Employee Motivation free essay sample

A Quantitative Study on Global Banks P? nar Gungor Okan University, Istanbul, 34722 Turkey Abstract The primary goal of this study is to research the relationship between the reward management system applications and employee performance of bank employees on global banks in Istanbul. It also focuses on the role of motivation as an intervening factor. According to the literature review on the previous studies it is proven that organizations use reward systems and strategies to motivate their employees and to increase their performance. This study will have lots of contributions to the business world. Organizations may improve or change their reward systems to survive in today’s environment with the help of this study. They may renew their reward systems and put more efficient and effective ones. In this study, employee performance effectiveness is determined on reward systems. At the beginning of the study, there is a literature review and there are hypotheses concerning the effects of reward management system and motivation on employee performance. We will write a custom essay sample on Employee Motivation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Secondly, theoretical framework is discussed through the effects of reward management system applications and motivation on employee performance. Finally hypotheses are tested using data from 116 bank employees in 12 global banks and research results or findings are analyzed. Keywords: Reward Management System, Employee Performance, Motivation, Global Bank  © 2011 Published by Elsevier Ltd. Selection and/or peer-review under responsibility of 7th International Strategic  © 2011 Published by Elsevier Ltd. Selection and/or peer-review under responsibility 7th International Management Conference Strategic Management Conference ? Corresponding author. Tel. + 90-216-677-1630 fax. +90-216-677-1647 Email address: pinar. [emailprotected] edu. tr 1. Introduction Globalization is a concept that encompasses change and competition. The findings of the study is consistent with the previous studies which, Herpen, Praag, Cools, (2005), have investigated empirically the effects of pay on performance. They mentioned that some theories predict that the practice of a compensation system affects the motivation of employees. The results of their study bring out a positive relationship between the perceived features of the reward system and extrinsic motivation. According to their findings similar with the results of this study, Intrinsic motivation is not affected by the design of monetary compensation, but by promotion opportunities. The limitation of the study is the response rate of the bank employees who are expected to be 250 appropriate with the number of the items. For further studies, the ineffectiveness of the non-financial rewards on employee performance should be investigated to find the weakness of the non-financial part of the reward system.