Indian Journal of Science and Technology

Abstract

Objectives: Each corporation has to retain competent employees and their survival is essential in the present scenario of competition nationally and internationally. This study aimed to identify the impact of various competency driven factors towards the satisfaction level of IT professionals. Methods/Analysis: The present study was conducted with the 100 employees of leading IT service providers. The primary data were collected from IT professionals through the distribution of a pre-tested research questionnaire. The data collection was undertaken between March 2015 and April 2015. Findings: The findings pointed out that level of pay satisfaction among employees may be improved by evaluating performances based on various performance rating measures. It is expected that employee performance level, motivation level and level of satisfaction may increase when the factors of competency pay expected by the employee are satisfied. Applications/Improvement: The present study enhances the understanding of connection between pay variable system and the satisfaction level of employees which in turn determines the employee performance on the job.
Keywords: Competency Pay, Employee Performance, IT Professionals, Pay Structure Variable Pay