Volume : 2, Issue : 2, February - 2013

Implications of Employee Welfare and Rewards on Job Satisfaction and Productivity � An Insight

Prof. C. Balaji

Abstract :

Amongst all resources required for an organization Human Resource is the most important resource. To retain efficient and experienced workforce in an organization is very crucial in overall performance of an organization. Motivated employees can help make an organization competitively more value added and profitable. Many motivating factors, monetary as well as non – monetary influence the employee and the organization. The present study is an attempt to find out the major factors that motivate employees considering Employee welfare, rewards and incentives as motivating factors within an organization that influence Job Satisfaction and Productivity of the organization. The data were collected from employees of diverse type of organizations to gain wide representation of sectoral composition. In all, 250 self administered questionnaires were distributed among the employees of different sectors and they returned 220 completed useable questionnaires thereby the response rate was 88%. Data revealed general awareness about welfare facilities among the employees and ability to identify the elements of welfare. The participation in survey was voluntary and confidentiality of responses was ensured. The statistical analysis showed that different dimensions of Satisfaction and Productivity are significantly correlated and welfare, reward and recognition have great impact on motivation of the employees that implies to productivity. Pragmatic efforts should be made to enhance employee’s job capabilities through training; to improve working conditions of the employees and their general welfare in order to elicit job satisfaction and motivation for increased productivity. Limitations and guidelines for future research are also provided.