An Assessment of the Contribution of Reward Systems to Organizational Performance

The study assessed the contribution of intrinsic and extrinsic and extrinsic reward system to organizational performance. Also the study tested the existence of the relationship between reward system and organizational performance. The variables under study involved intrinsic reward systems such as skill variety, task identity, task significance, autonomy, task feedback, and recognition as well as the extrinsic reward systems such as Extrinsic reward system such as bonus, housing allowances, salary increment, vocational travel, and promotion. The study used SPSS as the analysis software and the descriptive statistics and ANOVA were used to analyze the data and test the relationship between the variables. The findings indicated that reward system contributes to employee performance and organizational performance. The study urges the organization to improve on the reward system in order to improve on its performance. Further studies can be done on assessment of reward systems and organizational productivity and profitability