Rewarding Systems and Their Impact on Employees' Performance

At present work environment, employees require competent and equitable reward that fit with their effort. In return, they will be able to put their utmost potential to achieve company¿s mission. The motive behind conducting this study is to identify rewarding systems and their impact on employees¿ performance. The findings of the study clearly show that different rewarding systems positively affect employees¿ performance. In addition, the company works more on monetary rewards but the availability and provision of non-monetary rewards were found to be poor. To boost employees¿ morale and performance, the company should plan its rewarding systems based on different demographic variables and it should adopt effective implementation of different non-monetary rewarding systems. Moreover, it should consider the impact of rewards given at individual, team and organizational level. Finally, the findings this book is helpful for the company, policy makers and academicians who want conduct similar study.