presentation show

Tajammal SarwarMC120401581MBA ExecutiveManagement

Rewards or Recognitionas a Source of Motivation

An analytical study to find which source is important for employees

Introduction

Rewards Recognition

Motivation

Venture Technologies UAE LLC

Objectives

Factors of Motivation Rewards & Recognition Practices in Organization Measuring Motivation Level of Employees Relationship between Reward, Recognition & Motivation Suggestions for Improvements

Significances

Better understanding of Organizational Competency Concluding Significance of Rewards & Recognition Role of Employees in Business Activities Management responsibility towards Employee’s Welfare Assisting Management to Raise Employee’s Motivation Helps in Attracting and Retaining Skilled Employees

Research MethodologySourcesPrimary

Manual questionnaire E-Questionnaire

Secondary

Journals Books Case studies Web sites

Research ToolQuestionnaire

Questionnaire TypeFive points liker scale

Research MethodologyQuestionnaire Parts1. Demographic (Personal Information)2. Motivation

I. Work contentsII. Working conditionsIII. PersonalIV. Leader / Supervisor

3. RewardsI. PaymentII. BenefitsIII. Promotion

4. Recognition

Research MethodologyLevels1. Senior Management2. Experienced Professionals3. New Team members

Unit of AnalysisIndividual Employee

Sample Size40 Employees

Sampling TechniqueStratified Random Technique

Data ProcessingData Sheet:Data recorded in five liker scale arranged in Word Data Sheet.

Statement Strongly Disagree 1

Disagree2

Neutral 3 Agree 4 Strongly Agree 5

REWARDSQ.1

Q.2

-

Q.9

RECOGNITIONQ.1

-

Q.4

MOTIVATIONQ. 1

Q.2

-

Q.25

Q. 26

Data Processing

RewardsResponde

ntQ.1

Q.2 Q.3 Q.4 Q.5 Q.6 Q.7 Q.8 Q.9 Mean

1 4 4 4 4 5 2 2 4 3 3.562 4 3 4 4 5 2 2 3 3 3.33- - - - - - - - - - -- - - - - - - - - - -- - - - - - - - - - -- - - - - - - - - - -

39 4 4 3 4 5 4 4 4 4 4.0040 2 3 4 3 4 4 4 3 2 3.22

Mean 3.4 3.3 3.4 3.2 4.1 3.5 2.8 2.8 2.7 3.26

Rewards Mean Values:Mean values of all responses along with all 40 employees

Data Processing

RecognitionResponde

ntQ.1

Q.2 Q.3 Q.4 Mean

1 4 3 4 4 3.752 4 4 4 4 4.00- - - - - -- - - - - -- - - - - -- - - - - -

39 4 4 4 4 4.0040 3 4 4 3 3.50

Mean 3.6 3.3 3.4 3.3 3.41

Recognition Mean Values:Mean values of all responses along with all 40 employees

Data Processing

MotivationResponden

tW.1

W.2

W.3

W.4

- - - - - W.24 W.25 W.26 Mean

1 5 5 4 4 - - - - - 4 4 4 4.042 4 4 4 5 - - - - - 4 4 4 4.043 4 5 5 4 - - - - - 4 3 4 3.69- - - - - - - - - - - - - -- - - - - - - - - - - - - -

39 5 4 4 4 - - - - - 5 4 4 4.4240 4 4 4 2 - - - - - 4 4 4 3.73

Mean 4 4 3 3 - - - - - 3.8 3.3 3.15 3.74

Motivation Mean Values:Mean values of all responses along with all 40 employees

Data ProcessingRespondents’ Data Organized:Mean values derived from Word data sheet of each respondent.

Respondents Rewards Recognition

Motivation

1 3.56 3.75 4.042 3.33 4.00 4.04- - - -- - - -- - - -

39 4.00 4.00 4.4240 3.22 3.50 3.73

Mean 3.26 3.41 3.74

Data Analysis

1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.000.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

Rewards vs Motivation

Motivation

Rewards

Mot

ivat

ion

Scatter Chart

1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.000.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

Recognition vs Motivation

Motivation

Data Analysis

Recognition

Mot

ivat

ion

Scatter Chart

Pearson Correlation Function

Data Analysis

Rewards Motivation

Rewards 1

Motivation 0.790887979 1

Coefficient of correlation = 0.79

Pearson Correlation Function

Data Analysis

Recognition Motivation

Recognition 1

Motivation 0.724230365 1

Coefficient of correlation = 0.72

Rewards1. Satisfied with pay scale2. In time salary3. Overtime4. Health insurance

Conclusion & Findings

Recognition1. Appreciation / Acknowledgment2. Constructive criticism

Conclusion & Findings

Motivation1. Interest in work and ease of control2. Responsibility (self realized and confident)3. Job security4. Routine job / No learning5. Over work6. Absence of career development7. No policy of promotion

Conclusion & Findings

1. Involvement in decision process2. Avoid salary deductions3. Professional training for team building and performance

appraising4. Employees should be respected to build their self esteem5. Career development plan6. Introduce Employee of the month reward program7. Management should welcome innovative ideas8. Employees should get share of annual profits/bonuses9. Organization should offer annual home return air tickets

Suggestions

Thank You