Examining Employee's Perceptions On Organizational Rewards System

Zulkifli, Zuliana Kartini (2014) Examining Employee's Perceptions On Organizational Rewards System. Project Report. UTeM, Melaka, Malaysia. (Submitted)

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Abstract

Increasingly, organizations are realizing that they have to establish an equitable balance between the employee’s contribution to the organization and the organization’s contribution to the employee. Establishing this balance is one of the main reasons to reward employees. Organizations that follow a strategic approach to creating this balance focus on the three main components of a reward system, which includes, compensation, benefits and recognition. This research examined employees’ perceptions on organizational rewards system at Air Kelantan Sdn Bhd and Jati Beringin Sdn. Bhd. The study was conducted for a period of 6 months, identifying the most desirable components in the total reward packages of both entities to assist them formulate and develop the most appropriate compensation strategy. Quantitative method was used in this study. 100 questionaires were distributed with 100 percent returned rate and usable data; to employees ranging from administrative, technical, production and finance. While financial rewards comprise of salaries and benefits, non-financial rewards include protection programs, employee involvement in decision making, effective supervision, recognition training opportunities as well as supportive, nurturing company culture. The findings of this study found that employees in both the firms preferred the financial rewards in the form of premium pay above that of the non –financial to improve performance. Additionally total rewards should commensurate with employees’ contribution to the company.

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