Organizational reward system and its impact on employees productivity - case study of small scale manufacturing industry Aba, Abia state Department: Business Administration and Management By: fctnett Project ID: 5994 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractPeople entering organizations go into these organizations with a lot of expectations in mind. In most cases, they want a good salary and other rewards or benefits if they are to be retained in the organization. These rewards include an opportunity for advancement, job security, efficient medical services, a pension scheme, credit for work you do–recognition, transport, and housing, and good working conditions among others. When these rewards appear adequate and meet the expectations of staff they are retained but where they feel that the reward system is not satisfactory they try to leave the organization, far better prospects elsewhere. Apart from its ability to retain the staff, a good reward system is also capable of motivating them to put in their best in the performance of their duty. In fact, the result of a good reward system is efficiency, job satisfaction commitment and increased productivity in the organization. Both management and staff, therefore stand to benefit tremendously from a well-packaged reward system is all of them tend to work toward the achievement of organizational goals. Employee will no doubt work very hard if their efforts are adequately rewarded. Absence of good rewards would bring about poor performance and declining productivity. In order, therefore, to get the best from staff, organizations try to reward their staff in such a way that they are motivated to keep productivity and profitability on a continuous increase. ...Preview Download 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 impact of production planning and control on a manufacturing process ( a case study of Nigeria bottling company aba, abia state)»Marketing implication of merger and acquisition in banking industry - a case study of Access bank Plc, Bida branch, Niger state»The Effect of Motivation on Employees Productivity in Anambra State ( A Case Study of Education Commission Awka )»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 impact of welfare packages on employees performance (A case study of Nigeria breweries plc Aba)»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)»Management Problems of Manufacturing Industries in Nigeria ( A Case Study of Nigeria Breweries Plc and Unilever Plc )»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)»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)