Publications -2014 (original) (raw)

Reward System and Organizational Performance Author's Details

International Journal of Management Sciences and Business Research, 2023

The study examined reward systems and organizational performance. This was done in the measures of reward system, compensation policy, and performance recognition for the organization's performance at Delta State University. Responses from respondents were retrieved with the aid of a 5-point Likert scale questionnaire. A survey research design was employed in this study, and the stratified random sampling method was also adopted to administer 367 staff members from Delta State University. The questionnaire was coded with the aid of a spread sheet, and the respondents profiles were analyzed manually using a simple percentage approach. The research questions were analyzed with the aid of descriptive statistics, and the hypotheses of the study were tested using multiple regression analysis with the aid of SPSS. The results from the analysis revealed that the dimensions of reward systems (compensation policy and performance recognition) in this study have significant and positive effects on organizational performance. The study concludes that a good reward system provides positive assurance for fulfilling the needs and wants of employees in the workplace. It generally has an optimistic attitude behind it, and it is generally given to have good leverage to satisfy the psychological requirements of employees. The goal of the study was to make a recommendation about how employee recognition, when considered from formal, informal, and day-today perspectives, could inspire staff to ensure high performance in tertiary institutions. Therefore, it is advised that the management of tertiary institutions devote trustworthy resources to the development and implementation of employee recognition programs in order to produce the desired results. The study also recommends that management view employee recognition as a significant investment rather than one of the pricey and unnecessary practices that offer little value to tertiary institutions.

Concept of Reward Management, Reward System and Corporate Efficiency

2018

Employees who make up a company remain the organization’s unique and biggest asset whilst they provide performance, organizations aim to reward them in an equitable manner fairly, unbiased and consistently in accordance with the value they create in the organization. Reward system exists with a specific end goal to motivate employees to work towards accomplishing vital objectives which are set by entities. This study clarified the phenomenon of reward systems and corporate efficiency. It additionally reviewed other research findings in the range of reward systems. It assessed emerging and critical issues that inform reward decisionmaking. It again raised issues for example, the issue of measuring comparability and the concern of recognition programmes. This study concludes that the reward system plays an essential role in motivating workers to perform innovatively.

Research on the Quality of Rewards Systems in

2013

In this paper we outline our research and present final results of our empirical investigation (survey), which was conducted among the biggest Czech companies and aimed at the quality (maturity) of their performance measurement and management system (PMMS) in connection with rewards system (RS). The paper is focused on the part of the survey dealing with rewarding of employees in relation to performance measurement. Descriptive statistics are given and weaknesses of rewards systems implemented in the analyzed companies are identified and some generalizations are made. Degree of utilization of the total rewards approach (TRA) is discussed. We also discuss correlation of indices which we constructed for evaluation of the quality of the implemented rewards system with subjective evaluation of these systems.

Evaluating the Quality of Rewards Systems

European Financial and Accounting Journal, 2011

This paper deals with the issue of desired characteristics of rewardssystems and outlines possible ways of their evaluation. Aims of therewards systems are analyzed and desired properties, components andupdating procedures that should be put in place are identified. Rewardssystem is understood as a tool for supporting business’s goals, attracting,motivating and retaining competent employees. It is stressed that rewardssystem is an important but not the only tool for reaching the mentionedgoals and it should be used congruently with other tools (e.g. proper jobdesign, recruiting, training, creating positive workplace). An encyclopedicpreview of rewards types is given, their various classifications areintroduced and it is underlined that type of chosen reward should matchwith the objective that is supposed to be accomplished. Finally, theimpact of rewards on motivation and behavior is addressed and aframework for analyzing of incentives (variable payments forperformance) is proposed.