International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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A Study on Redesigning rewards for improved Perception, Fairness and Loyalty

Author(s) S Suretha, S Deepa
Country India
Abstract This project explores the redesign of reward systems at Aavin, a Tamil Nadu-based cooperative, to enhance employee perception, fairness, and loyalty. Recognizing the critical role of an equitable reward system in shaping employee motivation, job satisfaction, and organizational success, the study focuses on aligning rewards with diverse workforce expectations. Leveraging theories like Equity Theory and Self-Determination Theory, it examines how monetary and non-monetary incentives impact performance, loyalty, and morale. Through comprehensive surveys and statistical analysis, the project identifies gaps in Aavin's current reward system, including issues of transparency, fairness, and role-specific needs. Findings suggest that while employees generally perceive the reward system as flexible and supportive, significant challenges remain in linking rewards to innovation, work-life balance, and long-term objectives. Recommendations include introducing personalized reward mechanisms, fostering a culture of recognition, and enhancing professional development opportunities. By addressing these gaps, Aavin can strengthen employee engagement, reduce turnover, and achieve sustained operational efficiency
Keywords Reward Systems, Employee Perception, Fairness, Employee Loyalty, Total Rewards Model, Organizational Development.
Field Business Administration
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-01-04
Cite This A Study on Redesigning rewards for improved Perception, Fairness and Loyalty - S Suretha, S Deepa - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.34441
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.34441
Short DOI https://doi.org/g82hhx
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