Rewards Affecting the Organizational Concerns
Rewards Affecting the Organizational Concerns

Summary/Abstract: To obtain and maintain a high-performing workforce, an enterprise must develop a well-conceived compensation program. In addition to a salary, employees may be rewarded with benefit plans, bonuses, perquisites, stock options, and other long-term incentives. The main purpose of this article is to study how rewards affect employee perceptions, attitudes, and behavior in a variety of ways. Also, the purpose of this article is to analyze how organizational efficiency and effectiveness are affected as well. The organizational concerns that are influenced by rewards, analyzed in this article, are turnover and absenteeism, performance, and commitment. In order to retain the best performers, to achieve high-levels of performance and to increase organizational commitment, managers must develop reward systems considering individual differences, integrating individual and organizational goals, designing challenging jobs.

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