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Impact of Reward and Recognition on Job Satisfaction and Motivation
Subject area: Management and Commerce · Area of research: Human Resource Management
Abstract
Financial This dissertation investigates the impact of Reward and Recognition on Job Satisfaction and Motivation in organizations. Human resource is considered as a strategic asset in any organization because the accomplishment of an organization?s objectives largely depends on employees. Therefore, it is important to identify factors which motivate employees for achieving goals. Drawing on a wide range of empirical studies and theoretical frameworks, this review reveals that reward and recognition programs play a crucial role in shaping employees' perceptions of job satisfaction and motivation. Rewards, such as monetary compensation, fringe benefits, and career advancement opportunities, are found to be positively correlated with job satisfaction and motivation. Similarly, recognition, including verbal praise, public acknowledgment, and awards, has a significant impact on employees' sense of satisfaction and motivation. Through a quantitative method approach, integrating quantitative surveys, a sample of76 employees from various companies like Micro Finance, Edu Tech, recruiting companies were surveyed to gather comprehensive data and gain a deeper understanding of the research topic. Quantitative data analysis revealed a strong correlation between the implementation of reward and recognition systems and employee motivation levels. These findings contribute to the existing literature by emphasizing the importance of effective reward management systems in fostering employee motivation and enhancing overall organizational productivity.
Keywords
Reward and Recognition, Job satisfaction, Motivation
References
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How to cite this paper
@article{1704783,
author = {Varnita Kerketta, Dr. Shika Chauhan},
title = {Impact of Reward and Recognition on Job Satisfaction and Motivation},
journal = {Iconic Research And Engineering Journals},
year = {2023},
volume = {6},
number = {12},
pages = {1245-1253},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1704783.pdf},
abstract = {Financial This dissertation investigates the impact of Reward and Recognition on Job Satisfaction and Motivation in organizations. Human resource is considered as a strategic asset in any organization because the accomplishment of an organization?s objectives largely depends on employees. Therefore, it is important to identify factors which motivate employees for achieving goals. Drawing on a wide range of empirical studies and theoretical frameworks, this review reveals that reward and recognition programs play a crucial role in shaping employees' perceptions of job satisfaction and motivation. Rewards, such as monetary compensation, fringe benefits, and career advancement opportunities, are found to be positively correlated with job satisfaction and motivation. Similarly, recognition, including verbal praise, public acknowledgment, and awards, has a significant impact on employees' sense of satisfaction and motivation.
Through a quantitative method approach, integrating quantitative surveys, a sample of76 employees from various companies like Micro Finance, Edu Tech, recruiting companies were surveyed to gather comprehensive data and gain a deeper understanding of the research topic. Quantitative data analysis revealed a strong correlation between the implementation of reward and recognition systems and employee motivation levels.
These findings contribute to the existing literature by emphasizing the importance of effective reward management systems in fostering employee motivation and enhancing overall organizational productivity.},
keywords = {Reward and Recognition, Job satisfaction, Motivation},
month = {June},
}