The aim of this study was to examine the effect of reward management system on employee performance in the case of IE Network Solution PLC. in Addis Ababa.
In a current highly competitive business environment, having well performing and inspired employees are the main success factor for any organization. In realizing that, in one hand researchers argue well-designed reward strategy plays the major role through enhancing the performance of employees. On the other hand, other scholars claim that rewards have nothing to do with employees’ performance. This study was conducted through a mixed research approach with in both a descriptive and explanatory research design. A total of 80 self-administered questionnaires were distributed to the all staff members of the company. 77 questionnaires were returned. It was valid to run the data analysis. Therefore, the descriptive, correlation and multiple regression analysis were computed through SPSS version 23.
The correlation analysis result shows that promotion and employee recognition positively and moderately associated with performance of employees. However, work condition salary have a positive but weak relation with employee performance. The multiple regression analysis revealed promotion (β=0.313), employee recognition (β=0.319), work condition (β=0.256), and salary (β=0.189) has a significant effect on employee performance. However, benefit packages have no significant effect on performance of employees. Additionally, the regression analysis shows, (R^2=0.579, p<0.05) which indicates 57.9% variations in employee performance is explained through a change in the reward system variables. Generally this study indicated that there is a positive and significant relationship between total reward management system and performance of employees in IE Network Solution PLC. The study recommended that the company should evaluate and redesign its reward system to be integrated with overall strategies of the company for enhanced performance of employees and productivity of the organization.
Inhaltsverzeichnis (Table of Contents)
- CHAPTER ONE
- 1. Introduction
- 1.1. Background of the study
- 1.2. Statement of the problem
- 1.3. Research Questions
- 1.4. The Objective of the study
- 1.4.1. General Objective
- 1.4.2. Specific objectives
- 1.5. Significant of the Study
- 1.6. Scope of the Study
- 1.7. Limitation of the study
- 1.8. Definitions of Terms
- 1.9. Organization of the Study
- CHAPTER- TWO
- 2. Review of theoretical and empirical Literatures
- 2.1. Introduction
- 2.2. The Concept of Reward Management
- 2.2.1. Aim of Reward Management
- 2.2.2. Importance of reward management
- 2.2.3. Reward Philosophy
- 2.3. Theories of Work Motivation
- 2.3.1. Process theories of motivation
- 2.4. Reward and Employee performance
- 2.5. The effect of Reward on performance
- 2.6. Reward Management process
- 2.7. Types of Reward System
- 2.7.1. Financial reward Variables
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This study aims to examine the effect of reward management systems on employee performance at IE Network Solution PLC in Addis Ababa. It employs a mixed research approach, combining descriptive and explanatory designs. The study investigates the relationship between various reward system components (promotion, recognition, work conditions, salary, and benefit packages) and employee performance.
- The impact of reward management systems on employee performance.
- The correlation between different types of rewards (financial and non-financial) and employee productivity.
- The effectiveness of various reward system components in influencing employee motivation and performance.
- The contribution of reward management systems to overall organizational productivity and success.
- Recommendations for improving reward management systems to enhance employee performance.
Zusammenfassung der Kapitel (Chapter Summaries)
CHAPTER ONE: This introductory chapter sets the stage for the research. It provides background information on the importance of employee performance in a competitive business environment and introduces the problem of understanding the relationship between reward systems and employee performance. The chapter clearly states the research questions and objectives, outlining the study's scope and limitations. Definitions of key terms are provided, and the overall organization of the thesis is explained, preparing the reader for the subsequent chapters' detailed examination of the topic.
CHAPTER TWO: This chapter presents a comprehensive review of existing literature on reward management and its impact on employee performance. It explores various theoretical frameworks of work motivation and examines the different types of reward systems, including financial and non-financial incentives. The literature review analyzes existing research on the correlation between reward systems and employee performance, setting the context for the empirical investigation in the following chapters. The chapter synthesizes various theoretical perspectives and empirical evidence to build a strong foundation for understanding the complex relationship between rewards and employee performance. This lays the groundwork for the study's own analysis of reward management at IE Network Solution PLC.
Schlüsselwörter (Keywords)
Reward management, employee performance, financial rewards, non-financial rewards, employee motivation, organizational productivity, reward system design, regression analysis, IE Network Solution PLC.
Frequently Asked Questions: Comprehensive Language Preview
What is the overall purpose of this document?
This document provides a comprehensive preview of a research study focusing on the impact of reward management systems on employee performance at IE Network Solution PLC in Addis Ababa. It includes a detailed table of contents, objectives and key themes, chapter summaries, and keywords.
What topics are covered in Chapter One?
Chapter One serves as an introduction. It lays the groundwork by providing background information, stating the research problem, outlining research questions and objectives, defining the scope and limitations of the study, defining key terms, and explaining the study's overall organization.
What is the focus of Chapter Two?
Chapter Two presents a thorough review of existing literature on reward management and its effect on employee performance. This involves exploring work motivation theories, examining different reward system types (financial and non-financial), and analyzing research on the correlation between reward systems and employee performance. It synthesizes theoretical perspectives and empirical evidence to understand the relationship between rewards and employee performance, setting the stage for the empirical investigation in later chapters.
What are the main objectives and key themes of the study?
The study aims to examine the effect of reward management systems on employee performance at IE Network Solution PLC. It investigates the relationship between various reward system components (promotion, recognition, work conditions, salary, benefits) and employee performance, exploring the correlation between reward types and productivity, and assessing the effectiveness of reward systems in influencing motivation and performance. The study also aims to determine the contribution of reward management to overall organizational productivity and success, ultimately offering recommendations for system improvement.
What research methodology is employed?
The study uses a mixed research approach, combining descriptive and explanatory designs.
What are the key findings or arguments previewed in the chapter summaries?
Chapter One introduces the research problem and lays out the study's structure. Chapter Two provides a comprehensive literature review on reward management and its impact on employee performance, synthesizing existing research to form the basis for the empirical study. Further chapters (not detailed in this preview) would likely present the empirical findings and analysis.
What are the keywords associated with this research?
The keywords include: Reward management, employee performance, financial rewards, non-financial rewards, employee motivation, organizational productivity, reward system design, regression analysis, and IE Network Solution PLC.
What is the overall structure of the research preview?
The preview is structured to provide a clear and concise overview. It begins with a table of contents, followed by a description of the objectives and key themes, chapter summaries, and a list of keywords. This allows for quick comprehension of the study's scope and focus.
- Quote paper
- Esubalew Ginbar (Author), 2020, The Effect of Reward Management System on Employee Performance. The Case of IE Network Solutions Plc, Munich, GRIN Verlag, https://www.grin.com/document/986244
