sitelogo
 Home»Business Administration and Management» Impacts of reward system on workers productivity in insurance companies

Impacts of reward system on workers productivity in insurance companies

 Department: Business Administration and Management  
 By: usericon Ekings  

 Project ID: 2832
   Rating:  (3.2) votes: 11
Rate this project
   Price:₦3000
Abstract
A reward system can be seen as a means of actively engaging and renewing the employee’s sense of community and mission of an organization. In this view, an effectively administered system of rewards can provide an incentive for quality workmanship and performance. Reward system and management is one important Human Resource Management strategy for attracting and retaining high-quality employees as well as facilitating them to improve performance. This study adopted a survey research design. The target population comprised of 1200 staff of insurance firms in Nigeria, especially in Lagos state. Taro Yamane’s formula was used to determine the sample size of 300 respondents. A structured questionnaire was used to generate data. The questionnaire was adapted with Cronbachs Alpha test for the constructs of the variables ranging from 0.887-0.908, respectively. Data were analyzed using descriptive statistics (Frequencies, percentages, inferential statistics (regression). The findings revealed that there was a significant positive relationship between a sense of accomplishment and employee task performance (R0.382, R20.146,p0.0000.05). Recognition& appreciation has a significant positive effect on employee contextual performance (R 0587,R20.345,p0.0000.05).salary& wages has no significant positive effect on employee’s counterproductive behaviour (R0.043,R20.002,p0.4210.05). Fringe benefits has a significant positive effect on employee’s adaptive performance(R0.918,R20.843,p0.0000.05). It was concluded that Combined Reward system variables had a positive effect on employee performance. It was recommended that organizations should ensure that they provide the needed motivation, compensation or remuneration that will spur employees to act towards improving their task performance. They should check employees to ensure that they have the required resources to accomplish a task in record time. ...
Preview +
Other Business Administration and Management project topics and materials you might be interested in
»The Effect of Management Information System on Achievement of Organization Objectives ( A Case Study of Nitel Owerri )
»The Effect of Motivation on Employees Productivity in Anambra State ( A Case Study of Education Commission Awka )
»The impact of production planning and control on a manufacturing process ( a case study of Nigeria bottling company aba, abia state)
»The Impact of Staff Discipline in the Attainment of Organizational Objectives ( A Case Study of Selected Organizations in Owerri, Imo State )
»The Impact of Performance Appraisal on Staff Productivity ( A Case Study of Diamond Bank Plc, Owerri )
»The effect of irregular payment of workers salaries on productivity of workers in imo state (a case study of owerri municipal council)
»A critical evaluation of leadership style and organization performance in the private sector ( a case study of selected establishment in abia state)
»The Effects of Motivation on Workers Morale ( A Case Study of Power Holding Company of Nigeria, Aba )
»Motivation and Employee Performance in Public Sector ( A Case Study of NTA Channel 12 owerri)
»The impact of welfare packages on employees performance (A case study of Nigeria breweries plc Aba)
»An assessment of the impact of modern communication facilities on service delivery in business organization ( A case study of ICT based firms in aba, abia state)
»Management Problems of Manufacturing Industries in Nigeria ( A Case Study of Nigeria Breweries Plc and Unilever Plc )
»The Impact of Delegation on Management Decision Making ( A Case Study of Zenith Bank Plc, Enugu )
»The Role of Customer Service in the Service Delivery of Multinational Companies in Nigeria ( A Case Study of Unilever Nigeria Plc Aba)
»The Effects of Ethics and Social Responsibilities on Business Organization ( A Case Study of Ecobank Plc Owerri )

Upload Project

Do you have project materials to share? Upload and earn with it.

Departments