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The Effect of Monetary and Non-Monetary Rewards on Employee Engagement and Firm Performance

Year: 2014

Type: article

Abstract: This research explores the concept of employee engagement and how employee engagement can be strengthened by offering monetary and non-monetary rewards to employees. The objective of this research was to assess the relationship between employee engagement and high firm performance. For testing hypothesis data were collected through questionnaires from 250 respondents. Hierarchical linear regression was used to estimate the effect of rewards on firm performance mediated through employee engagement. Results disclosed the fact that monetary and non-monetary rewards can increase the level of employee engagement and high level of employee engagement is an important cause for high firm performance. Keywords: Employee Engagement, Monetary Rewards, Non-Monetary Rewards, Perceived Organizational Performance

Source: Journals & Books Hosting (International Knowledge Sharing Platform)

Authors: Zafarullah Waqas, Sharjeel Saleem

Language: English

Topic: Employee Performance and Management

Subfield: Organizational Behavior and Human Resource Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W1500698335

FWCI: 2.835

Cites: 17

Cited by: 37

Related to: 10