Impact of rewards system on employee's performance in Federal Polytechnic Bida, Nigeria

Abstract

The study investigates the impact of reward system on employee’s performance in an organization and its implementation has a considerable impact on workers behaviour, performance and well-being of employees. It is against this backdrop that this paper adopted qualitative method using interviewees and secondary data to explore the impact of reward system on employee’s performance in Federal Polytechnic, Bida. The study established that fair and workable reward system impacted positively on well-being of workers and it led to attainment of organizational objectives. In the light of the above, the study recommends for fair and workable reward system, i.e. the use of both intrinsic and extrinsic reward to motivate its employees so that both individual and organizational objectives can be achieved.