ABSTRACT

Employees remain the greatest assest of any organization — whilst they provide performance, organizations offer rewards. A well designed system for rewarding labour greatly has a bearing on the output of employees and therefore impact on the performance of the organizations as a whole. The study aimed at providing an objective view of organizations reward as tool for tool motivation on organizational performance. It evaluated the reward systems of Saclux Paints NigeriaLtd. and established whether their current reward systems have any bearing on organizational performance. The research gathered data from two main sources namely primary and secondary sources. The two main techniques employed in gathering the primary data were questionnaire and interviews. It was found out from the study that, there was a positive relationship between reward and organizational performance. Majority of respondents indicated that reward stimulates them to work harder and they are prepared to work harder if they are given more incentives or paid more. It was revealed from the study that there were enormous reward packages in the organization but some of the respondents ( staff members) were not aware. It was recommended that compensation packages should be linked to employee satisfaction. The rewards should provide value for money. In other words more should be derived from the reward in terms of productivity and profitability than the cost of rewarding. Again, it was imperative on organizations to create extrinsic as well as intrinsic reward sydtem for thr motivation and retention of the best caliber of staff. Employees should also be made aware of the reward com[ponents in their employment contract. Keywords: Reward, organizational performance, motivation