THE EFFECT OF REWARD SYSTEM ON EMPLOYEE PERFORMANCE AT PANTEC COMPANY LIMITED

This study focuses on the effect of reward system on employee satisfaction and job performance in Pantec Company Limited. The data are collected of 109 employees of non-managerial level at Pantec Company Limited. The two extrinsic rewards are specified as compensation and benefit and the three extrinsic rewards are identified as work-life balance, performance management, and development and career opportunities. The findings indicate that benefit and performance management have significant effect on employee job satisfaction although intrinsic rewards have more specified effect than extrinsic rewards. The employee job satisfaction also influences on employee job performance in Pantec Company Limited. To survive as healthy organization, company needs to emphasize more on intrinsic reward especially on development and career opportunities