EFFECT OF FRINGE BENEFITS AND REMUNERATION ON EMPLOYEE ENGAGEMENT

Jyoti Singh; Bipin Sule; Jayalekshmi K. R

doi:10.29121/shodhkosh.v5.i6.2024.1764

Authors

Dr. Jyoti Singh Associate Professor, MET's Institute of Management, Bhujbal Knowledge City, Adgaon, Nashik, India
Dr. Bipin Sule Sr. Professor, Vishwakarma Institute of Technology, Pune, India
Dr. Jayalekshmi K. R Assistant Professor, NCRD'S Sterling Institute of Management Studies, Nerul, Navi Mumbai, India

DOI:

https://doi.org/10.29121/shodhkosh.v5.i6.2024.1764

Keywords:

Fringe Benefits, Remuneration, Employee Engagement, Satisfaction, Organizational Management

Abstract [English]

This research paper investigates the impact of fringe benefits and remuneration on employee engagement within organizational settings. Analyzed quantitatively, the Likert-scale-based questionnaire responses of 255 employees were assessed to determine the impact of these factors on employee engagement. The findings reveal a significant association between comprehensive fringe benefit packages and heightened levels of employee satisfaction, motivation, and commitment. Similarly, fair and competitive remuneration emerged as a crucial driver of employee dedication, satisfaction, and motivation within the workplace. The study underscores the pivotal role of both fringe benefits and remuneration in shaping a conducive and engaging work environment, providing valuable insights for organizational management and human resource practices.

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