- Dr. Mina Manjurul Hossain Reza
- Trust University, Barishal, Bangladesh
CBR (compensation, benefits, and recognition) provides fundamental appeal to all workforces in order for them to execute their jobs professionally and effectively, as well as enriching employee motivation. Specifically, the aim of this research is to investigate the relationship between employee compensation, benefits, and recognition and employees’ overall performance, especially in the ready-made garments sector in Bangladesh. According to the hypothesis, these three components contribute to improved employee performance via psychological empowerment and motivation, and this referred to as a moderated-mediation mechanism. Employees’ perceptions of the factors under consideration assessed via a survey using a standardized questionnaire. The participants in this research were employees of the RMG factories of Dhaka division and Chittagong division. The total number of legitimate respondents in this research was 384 people. The SPSS-23 statistical package used to analyze the demographic data, and SmartPLS-3 used to evaluate the hypotheses. For psychological empowerment, the bootstrapping analysis utilized to evaluate the direct, indirect motivation as mediator, and moderation effects of psychological empowerment in a PLS-SEM setting. It has established that compensation has a direct and substantial impact on employee performance in the workplace. According to the findings, the researcher concluded that motivation has a substantial indirect impact on the connection between compensation and employee performance. As a result, the greater the level of psychological empowerment, the stronger the connection between motivation and employee performance, according to the moderator.
