REWARD SYSTEM AND ORGANIZATIONAL PERFORMANCE IN THE MANUFACTURING INDUSTRY IN SOUTH-SOUTH NIGERIA

Kalu Emmanuel Agbaeze (PhD), Oguehri Chuks Ebirim (PhD)

Abstract


This study was carried out to investigate reward system and organizational performance in the manufacturing industry in South-South Nigeria. It has an empirical study of five chosen manufacturing firms in South-South, Nigeria. A survey research design was adopted and primary data was used to collect data by administering a set of questionnaires to 257 management staff of chosen manufacturing companies from Rivers, Delta and Bayelsa States respectively. The findings of the study revealed that reward system had a significant effect on organizational performance. The hypotheses formulated were tested using the simple linear regression, Pearson product moment correlation co-efficient and the chi-square method. It was concluded that reward system should be a match with the organizational performance so that employees would perform their roles with high spirit in the manufacturing industry. It was recommended that organizations like the manufacturing companies should implement appropriate reward system that would improve the performance of their employees. Inclusive measures to be taken are market rate analysis, financial and non-financial rewards which would boost the morale of workers to perform well.

Keywords


Reward System, Organizational Performance, Organizational Commitment, Employee Performance, Financial Rewards, Non-Financial Rewards.

Full Text:

PDF

References


Ajila C., and Abiola A (2004) Influence of rewards on worker`s performance in an organization; Journal of social sciences 8(1), pp.7-12.

Aktar, S., Sachu, M.K., and Ali, M.E. (2012) The impact of rewards on employee performance in commercial bank of Bangladesh: An empirical study. Journal of Business and Management, pp. 4-7.

Armstrong, M. (2012) Handbook of reward management practice. Improving employee performance through reward system. Pp. 47-55.

Azasu S. (2009). Rewards and performance of Swedish real estate firms, compensation and benefits review, 41(4): pp.19-28.

Badrinarayan S.R and Tilakar, P.C. (2011) Critical analysis of motivators and hygiene factors with special reference to employees of private and public sector in India; International journal of research in IT and management ,Vol. 1(1), pp.39-50.

Cohen, G.L. (2003) Person-Organization Commitment: Bonds of Internal Consumer in the Context of Non-profit Organizations; Journal of American Psychological Association, pp. 3-7.

Dessler, G. (2011). Human Resource Management, Global Edition, Twelfth Edition, pp. 32-39.

Ezigbo C.A (2011). Advanced management theory and applications, immaculate business support services. Enugu, pp. 69-76.

Gavrea, C., Illies, L. and Stegeren, R. (2011) Determinants of organizational performance: A case of Romania. Vol. 6, No. pp. 285-300.

Hellriegel, D., Slocum J., Slocum J.W. (2010) Organizational behaviour in the Workplace, pp. 4019-439.

Jones, R.G and Culberston S.S (2011) Why performance will remain in the workplace? Vol. 4(2), pp. 179-181.

Kitoito, J. (2011) Impact of reward system on organizational performance in Tanzanian manufacturing industry, pp. 8-15.

Lawler, E.E (2008) Talent; making people your competitive advantage, San Francisco: Jossey-Bass, Vol.31, Issue 3, pp. 2-5.

Manus, T.M., and Graham, M.D (2003) Creating a Total Reward Strategy. American Management Association, New York, pp. 737-753.

Meyer, J.P., and Allen, N.J. (1997) Commitment in the Workplace: Theory, Research and Application. Sage Publication, pp. 106-112.

Mikander, C. (2010) Impact of a reward system on employee motivation in Motonet-Espoo UK, pp. 37-51.

Miller, G.A. (2003) Understanding the behaviour of non- profit board of directors, Journal of American Psychological Association, Vol.7 (3), pp. 141-144.

Morrow, P.C. (1998) Theory and measurement of work commitment, Academy of Management Review, Vol.8 (3), pp. 486-500.

Ong- Sand, H. (2012) Reward system and performance with Malaysian manufacturing companies, IDOSI publications, Faculty of economics and management, University Putro Malaysia, pp. 1009-1017.

Pulakos, E.D and O`Leary R.S (2011). Why is performance management broken? Industrial and organizational psychology: perspectives on science and practice, Vol.4, pp.146-164.

Quresh, S.K., Zaman, T., and Shah, R.A. (2010) Relationship between Reward and Employee Performance in the cement industry in Pakistan: Journal and international Academic Research,Vol.10 (2), pp.19-29.

Rahim, M. (2013) Rewards and motivation among administrators of University of Sultan, Zainal Abidin (Unisza); An empirical study of reward system, Global Journal of Business Social Science, Review 1(4), pp.10-17.

Reichers, A.E. (1985) Organizational Commitment: Clarifying the concept and simplifying the existing construct typology, Academy of Management Review, Vol.10 (3), pp. 465-476.

Richard, P.J., Devinney, T.M., Yip, J.S., and Johnson, G. (2009) Measuring organizational performance: Towards Methodological Best Practice, Journal of management. pp. 719-745.

Stajkovic, A.D., and Luthans, F. (1997) A meta-analysis of the effects of organizational behaviour modification on task performance. Academy of International Management Journal, Vol.40, No.5, pp.1122-1149.

Upadhaya, B., Munir, R. and Blount, V. (2014) Association between performance measurement systems and organizational effectiveness. International Journal of Operations and Production Management, Vol. 34/7, pp.2-3.

Yasmeen, R., Farooq,U., and Asghar, F. (2013) The impact of reward on organizational performance in Pakistan, European Scientific Journal, pp.23-35.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2020 Kalu Emmanuel Agbaeze (PhD), Oguehri Chuks Ebirim (PhD)

 

 

 

 

 

 

 

 

 

ISSN (PRINT):    2682 - 6135

ISSN (ONLINE): 2682 - 6127

 

 

   

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.