ABSTRACTThis
study the role of reward management in enhancing organizational performances
tries to analyse the available reward package and how it affects employees and
organizational performance, to ascertain the need for management to create a
conducive working environment by providing both physical and psychological
incentives to make employees more committed to organizational goals, to
ascertain the need for management to create a conducive working environment by
providing both physical and psychological incentives to make employees more
committed to organizational goals and to Encourage a good reward policy which
should be channeled towards increasing organizational productivity. The related
literature was reviewed. The findings were analyzed using chi-square to test
the hypotheses. At the end of the study
it was concluded that effective reward systems help an organization to be more
competitive, retain key employees, and reduce turnover. Reward systems also can
enhance employee motivation and reinforce the image of an organization among
key stakeholders or future employees and recommended that the fair reward
management will help in the following an ideal reward management is designed,
it will have positive impact on the efficiency and results produced by workmen
and encourages the normal worker to perform better and achieve the standards
fixed so organizations should embrace the reward management system.
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