Rewards & Recognition in Motivation and its Effect to Employee Performance
There are many attempts
have been taken place to explain what motivates people to work. Answer is more
important since it can be used to influence people’s behaviors.
Motivation is all internal
and external driving forces to make employees to perform in given task.
Perhaps high level of
motivation will not be resulted to high level of performance. Since it is required
certain level of skill to perform in given task.
Rewards & recognition
is key in motivation. Since majority of people are getting motivated on financial
& non-financial benefits.
The purpose of rewards
and recognition is to provide a systematic approach for delivering positive
consequences and attracts people to join the organization and ultimately be
motivated to deliver higher level of performance (Pratheepkanth, 2011).Employees
perform when they are rewarded when they
exceed the expectation and targets.
Rewards and recognition on performance will generate self-motivation and set
the higher standard on work. Hence employees will take the task positively and
put all effort to achieve the targets.
The system of rewards in
the organization should be properly designed and implemented to strengthen the motivation
which will directly impact on the employee’s performance (Njanja, Maina, Kibet,
Njagi, 2013).
Rewards and recognition
would be enhance the employee performance and it will be resulted to employee first
achievement as well as frequent achievement which will be benefited to the organization.
(Ibrar,
Khan, 2015).
Measures of Rewards and Recognition
or Promotion.
- · Fixed or performance based pay
- ·
Incentives
- ·
Allowances
- ·
Compensation
Management should be able
to motivate employees by rewarding and
recognizing while providing sufficient training to enhance the skill level
to perform in given task. Therefore it will be helped to increase the performance
of employees as well as the organization performance.
Reference
Ibrar. M, Khan. O, 2015, THE IMPACT OF REWARD ON EMPLOYEE PERFORMANCE (A CASE STUDY OF MALAKAND PRIVATE SCHOOL), International Letters of Social and Humanistic Sciences, ISSN: 2300-2697, Vol. 52, pp. 95-103.
Njanja. W. L, Maina. R. N, Kibet. L. K, Njagi. K, 2013, Effect of Reward on Employee Performance: A Case of Kenya Power and Lighting Company Ltd., Nakuru, Kenya, International Journal of Business and Management; Vol. 8, No. 21, pp, 41-49.
Pratheepkanth. P, 2011, Reward System And Its Impact
On Employee Motivation In Commercial Bank Of Sri Lanka Plc, In Jaffna District,
Global Journal of Management and Business Research, Volume 11 Issue 4 Version
1.0, pp. 85-92.
According to David Maxfield, employee performance does not purely depend on reward and recognition, Employee performance relies on 3 things. First one is they should know their stuff, second they should focus on the right stuff, finally Build a reputation for being helpful.
ReplyDeleteMaxfield, D. (2019). Employee Performance: The Vital Behaviors of Top Performers. [online] Monster. Available at: https://hiring.monster.com/hr/hr-best-practices/workforce-management/employee-performance-management/improving-employee-performance.aspx [Accessed 17 Apr. 2019].
Well said Ranga
ReplyDeleteReward and recognition is main part for employee to performing the well successful work.
from Ranga's topic well motivated for current management concept.
Today’s organizations are operating in a very dynamic and highly competitive environment.
They have to be able to respond quickly to ever changing customer demands.
Reward management is one of the ways used by organizations for attracting and retaining suitable employees as well as facilitating them to improve their performance.
[ International Journal of Business and Management; Vol. 8, No. 21; 2013 ]
One of the motivational factors in today’s context is Rewards and recognition of employees.Agarwal (1998) gave an explanation to the term reward as something that the organization offers to the employees in response of the work as well as performance and something which is desired by the employees. Apart from the salary that employees get it is important for employers to recognize the work that the employees do and reward them in proper way will create more motivation which leads to high performance of employees. An organization’s performance appraisal systems are more effective when there is a connection between the results of the performance management system and the reward system of the organization.
ReplyDeleteReference;
Agarwal, N.C. (1998). “Reward Systems: Emerging Trends and Issues”. CanadianPsychology, 39(1), 60-70.
With this in mind, many businesses have hence shifted their focus to motivating employees through non-monetary incentives in an attempt to retain their quality talent. Here are some of them: non-monetary rewards to attract talent and retain employees.
ReplyDelete