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Organisations set reward systems to recognise their employees' performances and to motivate them to keep high standards of productivity or service.
Explain the reward system completely and enforce it.
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What is the role of reward systems in an organisation?
The authors argued that reward system plays various roles, such as to develop and sustain employee commitment towards organisation or in other words to maximise employee loyalty. It also plays a critical role in employee satisfaction (Brief and Weiss 2002).
Which is the best reward system for performance?
Behavioral research consistently demonstrates that performance levels are highest when rewards are contingent upon performance.
Is there a relationship between rewards and performance recognition?
Kehoe and Wright (2013) conducted statistical tests and found significant relationship between reward system and performance recognition, as well as with motivation and job satisfaction. The study showed that changing the rewards and recognition leads to a corresponding change in employee motivation and job satisfaction.
What is the impact of rewards on employees?
The study concluded that by enhancing reward and recognition of employee performance an organisation can maximise employee motivation and satisfaction. Serwar and Abugre (2013) analysed the impact of rewards on job satisfaction of service industry employees.
Last Update: Oct 2021
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The international top 20 Department of Education poll provides one-year international rankings of the top 20 education systems exterior of 209 nations.
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