Impact Of Motivational Rewards on Employees Essay Example for Free

Impact Of needal rejoins on Employees Essay wantInternal and external factors that stimulate desire and energy in people to be continually kindle and committed to a job, role or subject, or to make an effort to attain a goal. Motivation returns from the interaction of both conscious and unconscious factors such as the (1) intensity of desire or need, (2) fillip or reward value of the goal, and (3) expectations of the individual and of his or her peers. These factors be the reasons one has for behaving a certain way. An showcase is a student that spends extra time studying for a test because he or she wants a better grade in the class.MOTIVATION IN BUSINESSCompanies gutter motivate employees to do a better job than they otherwise would. Incentives that provoke be offered to rung include summationd pay or improved snuff iting conditions. Motivational theories suggest ways to encourage employees to work grievouser. A motivated men results inIncreased come input cause d by extra effort from workers.Improved quality as staff squander a greater pride in their work. A higher level of staff retention. Workers are keen to stay with the firm and to a fault reluctant to take unnecessary days off work. Managers can watch employee motivation in a variety of ways Monetary factors roughly staff work harder if offered higher pay. Non monetary factors other staff respond to incentives that have nothing to do with pay, eg improved works conditions or the chance to win promotion.BACKGROUND OF THE STUDYReward Systems is a vital aspect of both organization. They can actively engage and renew the overall sense of community and mission of an organization Reward dodgings according to Sziligyi 1981, are outcomes or events in the organization that satisfy work related needs. Rewards systems are a great deal more than just bonus plans and stock options but while they often include intrinsic incentives, they also include extrinsic. A well-organized reward system w ill motivate and energize employees because it recognizes the cover toments of employees . Reward system employ by organization willinfluence employees behavior and attitude towards their job if the rewards satisfy their needs and booster them to reach their personal goals. When employees desire to get the rewards, they will change their behavior in order to achieve the minimum level of performance required by organization.Organizations often design and implement the reward system without linking it with the ultimate improvement of organizations performance .Therefore, the reward system is unable to conduce importantly to the performance of an organization Motivation is such a factor that exerts a driving force on our actions and work. According to Baron (1983) motivation is an accumulation of different processes which influence and direct our behavior to achieve some specific goal. Motivation depends on certain intrinsic, as well as, extrinsic factors which in collaboration re sults in fully committed employees. Incentives, rewards and recognitions are the prime factors that impact on employee motivation.The factors like incentives and rewards are the most preferent factors for employee motivation programs Rewards is one of the important elements to motivate employees for contributing their best effort to generate innovation ideas that precede to better business functionality and further improvise company performance both financial and non-financially. Today an organizations result is highly dependent on the employees work motivation. It is therefore important for a company to find out what motivates its employees so that it can plan a suitable reward system and gain better results. The cover combination of intrinsic and extrinsic rewards can boost up the employees work motivation and enhance their committal to the company.COMPANY PROFILESKASBITKASBIT Private Limited is the parent body of KASBIT that was established in September 1999, through registr ation with Securities Exchange Commission of Pakistan, Government of Pakistan. It is the initiative Private Sector demonstrate of Higher Education that was registered as a Corporate body. Since its inception, KASBIT has achieved many a mile-stones that advocate its high standard, honesty and quality recognition. KASBIT is Chartered by the Government of Sindh and recognized by the Higher Education Commission of Pakistan, which has also awarded the highest category W(4) rating to KASBIT in recognition of the high educational standards that it maintains KASBIT isrecognized by the Higher Education Commission of Pakistan and has been awarded the highest ranking of W(A) beneath whom the standards of educational institutions are scrutinized and evaluated in Pakistan. KASBIT became a member of the Association to Advance Collegiate Schools of Business (AACSB), which is base in the US to ensure the quality and continuous improvements in collegiate management education. KASBIT was certif ied by ISO in January 2002 in recognition of the high quality control system that it has in place. By this virtue, KASBIT became the first ISO-9001 Certified Degree Awarding Institute in the Private Sector of Pakistan.BAHARIA UNIVERSITYPakistan Navy established Bahria Institute at Islamabad and Karachi in the late eighties. These Institutes were aimed at providing quality and uninterrupted education up to intermediate level, to the children of naval personnel on their transfer from one station to another and in turn to contribute to the cause of promotion of education at the matter level. Over the years these Institutes grew in size and facilities, conduct to the starting of BBA and B.Sc(CS) classes in 1995. These programs have since been upgraded to BBA (Hons), BCS (Hons) and MBA, MCS Program which were introduced in Fall 1997 as evening programs run on a humbleder floor the management of two independent Institutes one each at Karachi and Islamabad respectively. The institutes are known as Bahria Institute of Management and Computer Science short title BIMCS suffixed with the location i.e. Karachi or Islamabad. ObjectivesBahria University, though actually young, has the will and determination to develop and attain the objectives set forth be junior-grade Ensure academic excellence through quality education in disciplined and peaceful larn environments. Establish Campuses, Research Institutes, Schools and Colleges crossways the length and breadth of Pakistan to turn population explosion into knowledge based force. Prepare the younger coevals to become future leaders and managers for a prosperous and educated Pakistan, through development of their mental, moral and overlord strengths. Ensure academic excellence through quality education in disciplined and peaceful nurture environments. Constantly monitor and upgrade facilities and updatethe curricula to keep pace with the emerging trends and technologies. Coordinate and provide facilities for mass m eeting of knowledge and applied research in the newly emerging fields in collaboration with national and international Universities and research institutes. look for AREAHuman resource (HR)OBJECTIVEFind out to what extend does employees performance influenced by motivationPROBLEM STATEMENTDecreasing Employees performance satisfaction due to deprivation of motivational factors that drives employees productiveness level at its best in educational sector.KEY RESEARCH QUESTIONS1. What Is the Relationship between Employees surgical process and motivation?2. How many types of motivation that drives employees productivity?3. What Is the Effect of integral motivation On Employees carrying out?4. What is the Effect of Extrinsic motivation On Employees Performance?5. What measures can be taken to increase employees motivation level?6. What are the factors behind the low productivity of employee?7. What should be the behavior of employer towards the employees job satisfaction?INDEPENDENT VARIABLESIntrinsic Motivation1. light2. Learning opportunity3. life story advancementExtrinsic Motivation1. basal Pay2. Performance rewardDEPENDENT VARIABLESEMPLOYEES PERFORMANCELIMITATIONInsufficient FundsSmall sample sizeTime hindranceHardly possibility that organization will provide authentic information regarding their employees Research can take place only within the cityBeing a students its hard to get perfect information regarding their whole scenario of problemDE-LIMITATIONSRespondents will not provide appropriate receiptEmployees will feel insecure while sharing their organizations point of view. Time consciousCity situations ambit OF THE STUDYThis study will provide a better understanding to employers who have been facing employees low productivity level they can get a better understanding of how motivational factors can influence an employees performance level that ultimately helps in growth of organization. This study will helps organization to increase employees performance through a perfect combination of intrinsic or extrinsic motivational factors. And it can be use in different dimension of business where employers are facing low productivity of employees.HYPOTHESISH1 Recognition has an impact on Employees Performance.Ho Recognition has not impact on Employees Performance.H1 learning opportunity has an impact on Employees Performance.Ho learning opportunity has not impact on Employees Performance.H1 Career advancements have an impact on Employees Performance.Ho Career advancements have not impact on Employees Performance.H1 Basic Pay has an impact on Employees Performance.Ho Basic pay has not impact on Employees Performance.H1 Performance bonus has an impact on Employees Performance.Ho Performance bonus has not impact on Employees Performance.