Influence of Compensation on Job Satisfaction: A Study of Public and Private Sector Employees in the Solar Energy Sector of Uttar Pradesh

Abstract

The study investigates the influence of compensation on job satisfaction among employees in the solar energy sector of Uttar Pradesh, encompassing both public and private sector companies. A descriptive and analytical research design was employed and data were collected from 120 employees (60 from public and 60 from private sector companies) through a structured questionnaire based on a five-point Likert scale. Statistical tools such as Cronbach’s Alpha, Correlation Analysis, and Independent Sample t-Test were used to test the reliability, relationships, and differences among variables. The findings revealed a positive relationship between compensation and job satisfaction, indicating that fair and competitive compensation enhances employee job satisfaction levels. However, differences were observed between public and private sector employees regarding their job satisfaction in context to their compensation practices wherein private sector employees reported higher job satisfaction than those of public sector employees The findings emphasize the importance of fair and performance-based compensation practices in enhancing employee satisfaction and retention within the solar energy sector of Uttar Pradesh.