TO UNDERSTAND THE INFLUENCE OF REWARD MANAGEMENT PRACTICES ON EMPLOYEE PERFORMANCE

Abstract

Reward management is a combination of both financial as well as non-financial rewards which have become very much essential from organizations as well as from employee’s point of view In the modern business world,the employer are also very much aware on the issue and initiate necessary steps to meet there requirement of the employees to set up various provisions from time to time for obtainingtheir goals as well as for safe guarding the interest of the employees. This study seeks to examine the relationship between rewards and employee performance as well as to identify the relationship between extrinsic and intrinsic rewards. The study explored factors determining extrinsic and intrinsic rewards and their impact on employee performance. Descriptive statistics based frequency tables and graphs were used in the study to provide information on demographic variables. The results are investigated in terms of descriptive statistics. A total of 120 questionnaire were distributed to the IT employees out of which 100 respondents answered the questionnaire properly. The result indicated that there is a statistical significant relationship between all the dependent and independent variables, employee performance and all independent variables have a positive influence on employee performance.