THE IMPACT OF ORGANIZATIONAL REWARD SYSTEM ON WORKERS ATTITUDE AND MOTIVATION TO WORK


THE IMPACT OF ORGANIZATIONAL REWARD SYSTEM ON WORKERS ATTITUDE AND MOTIVATION TO WORK

ABSTRACT

This project works looks at the “The impact of organizational reward system on workers attitude and motivation to work” Reward is designed to compensate for the effort of workers to the attainment of organizational objectives. It was found that workers satisfaction with the reward system of an organization will give rise to develop positive attitude towards their job. The theoretical part of the study introduces different theories of motivation and rewarding. Emphasis is put on Maslow's hierarchy of needs, the goal-setting theory, and the total reward system. The empirical part of the thesis was conducted using a quantitative research method. The data was gathered with the help of a questionnaire, some of the respondents express dissatisfaction with the organization's reward system, some also pointed out the margin between the organization's reward system and other similar organizations. The research supports the assumption that a well developed and functional reward system can increase employee motivation and satisfaction.

TABLE OF CONTENT

Title Page

Certification

Dedication

Acknowledgment

Table of content

Abstract

CHAPTER ONE 10

INTRODUCTIONError! Bookmark not defined.

BACKGROUND OF STUDY10

STATEMENT OF THE PROBLEM11

OBJECTIVE OF THE STUDY12

RESEARCH QUESTIONS13

RESEARCH HYPOTHESES14

SIGNIFICANCE OF STUDY14

LIMITATIONError! Bookmark not defined.

SCOPE OF STUDY16

CHAPTER TWO 17

LITERATURE REVIEW17

THEORIES OF MOTIVATION20

REWARDS AND INCENTIVES25

THE TOTAL REWARD SYSTEM27

TYPES OF INCENTIVES29

RECOGNITION AND CELEBRATION31

THERE ARE SIX TYPES OF RECOGNITION32

CHAPTER THREE 35

RESEARCH METHODOLOGY35

SAMPLING AND SAMPLING TECHNIQUE36

SOURCE OF DATA37

QUESTIONNAIRE METHOD37

SECONDARY SOURCE OF DATA38

PRIMARY SOURCE OF DATA38

VALIDITY AND RELIABILITY OF INSTRUMENTS38

METHOD OF DATA ANALYSIS39

CHAPTER FOUR 40

DATA PRESENTATION AND ANALYSIS40

PRESENTATION OF DATAError! Bookmark not defined.

DATA ANALYSIS43

HYPOTHESIS II44

HYPOTHESIS III46

DISCUSSION AND FINDINGS47

CHAPTER FIVE 48

SUMMARY OF FINDINGS AND CONCLUSION AND RECOMMENDATIONSError!

Bookmark not defined.

SUMMARY OF FINDINGS48

CONCLUSION49

RECOMMENDATION49

Bibliography 51

CHAPTER ONE: GENERAL INTRODUCTION

1.1 BACKGROUND OF STUDY

Employee motivation is one of the most essential parts of a company’s development and success. In order to maximize the overall performance of the company, it is vital for an employer to understand what motivates the employees and how to increase their job satisfaction. It might, however, be challenging for a company to find out what motivates its employees, especially because different people are motivated by different things. A well designed and functional reward system is an efficient way to increase employee work motivation. The appropriate type of reward is developed in accordance with the company's reward philosophy, strategies, and policy. However, it might be challenging to find the right way to combine the company’s integrated policies and practices together with the employee’s contribution, skill, and competence. Nigeria is a nation that is blessed with abundant human and material resources, in spite of these; it is surprising to observe that Nigeria is still rated among the less developed countries in the world. This may be attributed to the fact that human and material resources are poorly harnessed and utilized. One of the poor utilization of human and material 11 resources in Nigeria is the Nigeria Attitude to work which is highly attributed to motivation.

