Preview

IMPACT OF MOTIVATIONAL ON EMPLOYEES

Good Essays
Open Document
Open Document
2654 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
IMPACT OF MOTIVATIONAL ON EMPLOYEES
(Accounting, Organizations and Society 27 (2002) 303–345
Monetary incentives frequently are suggested as a method for motivating and improving the performance of persons who use and are affected by accounting information)
Rewards that an individual receives are very much a part of the understanding of motivation.
Research has suggested that rewards now cause job motivation and satisfaction, which leads to performance. It showed that though there was no significant difference in motivational level and job satisfaction across various categories of workers in different organizations.
Influence of Rewards on Workers Performance in an Organization (Chris Ajila and Awonusi Abiola)
Rewards help to motivate an employee’s which generate maximum output from him. Rewards leads to employees motivation & performance. Many researches show that maximum work can only be extracted from employees through rewards and motivation.

DEFINITION
Mendonca, (2002) sees reward and compensation system that is based on the expectancy theory, which suggests that employees are more likely to be motivated to perform when they perceive there is a strong link between their performance and the reward they receive.
IMPACT OF REWARD ON EMPLOYEES PERFORMANCE IN A SELECTED MANUFACTURING COMPANIES IN IBADAN, OYO STATE, NIGERIA(Olaoye Bosede .O (Mrs.) Adeyemi M.A (Mrs.)
(Rewards and compensation systems motivate employees to give their maximum efforts towards assigned work. Compensation systems deliver other objectives such as legal compliance, labour cost control, perceived fairness towards employees and enhancement of employee performance to achieve high level of productivity and customer satisfaction (Maire and Nick, 2002). Journal of International Academic Research (2010) Vol.10, No.2. 31 August 2010
Rewards that an individual receives are very much a part of the understanding of motivation. Literature suggested that rewards cause satisfaction of the employee to be affected, which

You May Also Find These Documents Helpful

  • Powerful Essays

    Mas-Cadel Specialty Bicycle

    • 3810 Words
    • 16 Pages

    Khan, KU, Farooq, SU & Ullah, MI, 2010, ‘The Relationship between Rewards and Employee’, Research Journal of Internatıonal Studıes, May, Issue 14, pp. 37-42.…

    • 3810 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    We know that incentives and awards are some of the factors that motivate employees, and it is true that by nature we say that people get paid for doing their jobs and even sometimes we forget to thank them, that is why it is so important that we have a good incentive program in place because people do respond well to incentives for good performance, recognition and doing especially good work.…

    • 889 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Pay and Rewards – pay and rewards attract, motivate and retain staff. The employment contract which lists rewards, whether it be pay, bonus or benefits, can remove animosity amongst employees and employers. However, recent research reveals that employees are no longer motivated by a financial reward alone, but react positively to training and development to enhance their career progression.…

    • 2393 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    There are a number of different views as to what motivates employees. Whether the motivation is pay (salary, bonus, commission); benefits (perks, paid time off, vacation); human relation (ability to work with others); or opportunity for growth, incentives do matter to employees. Job satisfaction not only depends on tangible rewards, but also on the culture of the organization. In this paper, I will discuss the Achievement Motivation theory and describe how it would and would not be applicable if applied to two or more workplace situations, based on personal experience.…

    • 1246 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Total reward systems can be used to identify the quantum and type of rewards that will prove to be the most effective in terms of motivating and driving the performance level of employees. For example, employees at lower levels will be driven by monetary awards such as incentives and bonuses while senior employees will be more motivated by rewards such as recognition, paid holidays, etc. An extensive…

    • 776 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Motivational Theories

    • 1692 Words
    • 6 Pages

    Employees help to achieve the company’s goals by performing assigned jobs. If the company has an integrated company-wide performance management system in place, employee performance is no longer a nebulous concept but rather a set of clearly defined expectations (goals) to be met by an employee in a given position. To determine the expectations, the company’s strategic goals are broken down in detail to the level of ordinary employees. Employees then seek motivation to meet the designated goals in which the company is able to help them by setting attainable conditions and measures. Hence, the performance of employees corresponds to how the work and rewards (both financial and non-financial) meet the employee’s needs. Motivation can also be negative or positive. At first glance it could seem, indeed, that financial motivation, i.e., financial rewards for employee’s performance, is the right driver of employee performance and that the higher the financial reward, the higher the work commitment and employee’s performance. Yet, the results of surveys and experiments have shown for years that this is not always the case. Financial motivation is meaningful to employees only to a certain extent; once the motivation reaches a certain amount, it no longer influences the employee. This is not a suggestion that companies should disregard the financial remuneration of employees. A well thought out and fair compensation system aligned with…

