Publication Date: 2024/01/05
Abstract: The purpose of this extensive study is to investigate the complex web of reward systems and the myriad ways in which they influence employee performance, motivation, and the effectiveness of organizations. These reward systems, which include monetary incentives, recognition programs, and non- monetary advantages, play a crucial role in changing the actions and attitudes of employees across a wide range of industries and geographical regions. This research sheds light on the interrelated dynamics between reward systems and their profound ramifications for labor productivity and organizational success. This is accomplished by conducting a comprehensive analysis that spans a variety of industries and geographical regions. This study reveals complex relationships between individualized compensation strategies and their differential impacts on employee engagement, retention, and overall performance. These correlations are shown through the examination of case studies and empirical data.
Keywords: Employee Performance, Organizational Efficiency, Workforce Productivity, Employee Engagement, Non-monetary Benefits.
DOI: https://doi.org/10.5281/zenodo.10462115
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23DEC1861.pdf
REFERENCES