Effect Of Reward Management On Employee Performance In Corporate Sector- A Review
Keywords:
Employee Reward, Performance, Pay, Promotion, RecognitionAbstract
Reward management is a combination of both financial as well as non financial rewards which have become very much essential from organizations as well as from employees point of view nowadays as each and every employee in today’s era of business is very much vigilant to think for as well to fulfill the said need. In the modern business world, the employer are also very much aware on the issue and initiate necessary steps to meet the requirement of the employees to set up various provisions from time to time for obtaining their goals as well as for safe guarding the interest of the employees.
In the quest of above, the researcher reviewed the literature with the objective to find the effect reward on employees performance in different organizations as well as scope of further research in the area of employee rewards management practices. For the purpose of the study, various studies conducted on the topic in different countries/geographical areas have been reviewed to find out the effect of certain variables relating to Extrinsic Rewards, Intrinsic Rewards and Performance such as Pay, promotion, recognition and Working Conditions etc. After analyzing the same, it has been found that there is a effect of reward management on the performance of employees. Many studies on the topic have been conducted in the abroad. In India, limited studies have been conducted on the topic. Hence there is a scope for further research in the area of employees reward management as no study has been found to measure effect of the employees rewards management on employees performance in public sector and private sector in India.
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