impact that fringe benefits have on the levels of job
satisfaction and engagement of the employees of Galaxy Mining Services. Galaxy is
a global explosives company that serves the mining and construction industries all
over the world. The remuneration of employees differs from country to country within
the organization and this can lead to confrontations when employees compare
remuneration packages amongst one another. To determine the appropriate
compensation for the value of the work becomes even more difficult when dealing
with a global organization. This matter becomes even more complicated when an
organizations boundaries stretch across country borders. The study aims to
compare job satisfaction and engagement of Galaxy employees working in India.
A survey research design was used with a specifically developed questionnaire as
the data gathering instrument. The participants represent the total of all employees
of Galaxy, a global mining services company. Management supported the study and
made
participation
compulsory. A total
of
57
employees
completed
the
questionnaires. Employees from different areas, gender, age, academic levels and
income groups participated. The majority of the respondents were in the age group
36 40 (28.1%). Educational levels revealed that the majority (68.4%) of participants
have a Grade 12 and/or higher qualification.
Because all the questionnaires represented the population and not just a sample,
only a test to determine practical correlation was performed. For the purpose of the
correlation test, the Nonparametric Spearmans correlation coefficient (r) was used.
The statistical analysis indicated a highly important correlation between Job
Satisfaction and Engagement. Thus a high level of job satisfaction will imply a high
level of engagement and vice versa. It has also indicated that Job Satisfaction and
Fringe Benefits shows a low practically significant correlation. The test for correlation
between Job Satisfaction and Remuneration indicated that the level of job
satisfaction an employee experiences in the organization is influenced by his
remuneration package