IDEAS home Printed from https://ideas.repec.org/a/acg/managt/v9y2021i1p50-53.html
   My bibliography  Save this article

Effectiveness of Monetary Reward System on the Employee's Performance Level

Author

Listed:
  • R Mithunmita

    (Sathyabama Institute of Science & Technology)

  • M John Britto

    (Sathyabama Institute of Science & Technology)

Abstract

Monetary rewards can be defined as money or hard cash rewards given to the employees for their extraordinary work or for the attainment of goals of the organisation. The main purpose of the study is to see how monetary rewards have an effect on the performance level of the employees and how it motivates them. The aim of the study is to find out whether the employees will increase their work or not. This study will help the employers understand which combination of rewards can boost the commitment level of the employees towards the company and it will help the employees find out whether rewards are given fairly them and whether all the employees are treated in the same way. From the results collected from the employees it can be said that monetary rewards have positive impact in the organisation and it makes an employee more loyal towards the organisation.

Suggested Citation

  • R Mithunmita & M John Britto, 2021. "Effectiveness of Monetary Reward System on the Employee's Performance Level," Shanlax International Journal of Management, Shanlax Journals, vol. 9(1), pages 50-53, July.
    • Handle: RePEc:acg:managt:v:9:y:2021:i:1:p:50-53
    DOI: 10.34293/management.v9i1.3883
    as

    Download full text from publisher

    File URL: http://www.shanlaxjournals.in/journals/index.php/management/article/view/3883
    Download Restriction: no
    File URL: http://www.shanlaxjournals.in/journals/index.php/management/article/view/3883/3328
    Download Restriction: no
    File URL: https://libkey.io/10.34293/management.v9i1.3883?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Karthik Muralidharan & Venkatesh Sundararaman, 2011. "Teacher Performance Pay: Experimental Evidence from India," Journal of Political Economy, University of Chicago Press, vol. 119(1), pages 39-77.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Murphy, Richard & Weinhardt, Felix & Wyness, Gill, 2021. "Who teaches the teachers? A RCT of peer-to-peer observation and feedback in 181 schools," Economics of Education Review, Elsevier, vol. 82(C).
    2. Tahir Andrabi & Jishnu Das & Asim Ijaz Khwaja, 2017. "Report Cards: The Impact of Providing School and Child Test Scores on Educational Markets," American Economic Review, American Economic Association, vol. 107(6), pages 1535-1563, June.
    3. Cilliers, Jacobus & Kasirye, Ibrahim & Leaver, Clare & Serneels, Pieter & Zeitlin, Andrew, 2018. "Pay for locally monitored performance? A welfare analysis for teacher attendance in Ugandan primary schools," Journal of Public Economics, Elsevier, vol. 167(C), pages 69-90.
    4. Teresa Molina Millán & Karen Macours, 2017. "Attrition in randomized control trials: Using tracking information to correct bias," FEUNL Working Paper Series novaf:wp1702, Universidade Nova de Lisboa, Faculdade de Economia.
    5. Gopalkrishnan Iyer & Chris Counihan, 2018. "When a Right Goes Wrong: The Unintended Consequences of India's Right to Education Act," Economic Affairs, Wiley Blackwell, vol. 38(3), pages 367-379, October.
    6. Rajeev Dehejia, 2013. "The Porous Dialectic: Experimental and Non-Experimental Methods in Development Economics," WIDER Working Paper Series wp-2013-011, World Institute for Development Economic Research (UNU-WIDER).
    7. Martin Schlotter & Guido Schwerdt & Ludger Woessmann, 2011. "Econometric methods for causal evaluation of education policies and practices: a non-technical guide," Education Economics, Taylor & Francis Journals, vol. 19(2), pages 109-137.
    8. Abhoy K. Ojha & Dwarkaprasad Chakravarty, 2012. "Beyond Corporate Social Responsibility: A Role for Corporate India in Rural Primary Education," IIM Kozhikode Society & Management Review, , vol. 1(2), pages 55-63, July.
    9. Englmaier, Florian & Grimm, Stefan & Schindler, David & Schudy, Simeon, 2018. "The Effect of Incentives in Non-Routine Analytical Team Tasks – Evidence from a Field Experiment," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168286, Verein für Socialpolitik / German Economic Association.
    10. Sule Alan & Enes Duysak & Elif Kubilay & Ipek Mumcu, 2023. "Social Exclusion and Ethnic Segregation in Schools: The Role of Teachers' Ethnic Prejudice," The Review of Economics and Statistics, MIT Press, vol. 105(5), pages 1039-1054, September.
    11. Visaria, Sujata & Dehejia, Rajeev & Chao, Melody M. & Mukhopadhyay, Anirban, 2016. "Unintended consequences of rewards for student attendance: Results from a field experiment in Indian classrooms," Economics of Education Review, Elsevier, vol. 54(C), pages 173-184.
    12. Fadi Hassan & Paolo Lucchino, 2016. "Powering Education," Natural Field Experiments 00566, The Field Experiments Website.
    13. Annette N. Brown & Drew B. Cameron & Benjamin D. K. Wood, 2014. "Quality evidence for policymaking: I'll believe it when I see the replication," Journal of Development Effectiveness, Taylor & Francis Journals, vol. 6(3), pages 215-235, September.
    14. De Hoyos Navarro,Rafael E. & Holland,Peter Anthony & Troiano,Sara, 2015. "Understanding the trends in learning outcomes in Argentina, 2000 to 2012," Policy Research Working Paper Series 7518, The World Bank.
    15. Sonia Bhalotra & Martin Karlsson & Therese Nilsson & Nina Schwarz, 2022. "Infant Health, Cognitive Performance, and Earnings: Evidence from Inception of the Welfare State in Sweden," The Review of Economics and Statistics, MIT Press, vol. 104(6), pages 1138-1156, November.
    16. Goel, Deepti & Barooah, Bidisha, 2018. "Drivers of Student Performance: Evidence from Higher Secondary Public Schools in Delhi," GLO Discussion Paper Series 231, Global Labor Organization (GLO).
    17. Tessa Bold & Jakob Svensson, 2013. "Policies and Institutions for Effective Service Delivery: The Need of a Microeconomic and Micropolitical Approach," Journal of African Economies, Centre for the Study of African Economies, vol. 22(suppl_2), pages -38, August.
    18. Borcan, Oana & Lindahl, Mikael & Mitrut, Andreea, 2014. "The impact of an unexpected wage cut on corruption: Evidence from a “Xeroxed” exam," Journal of Public Economics, Elsevier, vol. 120(C), pages 32-47.
    19. Jiang, Liang & Phillips, Peter C.B. & Tao, Yubo & Zhang, Yichong, 2023. "Regression-adjusted estimation of quantile treatment effects under covariate-adaptive randomizations," Journal of Econometrics, Elsevier, vol. 234(2), pages 758-776.
    20. Simon Burgess & Carol Propper & Marisa Ratto & Emma Tominey, 2017. "Incentives in the Public Sector: Evidence from a Government Agency," Economic Journal, Royal Economic Society, vol. 127(605), pages 117-141, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:acg:managt:v:9:y:2021:i:1:p:50-53. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: S.Lakshmanan (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.