IMPACT OF REWARD ON ORGANIZATIONAL, PROFITABILITY AND EMPLOYEES PERFORMANCE

Abstract:

This study investigates the impact of rewards on organizational profitability and employee performance, with a focus on Emenite Ltd in Emene, Enugu State. By employing a survey research design, the study aims to identify how various types of rewards influence employee satisfaction and, subsequently, the overall performance of the organization. The research involved a participant sample of 92 employees selected through simple random sampling techniques, ensuring a representative cross-section of the workforce. Data collection methods included primary interviews and questionnaires, complemented by secondary sources for a comprehensive analysis. Findings highlight significant challenges within the organization, such as poor motivation, inadequate fringe benefits, below-par salary structures, and overall inefficiency impacting staff performance and company profitability. The study reveals that effective reward systems, which recognize both intrinsic and extrinsic factors, are crucial for enhancing employee motivation and productivity. Recommendations include implementing structured reward systems that emphasize employee rights and privileges and fostering a culture of management by objectives. By addressing these gaps, organizations like Emenite Ltd can enhance their operational efficiency, drive profitability, and cultivate a motivated workforce committed to the company’s success.

Keywords: rewards, organizational profitability, employee performance, motivation

TABLE OF CONTENTS

Title page

Approval page    

Dedication

Acknowledgement

Table of contents

Abstract

Chapter 1

Introduction

1.1 Background of the study

1.2 statement of the problem

1.3 Purpose of the study

1.4 significance of the study

1.5 Scope/Delimitation of the study

1.6 definitions of terms

Chapter 2

Related literature review

2.1 Importance of reward in an organization

2.2 employee level of satisfaction on their intrinsic reward

2.3 Ascertaining level of satisfaction of employees on the extrinsic reward

2.4 Motivation among Nigerian employees

2.5 Employee motivation and company performance conclusion

Chapter 3

Research methodology

3.1 Design of the study

3.2 Area of the study

3.3 Population of the study

3.4 Sample size

3.5 Instrument for data collection

3.6 Validation of the instrument

3.7 Distribution and retrieval of the instruments

3.8 Method of data analysis

Chapter 4

4.1 Data presentation and analysis

4.2 Discussion of findings

Chapter 5

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1 Summary of findings

5.2 Conclusion

5.3 Recommendations

5.4 Limitations of the study

5.5 Further research

References

Appendix i

Appendix ii