The role of employee rewards on organizational performance: The case of Namibian vocational training centres
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Date
2018
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Publisher
University of Namibia
Abstract
A well designed system for rewarding labour greatly has a direct relation on the output of employees and therefore positive impact on the performance of the organisation as a whole. The study aimed at providing an objective view of organisations reward systems and their role on organisational performance. It analysed the reward package of the selected Vocational Training Centres, and established whether their current reward systems have any bearing on organisational performance. The sample of the study was randomly selected, 100 questionnaires were distributed and 65 were received back. The research gathered data from two main sources namely secondary and primary sources. The main technique employed in gathering the primary data was a questionnaire. SPSS version 23 was used for descriptive analysis and ANOVA. It was found out from the study that, the employee rewards act as stimulators for employee and organisational performance. The majority of respondents indicated that rewards stimulate them to work harder and that they are prepared to work harder if they are given more incentives, benefits and considered for promotions. It was also revealed from the study that there were enormous reward packages in their organisations but most of them were not enjoyed by the employees therefore it was recommended that compensation packages should be linked to employee satisfaction. Finally, the study recommends further research that could enrich the understanding on the role of rewards on organisational performance.
Description
A thesis submitted in fulfillment of the requirements for the Degree of Master of Business Administration
Keywords
Employee rewards