5. Discussions and conclusion
Within the shipping industry, a dedicated and motivated workforce is needed to provide excellent services and maintain a competitive advantage. This study has aimed to investigate the effects of organizational motivation factors on job satisfaction and their effects on organizational performance using multiple regression analysis. The main findings, derived from a survey conducted into the container shipping industry in Taiwan, are summarized below. Exploratory factor analysis was conducted to derive four critical factors of the organizational motivation dimension, namely, “remuneration”, “job achievement”, “job security” and “job environment”. Five job satisfaction dimensions was derived, namely, “reward policy”, “work itself”, “job workload”, “skill variety” and “job status”. Two organizational performance dimensions were identified, namely, “financial performance” and “non-financial performance”. The findings are consistent with those reported in previous studies (Parsons and Broadbridge, 2006; Yang et al., 2009; Robbins and Coulter, 2014). Variation in perceived differences of organizational motivation, job satisfaction and performance in terms of years of tenure, firm size and ownership types were analyzed. Results showed that organizational motivation and job satisfaction ratings between different years of tenure differed significantly in “remuneration”, “job achievement”, “job autonomy” and “skill variety”. In terms of firm size, large shipping companies perceived job workload and financial performance as significantly higher than smaller firms. Larger firms are able to achieve greater economies of scale and efficiently utilize their resources to increase their return on assets and experience higher turnover growth rate. Findings showed that foreign-owned firms differ significantly from others in terms of job achievement and job environment, focusing more on employees’ recognition and personal development.