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1 2020

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Monetary Reward System and Employee Motivation: Empirical Evidence on Management Institution in NCR

Tomar Annu, Sengupta Sarthak

Annals of Computer Science and Information Systems

2020

Vol. 24

129--130

The reason to conduct this research study is to demonstrate the direct link of the various incentives to the employees for their motivation and also to know to what extent various rewards or incentives are utilized in the private and public organizations to motivate the employees. This study reveals the relationship between incentives such as participation in decision making, favorable climate, salary, bonus, etc. and employees' motivation in any organization. To realize the objectives of this paper, a survey study was administered on the teaching staff of various management institutions in NCR. The relevance of this study is very much attractive and going to be popular for academia because monetary rewards are the best majority of people and one and only common incentive for all employees to attract and retain. In the methodology, a structured questionnaire used for data collection instruments. Both descriptive and exploratory statistics were used to analyze and interpret data of around 100 samples collected through random and convenience sampling. On the basis of previous research and current findings, a triangulation model on the employer branding process has been developed and presented.As indicated by the aftereffects of the examination, a large portion of the representatives imagine that the degree of usage of the fiscal impetuses in their association is lacking. Likewise, the discoveries recommend that the estimation of financial motivating forces as much as non-money related motivators. Along these lines, inside the confinements of the study, it might be presumed that financial impetuses or prizes can possibly build the inspiration of faculty in general society and private association. It is additionally discovered that among all the money-related impetuses or prizes 'reward and motivators' is the most significant motivating force to rouse the representatives in the association.