INFLUENCE OF INCENTIVE SCHEME ON THE PERFORMANCE OF EMPLOYEES

Author Name: Dr. Sanjay Kumar

Volume/Issue: 01/11

Country: India

DOI NO.: 08.2020-25662434 DOI Link: http://www.doi-ds.org/doilink/04.2021-91596453/UIJIR

Affiliation:

1. Assistant Registrar, Jawaharlal Nehru University, New Delhi-110067

ABSTRACT

Abstract Salary, wages, reward, timely promotion and flex working hours are some of the main influencing factors for the growth of the company. Similarly, ‘incentive’ or ‘reward’ is recognized as one of the most important determinants responsible for employee performance. The attractive performance schemes are always boost the morale of the employees and inspire them to perform better for the goals of the company. Just adverse, non-availability of attractive reward schemes affected the performance of the employees. High attractive incentives are always push employees to perform better in comparison to low attractive rewards or nil incentives. This work is an attempt to explore the role of incentive scheme and its effect on the performance of the employees. For the purpose of research, sample size i.e. 100 employees from private sector in Delhi and nearby areas are considered. Simple frequency distribution tool has been used in the research.

Key words: Incentive, performance, monetary and non-monetary, intrinsic and extrinsic reward, stakeholder.