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Rewarding Systems and Their Impact on Employees' Performance: Reward and Employee Productivity,Used
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At present work environment, employees require competent and equitable reward that fit with their effort. In return, they will be able to put their utmost potential to achieve companys mission. The motive behind conducting this study is to identify rewarding systems and their impact on employees performance. The findings of the study clearly show that different rewarding systems positively affect employees performance. In addition, the company works more on monetary rewards but the availability and provision of nonmonetary rewards were found to be poor. To boost employees morale and performance, the company should plan its rewarding systems based on different demographic variables and it should adopt effective implementation of different nonmonetary rewarding systems. Moreover, it should consider the impact of rewards given at individual, team and organizational level. Finally, the findings this book is helpful for the company, policy makers and academicians who want conduct similar study.
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