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Abstract

This review article examines the relationship between reward management practices and their impact on employee behavior and organizational performance. Reward management, encompassing both financial and non-financial incentives, is crucial in motivating employees, enhancing job satisfaction, and fostering organizational commitment. The research aims to provide a comprehensive understanding of how various reward strategies affect employee engagement and performance, ultimately influencing the overall success of an organization. The theoretical framework underpinning this investigation draws on a range of existing literature, identifying key theories of employee behavior and motivation, including content, process, and reinforcement theories. Through a mixed-methods approach, combining quantitative data analysis and qualitative case studies, the study evaluates the effectiveness of different reward practices across multiple sectors. This approach allows for a deeper exploration of the nuanced ways in which rewards influence employee attitudes and behaviors. Findings from the study indicate that strategic alignment of reward systems with organizational goals significantly boosts employee motivation and engagement. Performance-based rewards, including bonuses and recognition programs, are particularly effective in enhancing job satisfaction and productivity. Moreover, non-financial rewards, such as professional development opportunities and workplace recognition, play a vital role in fostering a positive organizational culture and employee retention. The study concludes that a well-designed and effectively implemented reward management system can lead to improved employee performance and organizational competitiveness. Recommendations include aligning reward practices with the strategic objectives of the organization, customizing rewards to meet the diverse needs of employees, and ensuring transparency and fairness in the reward system.

Keywords

Reward Management Practices Employee Behavior Performance-Based Rewards Non-Financial Rewards Organizational Goals

Article Details

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This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Damilola Ayi, T. (2023). The Relationship between Reward Management Practices and Employees’ Behavior. International Journal of Multidisciplinary Studies and Innovative Research, 11(5), 1727–1739. https://doi.org/10.53075/Ijmsirq/0935366473647
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