THE INFLUENCE OF EMPLOYEE MOTIVATION FACTORS ON JOB SATISFACTION IN MINING COMPANIES

The paper analyses the relations and influence of employee motivation factors on job satisfaction in mining companies. The empirical study was conducted among the two largest mining companies in the Republic of Serbia. The sample consisted of 200 respondents employed in the selected companies. The data were processed using SPSS 21.0. Package, which was applied in order to conduct standard multiple regression analysis and determine the Pearson correlation coefficient. The results indicate a significant correlation between motivation factors and job satisfaction among the employees. In addition, the findings imply that motivation factors, such as nonmaterial motivators related to work (NMW) and material motivators (MAT), have a significant influence on satisfaction. The research has theoretical contribution regarding the limited studies exploring the motivation of employees in the mining sector. In practice, the study provides significant insight into designing motivation systems to improve the effectiveness of human resources management in mining companies. Bearing in mind that the business success of mining companies strongly affects the country's economy, this research has greater importance and broader perspective.