Extrinsic Reward System and Employee Productivity: A study of National Examinations: Council (NECO) Headquarters, Minna, Niger State, Nigeria (original) (raw)
The International Journal of Business & Management
1. Introduction Corporate organizations throughout the world acknowledge the importance of employee motivation and performance in the short and long-term success of an organization (Nemeckova, 2017). According to research carried out by Morgan et al. (2013), organizations are in constant search of best practices that lead to an increase in employee's motivation and eventually their performance. One of the most used strategies to improve performance among employees is the extrinsic reward system (Francis et al., 2020). Extrinsic rewards refer to tangible rewards given by organizations to their employees in recognition of their exemplary performance in their job roles. In most of the cases, extrinsic rewards usually come in the form of financial rewards and benefits. According to Noko and Nwuzor (2021), extrinsic rewards in an organization are characterized with being easily justifiable, embeddedness in organizational routines and processes and also measurable. Scholars have identified the following forms of extrinsic reward: pay rises issued to employees due to their excellent performance in their job role (
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