Reward System Case Study
Running head: PROPOSED SCHEME OF REWARD SYSTEM 1
Proposed Scheme of Reward System:
The Case of National Housing Authority
Charmaine V. dela Cruz
AMA University
Abstract
Reward has been an extremely important issue for both employers and employees. Reward system is the key motivating factor in improving the performance of the employees. Understanding the impact of reward systems to employees of NHA is the focus of this research and to proffer necessary policies and scheme of reward system for possible implementation. This study will be a significant endeavor in promoting good work environment in the workplace and motivations of its employees. Based on the results of the research, there was some level of unfamiliarity
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80. The National Housing Authority (NHA) which is the sole national agency of the Philippines mandated to engage in housing production for low income families has adopted a unified, integrated and results-based performance management system referred as the NHA Strategic Performance Management System (NHA-SPMS). The NHA is currently using the Company Year 2000 CSC-approved Updated Performance Evaluation System for Employees (NHA, 2015). The system, however, focuses only on individual appraisals which are requisites for personnel actions and grant of performance-based rewards and incentives. This study tried to determine the impact of reward systems to employees of NHA and to proffer necessary scheme of reward system for possible …show more content…
From the findings of the study, it can be concluded that the concept of reward systems is not fully understood in NHA. The reward strategies available for NHA employees were unsatisfactory. A well-managed reward strategy is a motivator of high employee performance. Recommendations that follow are aimed at specifically improving these areas of concern in order to enhance employee work performance. After recruitment and selection, employees should be made aware of the reward components in their employment contract. Compensation should be strategic enough to meet both the goals of the organization while meeting the needs of the employees. Modernize the system as a whole by the use of modern IT, and create a client-oriented public administration.
References
Apeyusi, Patrick (2012). The impact of reward systems on corporate performance: A case study of Ghana Commercial Bank Limited
Armsrong, Michael (2002). Employee reward
Bevoc, Louis (2015). Employee pay and compensation in organizations: Types, advantages and disadvantages
Dow, Tiffany (2016). Employee motivation: It’s not about the money
Kaur, Kiranjeet (2013). Reward system: A tool for promoting organizational performance
National Housing Authority (2015). Strategic Performance Management System. Retrieved from www.nha.gov.ph/pts/8/8_pdf.../NHA_SPMS_MC-Feb_4_2015-Final_and_signed.pdf
Trivedy, Supriti
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