IMPACT OF EMPLOYEE REWARD SYSTEM ON ORGANISATIONAL PERFORMANCE

Author Name: 1. Dr Shyamasundar Tripathy 2. Dr. Bindurani Rohidas

Volume/Issue: 02/09

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://www.doi-ds.org/doilink/03.2022-59526589/UIJIR

Affiliation:

1. Assistant Professor, KL Business School, KL Deemed to be University, Andhra Pradesh, India
2. Freelance Trainer, Bidar, Karnataka, India

ABSTRACT

The study describes the impact of an employee reward system on employee productivity in selected service sector organisations in Hyderabad; it focuses on the effects of a reward system on employee commitment and loyalty to the organisation; and it demonstrates the impact of a flat-rate system on employee work values in the organisation. A sample of 206 individuals was chosen from 10 service sectors in the Hyderabad region, with primary data collected using a questionnaire as an instrument. According to the findings, rewarding employees has a considerable impact on staff performance and productivity. Employees' work values were negatively impacted by the flat rate system. The research work concludes that there is a positive impact productivity of the employees on rewarding them which creates an opportunity for employers to use rewarding as a motivating factor to fine tune employees with the organisational goals.

Key words: Reward system, employee productivity, flat-rate system, work values