• subalakshmi TS

Rewards are a powerful motivational tool for employees, crucial in aligning strategic goals with business objectives to enhance performance and productivity. This project explores various organizational reward systems and their impact on employee performance, aiming to suggest improvements based on findings. Using a descriptive research design and simple random sampling, data from 123 employees were collected through questionnaires and interviews. Statistical tools like Percentage method, Chi-square, Correlation, and Weighted average were used for analysis. The study reveals that employees are satisfied with the company's remuneration, bonuses, incentives, and promotion criteria, feeling these are competitive with current market trends. Both monetary and non-monetary rewards are valued, with a preference for bonuses, incentives, and quality control awards. The study suggests focusing on these preferred rewards to further enhance employee performance.

Reward system, motivational, employee satisfaction, employee performance.

"A study on effectiveness of reward system ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 6, page no.e585-e592, June-2024, Available :http://www.jetir.org/papers/JETIR2406476.pdf

"A study on effectiveness of reward system ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 6, page no. ppe585-e592, June-2024, Available at : http://www.jetir.org/papers/JETIR2406476.pdf