The Effect of Reward Management on Employee Perfomance at Sky Foods Limited

Abstract

Reward management is commonly viewed as management of expectations, which refers to what employers expect in exchange of pay, chance to work and development of skills against the employees input in the organization. The objective of the study was to determine the effect of reward management on employee performance at Sky Foods Limited. For this study, a descriptive survey design was chosen. The target population consisted of all Sky Foods Limited employees. The study collected data from 60 respondents through stratified sampling from the target population. Questionnaire was used for collecting primary data. The study established that, extrinsic reward affects the performance of an organization. The findings further indicated employees have high resilience to overcome any challenges that can come up in the process of performing a task. The study also found that often employee take the initiative to solve work problem. The study concludes that organizations should put emphasis on intrinsic rewards to their employees. The employees should have good interactions across management levels such that they can be in a position to air their views regarding their pay easily. The study also concludes that when employees feel they are highly appreciated they are in a position to work harder in line with organization goals and objectives. The study recommends that management at diverse levels in organizations should understand significance of proper reward management. This study therefore recommends that management should come up with merit based reward system, which will be highly acceptable by employees, hence this would translate to high performance.