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The impact of Reward Systems as a Motivation tool for Employees Performance

Emmanuel, Tayo (2018) The impact of Reward Systems as a Motivation tool for Employees Performance. Masters thesis, Dublin, National College of Ireland.

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Abstract

The aim of this study was to look at the importance of organization rewards system as a motivation tool for employees performance. More and more organisations are realizing that they have to find a good balance between workers contribution to the organisation and the organisations contribution to workers.

Therefore, the objective of this study was to investigate what types of rewards motives employees. likewise, identifying whether there is a comprehensive total rewards system in the financial sector in Ireland, and if there is much awareness of total rewards amongst employees. In order to investigate this research firstly looked at the literature around total rewards system and how it can relate to employee motivation and performance. After conducting various perspectives and studies carried out on rewards systems and employee motivation, these were then outlined for a practical perspective as well as theoretical perspective.

After assessing the literature review, a study was then carried out using a inductive approach to answer the research questions. A qualitative method was used to conduct the research study and data was collected through the use of interviews and focus groups. The researcher used a structured Interviews method for this research, where eight participants were interviewed. Nine participants also took part in a focus group discussion conducted by the researcher. All individual participants were from different companies within the financial industry in Ireland. These participants work full-time of at least over 30 hours a week. The data from these interviews and focus groups was used to measure the participant’s perception on rewards system and whether reward system as a motivational tool has an impact employee’s performance.

The findings from the data collected showed that most participants favoured financial rewards but only for a short period as it does not cater to employee’s needs. While most participants outlined non-financial rewards is a motivational booster and if employers want to retain employees they most implement more on- financial rewards in the Irish financial industries.

It is concluded that totally rewards system is vital in every financial industry in Ireland, and since employer’s are looking for talented people they must produce the types of rewards that will meet employees needs in order to retain them for long term.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management > Performance Management > Motivation
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management > Performance Management
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > Human Resource Management > Performance Management > Reward Management
Divisions: School of Business > Master of Science in Management
Depositing User: CAOIMHE NI MHAICIN
Date Deposited: 01 Nov 2018 13:11
Last Modified: 01 Nov 2018 13:11
URI: http://trap.ncirl.ie/id/eprint/3389

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