Rewards effectively form a calculative and psychological attachment with an organization.docx - Rewards effectively form a calculative and psychological

Rewards effectively form a calculative and psychological attachment with an organization.docx

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Rewards effectively form a calculative and psychological attachment with an organization. Rhoades et al., (2001) argue that organizational rewards reflect appreciation and recognition of individual performance. As pay increases with tenure, skills and work experience, satisfaction with rewards implies willingness of both parties to invest time and effort in the continuation of the employment relationship. Many organization implement very good employees retention strategy without offering high compensation or pay based retention strategy (Pfeffer, 2008). An employee reward program is one method of motivating employees to change work routines and key behaviors to benefit an organization (Armstrong 2009). Reward programs are frequently used by organization to try to retain employees. Most studies noted that financial reward is one of the basic types of extrinsic monetary rewards which cover the basic needs of income to survive; a feeling of stability and consistency and recognition in today’s economic times. Compensation is considered an
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important factor for attracting and retaining talented employees. According
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  • Spring '17
  • Kitakuyi Fred

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