IMPACT OF ORGANIZATIONAL REWARD SYSTEM ON STAFF PRODUCTIVITY IN BUSINESS ESTABLISHMENT
ABSTRACT
The main basis for wore Productivity and better performance is the satisfaction of this needs and ambition infact, what a worker expects from doing good job are job secretary recognition, praise and fair treatment, five supervisor and compensation and justice. The achievement of variables company, employee’s satisfaction also serves as an incentive to efficient and effective performance and probably higher Productivity. The study therefore will attempt to charity the various reward system in the Nigerian National Petroleum Corporation (NNPC) with a view to establishing their effect on the Productivity of staff. It also intended to find out whether there is any relationship between reward and performance of staff in the corporation.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
It is a common knowledge that organization be it business concerns, mutual benefit associates, required their employees workers to perform well and behave in certain ways if the organization wants to survive and achieved its aims the various forms of behavior and attitudinal disposition which organization require of their employees in order organization require of their employee in order to realizee set o goal depend on the kind of reward and incentive existing in the organization.
Organization reward system refers to the ways and modalities by which workers in an organization can be motivate or individual to put more efforts that will lead to attainment of the organization goals. Kit is also seen as those motivational tools which an organization adopts Productivity. These rewards or incentive vary from one organization to another and they include the following: advancement opportunities in the company, job security, good salary wages, adequate medical facilities, canteen, services housing, transport, vacation and holiday practice, company attitude towards employee, physical working condition such as office commodation etc.
Management involves motivating people and any human Productivity inevitable leads to the question of incentives and rewards. To most people an incentive implies money any reward but this is not necessary so incentives and reward maybe financial and non-financial. It has to be mentioned here that incentives reward are used for few main purposes.
a. To persuade people to come work.
b. To encourage people to work hard while they are at work.
c. To help people and identify themselves with the objectives of the organization.
d. To show management appreciation of the employee’s, contribution to the survival of the organization.
It is however a common problem that the refusal of employees has always causes discontent. According to Davis (1971:57) the surest signs of deteriorating condition in an organization is job dissatisfaction, the result of which are grievances how productivity disciplinary problems and other organization difficulties in essence, various studies have shown that there is relationship between reward and Productivity in an organization. A well package incentive system couple with appreciation reward has a tendency of influencing employees in the organization. In fact, with increased Productivity, through incentive and reward system, workers will be more satisfied with the job and hence, put in their almost best into achieving organizational goals and effectiveness. However, several writers have come to associate personal Productivity with the type of reward and incentive available in the employees. The most need of the employees are not within the organization through appropriate reward and incentives, the more the like hold that the would be motivated to work and thus satisfy the needs of the organization.