[01] Rizwan Qaiser Danish, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan. [02] Ahmad Usman Shahid, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan. [03] Nauman Aslam, Hailey College of Commerce, University of the Punjab, Lahore, Pakistan. [04] Ameer Ali, Government Islamia College, Civil Lines, Lahore, Pakistan.

Job is the most important part of life for career growth and financial soundness of a person. If one person is dissatisfied with the job then he is unable to set any goals and objectives in his professional career. Job Stress diminishes the performance and effectiveness of the employees at the workplace. The purpose of this study is to examine the impact of pay satisfaction and job stress over job satisfaction among the managers and employees working in different industrial sectors (Ceramics, Cutlery, Plastic, Paints, Electronics, Poultry, and Crockery etc.) of Gujranwala, Pakistan. Questionnaire was used to collect the information from employees, managerial as well as non managerial. Overall 200 questionnaires were distributed among which 180 were received which were useable for a response rate of 90 %. SPSS 17.0 was used to analyze the data. The impact of pay satisfaction and job stress over job satisfaction is 26.9%. About 11.1% variation in job satisfaction was due to the job stress and of about 47.8% variation in job satisfaction was due to the pay satisfaction. Results concluded that pay is very important for job satisfaction while job stress negatively associated with job satisfaction. No doubt stress has a great negative effect on job satisfaction but if employees get handsome income or pay, it can reduce the bad effect of stress.

Pay Satisfaction, Job Stress and Job Satisfaction, Pakistan

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