Abstract

This study explored the relationship between organizational reward system and employee performance. Competition has become tenser in various sectors of the economy, organizations are harsh to boost employee morale at work and this situation requires management to be more careful in setting up reward system and remunerations to its employees in addition to their wages and salaries. The objectives of the study are to examine the effect of Employee Benefit on Job Performance and also to investigate the effect of Work Bonuses on Employees Motivation. 124 copies of questionnaire were administered to Cadbury Plc employees in Lagos State, Nigeria to get primary data that treated and tested appropriate research questions and hypotheses accordingly. For the purpose of this study, correlation and descriptive research was employed. The Yamane formula was adopted to determine the sample size. The Statistical Package for Social Sciences and Cronbach’s alpha was employed. The study found out that employee bonus significantly affects employee motivation in business and employee benefit significantly affects job satisfaction in business. The study recommends that organizations need to have a reward system(s) as a standard which is considered fair and equitable. Not having a reward system in an organization will lead to resistance from the employees and also Incentive management and practices such as pay incentives and fringe benefits should be based on realistic and standard methods in accordance with industrial benchmarks, indices and procedures and should likewise conform to ethical valuations and practices.

Keywords: employee benefit, job performance, work bonuses, employees motivation, reward.

JEL Classification: M52, M12, E42.

Cite as: Kowo Solomon Akpoviroro, K.S., Akanmu, P.M., Olalekan, A., Alhaji, S.A. (2018). Moderating Influence Of Organizational Reward System On Employee’s Performance. SocioEconomic Challenges, 4(2), 114-122. DOI: http://doi.org/10.21272/sec.2(4).114-122.2018

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