The Effect of Rewards on Employee Motivation
With Special Emphasis to Micro Finance Companies
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Human resources can make organizations gain a competitive advantage. Employees are the pillars of organizations' success and therefore they must be motivated so that they can contribute to the success of an organization.Employees join organizations with certain values and expectations. If their values and expectations are met, they put forth high levels of effort to achieve organizational goals, and are expected to remain with the organization for long period of time. On the other hand, if there are substantial gaps between what employees want from their jobs and what they get, they are not mo...
Human resources can make organizations gain a competitive advantage. Employees are the pillars of organizations' success and therefore they must be motivated so that they can contribute to the success of an organization.Employees join organizations with certain values and expectations. If their values and expectations are met, they put forth high levels of effort to achieve organizational goals, and are expected to remain with the organization for long period of time. On the other hand, if there are substantial gaps between what employees want from their jobs and what they get, they are not motivated, and the final result will be high levels of staff turnover or attempts by staff to find other ways to fulfill their expectations. This work, therefore, examines the role played by different reward components in the process of motivating employees by quantitatively testing the independent variables (rewards) and dependent variable (motivation). The analysis should be especially useful to professionals in human resource fields or anyone else who are considering further research in the area.
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