Haruna, T. Mohammed;
Mustapha N. Mustapha & Musa Ibrahim
Department of Business Administration
Federal Polytechnic, Bida, Niger State
Email: harunatm73@gmail.com
ABSTRACT
Different individuals have different understanding of employee reward
packages. Some employees consider being recognized by their superior officers
is more rewarding than financial rewards. Others feel that the combination of
increase in internal happiness (intrinsic rewards) and increase in external
happiness (extrinsic rewards) are the best reward packages that can bring about
increase in organizational performance. In this paper, we explored some
thoughts and learning from previous research literatures on employee rewards
and organizational performance. Information
was collected from secondary source, specifically, from recent journals and
textbooks. However, in most of the literatures we found that employees are
positive about the combination of intrinsic and extrinsic rewards as a way of
achieving high organizational performance. Nevertheless, limitations and
further research were also discussed and it was recommended among other things
that organizations should invest in reward packages that can improve on
employee commitment because employees who are not committed in their work
cannot offer their maximum efforts for higher organizational performance to be
realized.
Keywords: Reward, Intrinsic, Extrinsic, Employee, Organization, Performance, Agency, Stewar
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