Indian Journal of Science and Technology

Abstract

Objectives: To study the influence of rewards and recognition on employees’ motivation. To identify the influence of employees’ motivation on job performance. Methods/Statistical Analysis: Descriptive research design is adapted for this study. Convenient sampling technique was applied and data was collected from 114 respondents. As 4 responses had flaws 110 response was considered for analysis. The sample considered for the study was 110, excluding the 4 questionnaire with flaws. Path analysis was adopted for primary data analysis. Findings: It was found that rewards and recognition has influence on employees ‘motivation. This has achieved support from earlier studies and few others. The research also found that there is influence of employees’ motivation on job performance and this supports the findings. It was also found that there is relationship between reward and recognition, this result is supported. Bank management provides updated rewards and recognition which the employees like and in turn this may help to increase employee motivation and its influences employees’ performance and its influences bank performance. Application/Improvements: Thus to improve the performance of the employees the rewards and recognition need to be updated according to the requirement of the employees. Continuous research must be conducted to identify the type of reward that motivates the employees and the reward system need to be reframed in organization. 

Keywords: Employees’ Motivation and Job Performance, Recognition, Rewards