Impact Of Motivational Rewards on Employees Essay

MOTIVATIONInternal and external factors that stimulate appetite and energy in people to be continually interested and connected to a billet, role or subject, or to make an effort to unwrap a goal. penury results from the interaction of both(prenominal) sensible and unconscious factors much(prenominal) as the (1) intensity of desire or need, (2) incentive or riposte value of the goal, and (3) expectations of the individual and of his or her peers. These factors ar the reasons integrity has for behaving a sealed way. An example is a assimilator that spends extra time studying for a test because he or she wants a better grade in the class.MOTIVATION IN BUSINESSCompanies hatful motivate employees to do a better job than they some otherwise would. Incentives that rout out be take a leakered to staff intromit increased pay or improved ranges conditions. Motivational theories insinuate shipway to encourage employees to work harder. A motivated workforce results inIncr eased output caused by extra effort from workers.Improved gauge as staff take a greater pride in their work. A higher take aim of staff retention. Workers argon keen to get with the firm and also reluctant to take unnecessary days off work. Managers place influence employee motivation in a variety of ways Monetary factors some staff work harder if offered higher pay. Non monetary factors other staff respond to incentives that have nothing to do with pay, eg improved working conditions or the chance to win promotion.BACKGROUND OF THE STUDYReward Systems is a vital aspect of any formation. They can actively engage and transmigrate the overall sense of community and mission of an organization Reward outlines tally to Sziligyi 1981, are outcomes or events in the organization that satisfy work think needs. Rewards systems are much more than just tribute plans and stock options only while they often include intrinsic incentives, they also include extrinsic. A well-organized rew ard system forget motivate and energize employees because it recognizes the actionments of employees . Reward system implemented by organization will influence employees behavior and carriage towards their job if the rewards satisfy their needs and help 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 operation required by organization.Organizations often bod and implement the reward system without linking it with the ultimate improvement of organizations cognitive process .Therefore, the reward system is unable to contribute significantly to the performance of an organization Motivation is such a factor that exerts a thrust force on our actions and work. According to Baron (1983) motivation is an accumulation of polar processes which influence and direct our behavior to achieve some specific goal. Motivation depends on certain intrinsic, as well as, extrinsic factors whi ch in coaction results in fully committed employees. Incentives, rewards and recognitions are the prime factors that jar on employee motivation.The factors like incentives and rewards are the most preferred factors for employee motivation programs Rewards is one of the significant elements to motivate employees for contributing their best effort to generate innovation ideas that malarky 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 make up better results. The right combination of intrinsic and extrinsic rewards can get ahead up the employees work motivation and enhance their commitment to the company.COMPANY PROFILESKASBITKASBIT clannish Limited is the parent body of KASBIT that was established in Sept ember 1999, by means of Registration with Securities & Exchange committal of Pakistan, Government of Pakistan. It is the first individual(a) Sector imbed of Higher Education that was registered as a collective body. Since its inception, KASBIT has achieved many a mile-stones that advocate its high standard, chastity and shade recognition. KASBIT is contract 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 program lineal standards that it maintains KASBIT is recognized by the Higher Education Commission of Pakistan and has been awarded the highest ranking of W(A) below whom the standards of educational institutions are scrutinized and evaluated in Pakistan. KASBIT became a member of the Association to win Collegiate Schools of Business (AACSB), which is based in the US to ensure the eccentric and continuous improvements in collegiate management education. KASBIT was certified 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 capital of Pakistan 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 institutionalize to another and in turn to contribute to the cause of promotion of education at the national level. Over the years these Institutes grew in size and facilities, leash 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 under the management of two independent Institutes one each at Karachi a nd Islamabad respectively. The institutes are known as Bahria Institute of Management and Computer Science short title BIM&CS suffixed with the location i.e. Karachi or Islamabad. ObjectivesBahria University, though very young, has the will and determination to kick downstairs and attain the objectives set forth below Ensure academic excellence through quality education in disciplined and peaceful breeding environments. Establish Campuses, Research Institutes, Schools and Colleges across the length and breadth of Pakistan to turn universe of discourse explosion into knowledge based force. Prepare the younger generation to mother future leaders and managers for a prosperous and educated Pakistan, through learning of their mental, moral and professional strengths. Ensure academic excellence through quality education in disciplined and peaceful learning environments. Constantly manage and upgrade facilities and update the curricula to keep pace with the emerge trends and technologies. Coordinate and stand facilities for exchange of knowledge and applied research in the newly emerging fields in collaboration with national and international Universities and research institutes. inquiry AREAHuman resource (HR)OBJECTIVEFind out to what get going does employees performance influenced by motivationPROBLEM STATEMENTDecreasing Employees performance & satisfaction due to lack of motivational factors that drives employees productivity level at its best in educational sector.KEY enquiry QUESTIONS1. What Is the Relationship between Employees act and motivation?2. How many types of motivation that drives employees productivity?3. What Is the Effect of Intrinsic motivation On Employees mathematical process?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 towar ds the employees job satisfaction?INDEPENDENT VARIABLESIntrinsic Motivation1. Recognition2. Learning fortune3. life history advancementExtrinsic Motivation1. Basic Pay2. Performance BonusDEPENDENT VARIABLESEMPLOYEES PERFORMANCELIMITATIONInsufficient Funds subtle sample sizeTime barrierHardly 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 livelong scenario of problemDE-LIMITATIONSRespondents will not provide appropriate responseEmployees will feel insecure while sharing their organizations point of view. Time consciousCity situationsSCOPE 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 harvest-festival 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 blow on Employees Performance.Ho Recognition has not impact on Employees Performance.H1 learning chance 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.