Effectiveness Of Reward

System On Motivational Level

Of Employees
 Introduction
• Reward system is identified as one of the HUMAN RESOURCE
MANAGEMENT (HRM) practice that has greater level of
effectiveness to employee performance and motivation.

• Employees who get recognized or motivated tend to have higher

self-esteem, more willingness to complete the work and to take on
new challenges which outbrings their motivation
 REWARDS
Intrinsic Extrinsic
• They are psychological rewards • They are usually financial or can
and are intangible. They are in be tangible rewards which are
ternal to the work done and it given to the employees for their
depends upon employees own efforts.
efforts. • Example:-
• Example:- Pay raises
Pride in work Bonuses
Gaining Respect Benefits
Recognition Awards
Respect
Advantages of Better Reward
System For The Organization

 It helps to retain top talent.

 It helps in achieving the organizational goals.
 It’s great for increasing loyalty.
 Boosts employee job satisfaction.
 Attracts the fresh-bees.
 Importance Of Reward System for
Employees
It helps the employees to put up their full efforts towards the work.
Reward system helps to boost the motivation levels of the
employees.
It increases the productivity of employees.
It helps the employees to achieve their goals.
It tends to improve the employee job satisfaction.
 EMPLOYEE MOTIVATION
• Reward system is required at each and
every level in the organization.
• Reward system helps the employees to
increase their standards of work.
• This is explained by Abraham Maslow.
Thank you