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By puwanenthiren pratheepkanth.
Reward system for employees journal. Double blind peer reviewed international research journal publisher. It seeks to attract and retain suitable employees encourage good management employee relationship and commitment and minimizes tension and conflict as it deals with all forms of final returns tangible service and mechanism for good relationship. Organizations must learn to align reward policies and types in line with employee s aspirations in other to maximize employee productivity. To identify suitable recommendations to make reward system more effective.
Reward systems are identified as one of the human resource management hrm practices that may impact motivation. The study aims to examine the influence of reward types extrinsic intrinsic social and rewards mix on employees performance. Rewards and recognition play an imperative role in motivating employees and improving performance lawler 2003. The reward system is one of the basic scopes of human resource management performance and service compensation management as one of the scopes of this task undertakes to design and execute employees wage and benefits systems ernardin russell 1993.
The corporation are among the major principles in any reward system laler et al 1975. International journal of academic research in business and social sciences april 2014 vol. Today complex reward systems are needed to meet the demands of a more diverse workforce and gradually. Volume 11 issue 4 version 1 0 march 2011 type.
Reward system is the instrument used to increase employees productivity. Reward systems may consist of several components including financial and. Global journal of management and business research. It analyzes the concept of reward system types and significance as a motivational strategy.
The research is an appraisal of the effect of reward system on the motivational level of employees. To identify the impact of rewards on employees performance. Usa reward system and its impact on employee motivation in commercial bank of sri lanka plc in jaffna district. There is a positive relationship between intrinsic rewards on employee performance.
Subjects for the study consisted of 308 workers which constituted. Reward systems in organizations how do organizations choose the best appraisal system for their organization.
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