Abstract:
Rewards are a major motivational tool which is used by
organizations to try and enhance the performance of the
employees. The purpose of these tools is to create a strong element
of the internal organizational strength and in turn a market based
competency that roots from the value that the employees
contribute. With this dissertation, the purpose is to create a
relationship among the rewards and the performance of the
employee with a more in-depth insight into how the reward types
are connected with the performance of the employees through
focusing on their motivation level as well as their turnover in the
organization. With employees that remain in the organization for
longer periods, a more specialized skill set develops that can be
highly beneficial for the organization. Similarly, motivated
employees are more likely to stay with the organization and hence
the results are favorable. The study focused on the banking sector
with the focus on the reward types which are given out to the
employees and the performance enhancement which is witnessed
eventually. The focal point was to see what organizational mixes
are effective in the banking sector. Through using 200 samples in
two banking organizations, the results were achieved which
provided the results for the hypotheses testing.
