REWARD AND RECOGNITION SYSTEM
“THE REINFORCING FACTORS FOR EMPLOYEES”
UNDER THE GUIDANCE OF
DR. B. B MISHRA
(COURSE CO-ORDINATOR IMBA)
SUBMITTED BY, SAMPRITI PAUL
6TH SEMESTER IMBA,
DEPARTMENT OF BUSINESS ADMINISTRATION
UTKAL UNIVERSITY, VANIVIHAR.
I take this opportunity to express our heartiest thanks to those persons who individually as well as collectively helped us in the successful completion of this project. I am extremely thankful to the Head of the Department Dr. B.B.Mishra, of the Department of Business Administration, Utkal University, Vani Vihar, Bhubaneswar, for his untiring effort in giving us sincere guidance and co-operation in preparing this project Finally I am extremely thankful to my parents and friends who advised, guided and motivated me for the successful completion of the project.
This is to certify that, SAMPRITI PAUL, a student of Department Of Business Administration of session 2008-2013 has under take the summer project entitled “A dissertation on organizational reward and recognition system -the reinforcing factors for employees” in accordance with the requirements for the partial fulfillment for the degree of 5 year integrated MBA Programme.
MR. B.B.Mishra (Head of the Department) 5 Year Integrated, MBA Department of Business Administration Utkal University, Vanivihar Bhubaneswar
I do hereby declare that my research work to be authentic and original in all respects of the process carried out in the project. Under any circumstance, if my project is scrutinized and screened and if it is found to be copying, then I am liable for any variation of marks whatsoever my guides of this project deemed fit.
Name and address of the student: Signature of the student SAMPRITI PAUL
Utkal University, Vani Vihar,
* OBJECTIVE OF THE STUDY
* HUMAN RESOURCE MANAGEMENT
* HRM POLICY CHOICES
* REWARD AND RECOGNITION( FACTORS, STRATEGIES AND TYPES)
* SUCCESS AND FAILURE OF REWARD AND RECOGNITION SYSTEM IN GENERAL ELECTRONICS AND HINDUSTAN LEVER LIMITED. * SUGGESTIONS AND RECOMMENDATIONS
Reward and Recognition strategies and the correct implementation of these are very economy. Reward management starts with the HR-strategy of the company, where it is aligned with the company’s visions and goals. It is also an important tool in aligning the employees to the values and goals of the organization. important. A research about pay plans showed that companies that have a successful pay plan have 34 percent higher performance, 30 percent higher trust, 28 percent more encouragement to take initiatives and 18 percent higher pressure for performance than the...