1.2 STATEMENT OF THE PROBLEM

The problem here is that most organizations have gone under because their organizational reward systems do not favor employees and thereby do not motivate them towards putting their best into jobs. There are many discrepancies that occur in organizations due to an inappropriate reward system. Also as a reward system is in the field of human resources, it is an opportunity to increase my knowledge in this complex field. One of the problems that can be identified in the organization is motivation. This has become a serious concern since we are dealing with a fast-evolving environment. The workforce has adapted to be flexible with new working hours, work with new tools, and even being multi-skilled, both technical and interpersonal. Moreover, workforce flexibility is requiring employees to have the ability to adapt to relatively management supervision. The present working environment presents stressful factors where the workforce finds itself more and more pushed to its limits. Moreover, there is the problem of absenteeism. An organization without a good reward system often finds itself in conditions of a high rate of absenteeism. This weights heavy on the balance of the organization since 12 it is not operating at full capacity. In the end, the origination will have no option but to take action against its own employees. This will defiantly cause more trouble and will further affect the proper running of the organization. Another problem is the low performance of the employees. Low reward the system can lead to low performance of employees in an organization. Because rewards boost the morale of the employees in an organization. Much concern has been put to the rewarding of employees since performance appraisal is carried out. There has always been this concern as the rightly rewarding employee has a direct impact on the performance, productivity and satisfaction of the employee’s performance has become a cornerstone for rewarding

1.3 OBJECTIVE OF THE STUDY

The main objective is to identify the reward system that the organization is using for its employees. Hence the following will be considered

1. If the reward system motivates the employees to work more effectively.

2. To know whether the reward system leads to employee satisfaction.

3. To know if the reward system is retaining employees. 

4. If the reward system is acting as a driving force to encourage the employee to perform better

5. shed light on whether the reward management system reward people for the value that they create

6. To know the outcome of the efficiency and performance of the employees with reward strategies.

7. To know the worker's perception of the reward system at the organization

8. To know the problem associated with the reward system of workers in the organization 

1.4 RESEARCH QUESTIONS

1. What motivates the employees of the Coca-Cola bottling company?

2. Which reward system do the employees perceive the most motivating?

3. How can the reward systems be further developed?

4. Does an organization reward system have an impact on workers productivity

5. Does an organization reward system improve the impact on the cost of production

1.5 RESEARCH HYPOTHESES

The following hypothesis will be tested

I.

HO: A satisfactory reward system will have no impact on workers productivity.

Hi: A satisfactory reward system will have some impact on workers productivity

II.

Ho: An organization reward system has no significant impact on the cost of production

Hi: An organization reward system has a significant impact on the cost of production

III.

Ho: There is no significant between the attitude of a motivated employee and a non-motivated employee conflict management

IV. 

Hi: There is a sign between the attitude of a motivated employee and a non-motivated employee conflict management 

1.6 SIGNIFICANCE OF STUDY

Today an organization's result is highly dependent on the employee's 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 right combination of immaterial and material 15 rewards can boost up the employees' work motivation and enhance their commitment to the company. This study will be of great benefit to the organization under study and other organizations in general The aim of this study is to investigate and analyze how well the current reward system of Coca-Cola helps generate employee motivation. More specifically it aims to find out which aspects of the reward system functions well, and which aspects could be further developed and improved in order to increase employee satisfaction. . This research has the following significances a. This study will help organizations improve the level of efficiency of employee i.e the reduction of cost of operation and increase productivity b. It will help to build a friendly relationship in the organization i.e industrial interest and dispute in employees will reduce c. The study will help increase employee retention and performance i.e it will help reduce employee turn over d. This study will help provide a clear line of sight to a career path that will take the employee to the next level. e. This study will help put human resources into action. f. It will serve as literature to students in the tertiary institutions

1.7 SCOPE AND LIMITATION OF THE STUDY

Almost all the organizations that are involved in the activities of labor have a system of reward designed to motivate them towards increased productivity. This research work is a case study of coca-cola plc Sokoto. This study will be focused on how the organizational reward system affects works attitude to work, the theoretical part of this study introduces different theories of motivation and reward system. This study will look at the role of the attitude of workers towards increased productivity, and also investigate the relationship between the levels of job satisfaction or workers' performance. 

The research conducted focuses only on the employees of Coca-Cola, which means that the sample-size is limited. Furthermore, limitations were set on the theories used to analyze the level of motivation and satisfaction with the reward system. The author used Maslow’s hierarchy of needs, the goal-setting theory, and the total reward system to analyze the results. The questionnaire was filled in anonymously and was therefore limited to be analyzed on general and not individual bases.

.

THE IMPACT OF ORGANIZATIONAL REWARD SYSTEM ON WORKERS ATTITUDE AND MOTIVATION TO WORK



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.NET

Researchwap.net is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.net guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.