DOI:
AUTHOR(S)
Mt. Tania Mahzabin, Rawnaq Ara Parvin, Mst. Hosne Ara Begum and Maimuna Ruha
ABSTRACT
This study investigates employee benefits and compensation within a “Muslim Cosmetic and Herbal Care Company” in Rajshahi, Bangladesh, focusing on its impact on employee benefits and compensation structure on the well-being, motivation, and performance of permanent workers within the company. Utilizing exploratory methods including in-depth interviews, informal meetings, Focus Group Discussion (FGD) and spot observations with 40 permanent workers that were selected through systematic sampling, the research reveals several key findings. A significant majority of employees are female (82.5%) and young (45% aged 15-24), belonging to the upper lower-class (100%) and primarily living in rented houses (80%). The study highlights challenge in employee relations, with 42.5% reporting neutral communication with owners and 45% indicating a low trust level. Furthermore, 60% of employees feel their compensation does not align with their workload and responsibilities, and 57.5% report a worsening socio-economic status since joining the company. A substantial 60% of respondents frequently experience stress or burnout due to the work environment, and 57.5% believe their remuneration has no effect on their motivation to perform better. Despite these issues, 100% of respondents stated that the company offers incentives for excellent performance, and 70% believe better remuneration would likely improve their performance. The findings suggest a need for improved compensation structures, communication, and work environments to enhance employee well-being and productivity within such companies.
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