Authors : MOHAMED SANKOH

Volume/Issue : Volume 9 - 2024, Issue 10 - October

Google Scholar : https://tinyurl.com/2kcr2yda

Scribd : https://tinyurl.com/3avd3xa7

DOI : https://doi.org/10.38124/ijisrt/IJISRT24OCT1086

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : Rewards are essential for any organization, as they help to engage and rejuvenate the sense of community and mission at the workplace. When properly implemented, reward systems can encourage high-quality work and improve employee retention. Conversely, if not managed well, they can lead to low morale, unproductive performance, and high turnover rates. To be successful, a reward system must be perceived as fair, consistent, and relevant by employees. The main aim of this research was to examine how reward systems impact employee retention. It is advised that managers make it a habit to verbally acknowledge and appreciate employees' achievements when they excel in their tasks and meet goals. In conclusion, reward systems are crucial for motivating employees to enhance their efficiency, effectiveness, and commitment to organizational objectives. These systems are planned activities that organizations use to motivate employees to achieve company goals. While some organizations view reward systems as an extra expense, it is important to understand that recognizing and rewarding employees is essential. The positive results of such recognition encourage employees to invest more effort, skills, and abilities, ultimately boosting overall productivity.

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