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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