Employee performance rewarded system

ABSTARCT :

This research paper is about reward system as a strategy to enhance employee’s performance in an organization. The research means this need of an organization and its employee, their low productivity behavior and therefore the way this behavior is often change through reward to enable their performance boost the organization needs. The research was administered through constructive analysis from different articles that base on reward system. Descriptive and exploratory research designs were used for the purpose of this research work. The study observed that there is positive relationship between rewards and employee’s performance, productivity and retention in an organization. However, rewards system, in an organization should be designed with a constructed strategy that need to be a neighborhood of organization ‘s culture.

EXISTING SYSTEM :

? Inferential statistics like Pearson product moment correlation coefficient (r) was used to determine if there is a significant relationship exist between independent variables (rewards types: Extrinsic, intrinsic, social and rewards mix) and dependent variable (employees performance). Analysis and interpretation were made at 0.05 level of significance. ? The hypothesis that there exist positive relationship amongst extrinsic reward, intrinsic reward and employee performance. ? The reward system typically is predicated on the expectations of management of the organisation from its employees and therefore the rewards that they're willing to offer to employees who meet or exceed these expectations.

DISADVANTAGE :

? The basical problem is that the employees are not committed to their work, lack of motivation and organizations are not provide training and development plan for their employees. ? The study has concluded that, management should have deep sense of commitment towards the issue of rewarding employees, if performance levels to be enhanced. ? Main objective of this research paper is to investigate issues related to reward system and employee performance. ? Extrinsic financial rewards impacted on employees' performance. Many managers have used extrinsic rewards (e.g. monetary incentives) to motivate their employees.

PROPOSED SYSTEM :

• The research was administered through constructive analysis from different articles that base on reward system. Descriptive and exploratory research designs were used for the purpose of this research work. • Based on this, the study proposes: that rewards system in the organization should be designed with articulated strategies that should be embedded in the organization‘s culture; management should identify employees‘needs/preferences in developing organizations‘ compensation structure. • This theory proposes that a private are going to be have or act during a certain way because they're motivated to pick a selected behavior over others.

ADVANTAGE :

? Reward system is one among the strategies employed by Human Resource Managers for attracting and retaining suitable employees also as facilitating them to enhance their performance in a corporation. ? A reward is something’s that organization offers to employees in response to their contributions and performance which is additionally something that's desired by the workers ? The reward system in an organisation may be a programme that's developed to supply appreciation for top performers and supply incentive for low performers to extend their performance. ? The reward system in an organisation may be a programme that's developed to supply appreciation for top performers and supply incentive for low performers to extend their performance.