STUDY ON IMPACT OF REWARD & RECOGNITION ON EMPLOYEES

Abstract

The objective of the research is to understand the Impact of Reward & Recognition Programmes on Employee Motivation with the specific objectives being the identification of the most effective means of rewards and recognition, to study the different behaviors of appreciated and non-appreciated employees, to understand the extent to which motivation enhances employee’s performance, to identify if the motivation has an effect on individual and organizational growth and to understand with examples, Employee Recognition Programmes undertaken by other organizations. The research combined Qualitative and Quantitative data collection. The data was collected through a specifically-designed questionnaire which was floated to respondents with prior work-experience. It was crucial to establish that rewards and recognition have a direct and positive association with job satisfaction and motivation. Respondents who have previously been awarded for their accomplishments by the company are more motivated to carry out their tasks. Respondents who have not been recognised for their accomplishments or whose organizations do not have established Rewards & Recognitions Programs, on the other hand, believe that such a motivating factor is critical for employee satisfaction and the organization's growth.