Impact of Rewards on Employee Motivation - 5008 Words

ijcrb.webs.com INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS A STUDY ON THE IMPACT OF REWARDS ON EMPLOYEE MOTIVATION IN THE TELECOMMUNICATION SECTOR OF PAKISTAN Farheen B. Zaidi 1, Zahra Abbas 2 JULY 2011 VOL 3, NO 3 Abstract A good reward system is necessary to motivate the employees of an organization. This study was conducted in order to investigate the impact of rewards on the motivational level of employees of telecommunication sector of Pakistan. The impact of three independent variables rewards, monetary rewards and non-monetary rewards on the dependent variable motivation was studied. Four dimensions of motivation, focus, determination, effort and satisfaction were considered for the development of†¦show more content†¦Employees that are motivated and are fully aware of the organization’s goals, and know that organization will provide those benefits when they will achieve the goals, they will divert their all hard work and devotion towards those goals. (Roberts, 2005). The telecommunication sector of Pakistan is offering several benefits and rewards to its employees; so that employees feel motivated and remain satisfied with their jobs and improve their performance in orde r to achieve organizational goals. Objectives The basic objectives for carrying out this research were; To measure the impact of rewards in the most fast growing sector of (a) Pakistan i.e. Telecommunication sector Pakistan on the motivation of its employees. To measure which type of reward i.e. monetary rewards or non monetary (b) rewards cause more motivation among the employees of telecommunication sector of Pakistan. To measure whether there are significant evidences of having different (c) motivational levels on the basis of demographic variables or not. To determine is there any difference or not in rewards that were being (d) offered to employees on the basis of demographic variables Literature Review It was in the past when there was a permanent guarantee for the job and in return employees used to give the organization the loyalty, best output etc. since it’s a dream now, this indicates that rules of working in the organizations has changed and now the organization should understand thatShow MoreRelatedImpact of Reward System on Employee Motivation3826 Words   |  16 Pages(SECTION: 2) â€Å"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 â€Å"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 helpingRead MoreThe Importance Of Employee Motivation And Customer Retention Essay1634 Words   |  7 Pagesquality, customer loyalty, and work efficiency. 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