Effect of Reward and Recognition on Job Satisfaction

Topics: Motivation, Reward system, Employment Pages: 16 (4011 words) Published: January 9, 2014
Research
Methodology
and Business
Analytics
Effect of Reward and
Recognition on Job
Satisfaction
Submitted by Group 8, Section ‘A’
Abhilasha Bhatt
Anmol Sikka
Pallavi Srivastava
Suchi Subhro Datta

(M002/12)
(M013/12)
(M023/12)
(M041/12)

Effect of Reward and Recognition on Job Satisfaction
Acknowledgment
We would like to express our gratitude to Prof. D. Israelwho was abundantly helpful and offered invaluable assistance, support and guidance. Special thanks to all team members for their active participation, for sharing the literature and invaluable assistance. We are also highly indebted to all the employees who took time out of their busy schedule to fill up the questionnaire.

This research paper gave us depth into understanding how job satisfaction, employee engagement and reward & recognition are related.
Thank you.

Group 8
PGDM
Section ‘A

1

Effect of Reward and Recognition on Job Satisfaction
Table of Contents

Contents
Acknowledgment .................................................................................................................................... 1 Table of Contents .................................................................................................................................... 2 ABSTRACT................................................................................................................................................ 3 INTRODUCTION ....................................................................................................................................... 3 Background ..................................................................................................................................... 3 Purpose of Study ............................................................................................................................. 4 Conceptual Background and Hypothesis ................................................................................................ 4 Rewards and Recognition ............................................................................................................... 5 Employee Engagement ................................................................................................................... 5 Job Satisfaction ............................................................................................................................... 6 Methods .................................................................................................................................................. 7 Sample and Data Collection Procedure .............................................................................................. 7 Measures................................................................................................................................................. 8 Statistical Analysis on SPSS ..................................................................................................................... 9 Factor Analysis ................................................................................................................................ 9 Cronbach Alpha ............................................................................................................................. 12 Effect of Reward and Recognition on Employee Engagement ..................................................... 13 Effect of Employee Engagement on Job Satisfaction.................................................................... 13 Combined effect of reward and recognition & employee engagement on job satisfaction ........ 14 Limitations of the study ........................................................................................................................ 15 Future Research .................................................................................................................................... 15 References...

References: [2] Khalizani Khalid, Hanisah Mat Salim and Siew-PhaikLoke, The Impact of Rewards and Motivation
on Job Satisfaction in WaterUtility Industry, 2011, IPEDR vol.11
[3] Oosthuizen, T. F .J. (2001). Motivation influencing worker performance in a technical division of
Telkom SA.ActaCommercii, 1, 19-30.
[4] La Motta, T. (1995). Recognition: The quality way. New York: Quality Resources.
[6] Deeprose, D. (1994). How to recognise and reward employees. New York: AMACOM.
[7] Eastman, J. A. (2009). The effects of expected evaluation and reward on motivation and creativity
in Turkish children,Unpublished Masters Dissertation, Brandeis University Waltham, Massachusetts.
[9] Allen, N. J., & Meyer, J. P. (1990). The measurement and antecedents of affective, continuance
and normative commitment to the organization
[10] Bairi, J., Manohar, M., & Goutam, K. (2011). Knowledge retention in the I T service industry.
[11] Markos, S., & Sridevi, S. (2010). Employee Engagement: The Key to Improving Performance.
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