Moderating Influence Of Organizational Reward System On Employee’s Performance
Loading...
Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Sumy State University
Abstract
This study explored the relationship between organizational reward system and employee performance. Com petition has become tenser in various sectors of the economy, organizations are harsh to boost employee morale
at work and this situation requires management to be more careful in setting up reward system and remunera tions to its employees in addition to their wages and salaries. The objectives of the study are to examine the
effect of Employee Benefit on Job Performance and also to investigate the effect of Work Bonuses on Em ployees Motivation. 124 copies of questionnaire were administered to Cadbury Plc employees in Lagos State,
Nigeria to get primary data that treated and tested appropriate research questions and hypotheses accordingly.
For the purpose of this study, correlation and descriptive research was employed. The Yamane formula was
adopted to determine the sample size. The Statistical Package for Social Sciences and Cronbach’s alpha was
employed. The study found out that employee bonus significantly affects employee motivation in business and
employee benefit significantly affects job satisfaction in business. The study recommends that organizations
need to have a reward system(s) as a standard which is considered fair and equitable. Not having a reward
system in an organization will lead to resistance from the employees and also Incentive management and prac tices such as pay incentives and fringe benefits should be based on realistic and standard methods in accordance
with industrial benchmarks, indices and procedures and should likewise conform to ethical valuations and
practices
Description
There is extensive literature on performance in work environment, yet little of this literature has studied the
link between employment policies and job performance (Ismail & Abdrasak, 2016). Mafini & Dlodlo (2014)
opined that bonuses are widely used in organizational life to motivate employees. However, does this motiva tion really show in their performance? Thus the effect of bonuses (monetary rewards) on performance in or ganizations has been inconclusive in the literature
Keywords
Citation
16. Kowo, S. A., Popoola, M. A., Akinrinola, O. & A. A. Salau (2018). Moderating Influence Of Organizational Reward System On Employee’s Performance. Socio Economic Challenges, 4(2), 114-122. DOI:10.21272/SEC.2(4).114-122.2018