    • 1692 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    i. Pay and Rewards – pay and rewards attract, motivate and retain staff. The employment contract which lists rewards, whether it be pay, bonus or benefits can remove animosity amongst employees and employers. However, recent research reveals that employees are no longer motivated by a financial reward alone, but react positively to training and development to enhance their career progression.…

    • 2823 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Jones, Gareth R., and John E. Butler. "Academy of Management Review." Costs, Revenue, and Business-Level Strategy 13 (1988): 202-213. 31 Jan. 2006 .…

    • 13692 Words
    • 55 Pages
    Powerful Essays
  • Powerful Essays

    Human Resource Management

    • 4819 Words
    • 20 Pages

    HRM PROJECT Table of Contents Executive Summary LO 1 Understand the difference between personnel management and human resources management 1.1 Distinguish between Personnel management and human resource management…………………………………………………………………………………………….. 1.2 Assess the function of the human resource management in contributing to organizational purposes 1.3 Evaluate the role and responsibilities of line managers in human resource management…………………………………………………………………………………… 1.4 Analyse the impact of the legal and regulatory framework on human resource management………………………………………………………………………….. LO 2 Understand how to recruit employees 2.1 Analyse the reasons for human resource planning ………………………………………………… ………………………………………………………………………………………….…

    • 4819 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    reward management

    • 944 Words
    • 4 Pages

    As an organization it is very important for the human resources to control employees, motivate them and ensure productivity. Business owners are searching ways to reduce the costs and maximize quality so it is very important to get the most out of every employee. One way to do this is reward systems. In this paper we are going to analyze the reward system parameters and discuss about evaluation criteria.…

    • 944 Words
    • 4 Pages
    Powerful Essays
  • Better Essays

    In any type of business reward systems offer employees the incentive to more effectively and efficiently perform. Whether the rewards are financial, material, recognition based, or just beneficial they are important in helping to motivate employees in performing better and going above and beyond the minimum requirements. There are nine major factors that motivate employees to perform better. These nine factors are: “Respect for me as a person; good pay; chance to turn out quality work; chance for promotion; opportunity to do interesting work; feeling my job is important; being told my boss when I do a good job; opportunity for self-development and improvement; and large amount of freedom on the job. When creating a reward system these factors should be considered. We will focus on implementing these factors in creating a rewards system for human service organizations.…

    • 1038 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Reward Management

    • 992 Words
    • 4 Pages

    ARMSTRONG 'S HANDBOOK OF REWARD MANAGEMENT PRACTICE Improving performance through reward 3RD EDITION Michael Armstrong KoganPage LONDON PHILADELPHIA NEW DELHI Contents Introduction 1 Parti Essentials of Reward Management 3 An Overview of Reward Management 5 1. Introduction 6; Reward management denned 6; Characteristics of reward management 7; The reward management framework 9; Aims of reward management 9; Achieving the aims in general 11; Achieving the specific aims 14; Contextual factors 16; Fundamental concepts 19; Pay level concepts 22; Effective reward management 23; References 24 2.…

    • 992 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Every organization’s success is so dependent on its staff performance and therefore, keeping those employees motivated should be in the organization priority’s list. Much research has been conducted to explore the relationship between reward and performance. kilman(1989) found positive relation is so perceivable between reward and performance, however it was more specific in management .” More specifically, the reward system should be aligned to motivate employee performance that is consistent with the firm's strategy”, (Galbraith, 1973 Journal of Organizational Change Management, Vol. 14 No. 2, 2001, p.114). Lazear (2000) shows significant positive effects of incentive pay on productivity (in the range of a 44-percent gain) in his unique dataset of a firm. These finding are all practical, reliable and applicable for organizations, hence employee’s level of performance can be increased by applying contingent reward in the organization’s strategy.…

    • 423 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Cameron and Pierce suggest that in a workplace, careful arrangement of rewards can enhance employee interest and performance and this is likely to occur when rewards are closely tied to the attainment of performance standards and to the performance accomplishment of challenging tasks.…

    • 5377 Words
    • 22 Pages
    Powerful Essays
  • Better Essays

    Money as an motivator

    • 1197 Words
    • 4 Pages

    Managers can motivate employees by building a pay and reward systems. While managers need to get more from their employees, their employees are looking for more out of them. Employee pay and reward systems are one method of motivating employees to change work habits and key behaviours to benefit an organization.…

    • 1197 Words
    • 4 Pages
    Better Essays

Related Topics