Employee Motivation
CREATING EFFECTIVE ORGANIZATION (SECTION: 2)
“IMPACT OF REWARD SYSTEM ON EMPLOYEE MOTIVATION”
SUBMITTED TO: SIR RAZA NAQVI
SUBMITTED BY: (Group#6)
Shazia faiz (MM111119)
Zainab Hassan (MM111027)
Robeela qayyum (MM103070)
DATE: 22 JUNE 2011
“IMPACT OF REWARD SYSTEM ON EMPLOYEE MOTIVATION”
Shazia Faiz, Zainab Hassan
Robeela Qayyum
Abstract
The purpose of the study was to investigate and analyze the impact of reward system on employee motivation and how well the current reward system was helping to generate employee motivation. Employees can be motivated on the job by many things such as intrinsic rewards (recognition, autonomy, responsibility, importance) and extrinsic rewards (pay, promotion, bonus, title). More specifically it aimed to find out which aspects of the reward system functions well, and which aspects could be further developed and improved in order to increase employee motivation. Subjects for the study consisted of one hundred employees of different commercial banks of Pakistan. Data for the study were gathered through questionnaire. The data collected was analyzed by using correlation and regression analysis. The results obtained from the analysis showed that there existed strong relationship between rewards and employee motivation in commercial banks of Pakistan. The research supports the assumption that a well developed and functional reward system can increase employee motivation.
Key Words: Rewards, HRM, Motivation, Intrinsic rewards, Extrinsic rewards.
Introduction
In this ever changing world of today as competition is very high, there is continuous change and development in organizations, especially for commercial banks the only possibility to survive profitably and retain employees successfully is motivation. Motivation is a ‘will to accomplish’. It comes from an opportunity to succeed and a person’s ability to avail that opportunity, motivated employees are enthusiastic, optimistic, creative and...
“IMPACT OF REWARD SYSTEM ON EMPLOYEE MOTIVATION”
SUBMITTED TO: SIR RAZA NAQVI
SUBMITTED BY: (Group#6)
Shazia faiz (MM111119)
Zainab Hassan (MM111027)
Robeela qayyum (MM103070)
DATE: 22 JUNE 2011
“IMPACT OF REWARD SYSTEM ON EMPLOYEE MOTIVATION”
Shazia Faiz, Zainab Hassan
Robeela Qayyum
Abstract
The purpose of the study was to investigate and analyze the impact of reward system on employee motivation and how well the current reward system was helping to generate employee motivation. Employees can be motivated on the job by many things such as intrinsic rewards (recognition, autonomy, responsibility, importance) and extrinsic rewards (pay, promotion, bonus, title). More specifically it aimed to find out which aspects of the reward system functions well, and which aspects could be further developed and improved in order to increase employee motivation. Subjects for the study consisted of one hundred employees of different commercial banks of Pakistan. Data for the study were gathered through questionnaire. The data collected was analyzed by using correlation and regression analysis. The results obtained from the analysis showed that there existed strong relationship between rewards and employee motivation in commercial banks of Pakistan. The research supports the assumption that a well developed and functional reward system can increase employee motivation.
Key Words: Rewards, HRM, Motivation, Intrinsic rewards, Extrinsic rewards.
Introduction
In this ever changing world of today as competition is very high, there is continuous change and development in organizations, especially for commercial banks the only possibility to survive profitably and retain employees successfully is motivation. Motivation is a ‘will to accomplish’. It comes from an opportunity to succeed and a person’s ability to avail that opportunity, motivated employees are enthusiastic, optimistic, creative and...