o:8181 Compensation Factors and their Impact on Job Satisfaction: Analysis of Salaries, Benefits, and Rewards en Abstract: Job satisfaction is an important factor in the success of modern organizations, directly influencing employee motivation, productivity and loyalty. This paper explores the main components of compensation: salaries, benefits and rewards, as central elements of strategies used to motivate employees. While salary plays a vital psychological and social role, it alone is not enough to ensure high job satisfaction. In the current business environment, perceptions of fairness and competitiveness have become equally important in shaping how employees view their work. Material and non-material benefits enhance work quality and help maintain a balance between professional and personal life. The reward system, treated separately in this analysis, includes recognition, bonuses, personal development opportunities, and other motivational tools. Most research confirms a positive correlation between compensation systems and job satisfaction, although some findings highlight limited or neutral effects under certain conditions. Based on the findings, it is concluded that modern compensation approaches should go beyond offering competitive pay and attractive benefits. A comprehensive reward system, tailored to individual needs and values, is essential for sustaining long-term satisfaction and reducing employee turnover. Keywords: Job satisfaction; compensation factors; salary; benefits; rewards 1552099 10.55817/LADF7307 2025-09-01T08:01:28.060Z 44 yes 46 Dragana Stefanović Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu 0009-0000-8865-8816 Jelena Vapa Tankosić Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu person 0000-0001-8062-1154 Jovana Gardašević Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu person 0000-0002-3239-2083 Milovan Mirkov person 2025 application/pdf 399591 https://unilib.phaidrabg.rs/o:8181 no yes 16 70 1552253 2025 Journal of Agronomy, Technology and Engineering Management 8 4 1630 1640 2025