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Exploring the Relationship between Reward System and Job Satisfaction

   

Added on  2019-09-22

19 Pages3945 Words486 ViewsType: 486
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Research ProposalImpact of Rewards on Employee Turnover
Exploring the Relationship between Reward System and Job Satisfaction_1

Table of ContentsChapter 1: Introduction....................................................................................................................21.1 Company Background............................................................................................................21.2 Background of Study.............................................................................................................21.3 Statement of Problem.............................................................................................................31.4 Research Rationale.................................................................................................................31.5 Industry Background..............................................................................................................31.6 Research Aim.........................................................................................................................41.7 Objective of Study.................................................................................................................41.8 Research Question..................................................................................................................5Chapter 2: Literature Review...........................................................................................................52.1 Importance of Reward............................................................................................................52.2 Impact of Reward System on Employee Turnover................................................................52.3 Role of Monetary and Non-Monetary Reward in Employee Retention................................7Chapter 3: Research Methodology..................................................................................................93.1 Introduction............................................................................................................................93.2 Research Method..................................................................................................................103.3 Research Strategy.................................................................................................................103.4 Research Design...................................................................................................................113.5 Ethical Consideration...........................................................................................................113.6 Research Schedule...............................................................................................................113.7 Justification..........................................................................................................................12References......................................................................................................................................131
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Chapter 1: IntroductionThis paper is concerned with the understanding the reward system that is influencing theemployee turnover in a particular organization.1.1 Company BackgroundMannai Corporation is a famous information technology organization of Qatar. It is consideredas the largest system integrator in the Middle East. It provides end-to-end solutions throughoutthe whole technology stack. Functioning of the Mannai organization has been divided into twokey activities which are Trade and Services. The main motive of the Mannai Corporation behindits establishment is to create such environment which will attract and retain a committed team ofskilled professionals. 1.2 Background of StudyThe reward system of Mannai Corporation influences the employee turnover in a significantmanner. Availability of large competition in the marketplace brings a big problem in front ofmany International technology organizations in Qatar. Due to the high competition, it becomesdifficult for the Mannai Corporation to retain the human resources for a long time. This hasresulted in a large employee turnover rate in the organization. Employee turnover of organizationhappens due to a shortage of experienced IT workers. The retention of employees now becomesa major concern for the organization. The only thing that can prove successful for theorganization in retaining the employees is a reward system. Due to the proper reward system,employees feels motivated, and they want to become the member of the organization for a longtime. It enhances job satisfaction among employees that enforces them to retain and serve for theprofit of the organization (Lu, 2016). Generally, it can be said that retaining employees for a long2
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time is a very challenging task for the management of IT industry. If the management oforganizations is not able to manage turnover, they will not be able to utilize their human assets inan effective manner. Thus, it can be said that poor reward system influences the overallprofitability and reputation of Mannai Corporation in its potential markets.1.3 Statement of ProblemThe problem faced by Mannai Corporation is employee turnover. According to PayScale reportof current employees turnover, the employee turnover rate in the Mannai Corporation is highestthan the other IT organizations in Qatar. During 2015, the organization has approximate 2500employees who significantly decreased due to non-satisfied reward and employee developmentsystem. After a high turnover, the organization has currently 1800 employees. Understanding theimpacts of reward system in Mannai Corporation can help management in taking appropriateaction. This will be helpful in improving the employee turnover rate in Mannai Corporation.1.4 Research Rationale Firstly, the conducted research should determine the relationship between reward system andemployee turnover. Thousands of studies have been conducted by different authors to studyvarious aspects of employee turnover and reward system (Shields, 2015). Moreover, new studiescan conduct to analyze the relationship between employee turnover and reward system.Alternatively, the impacts of reward system on employee turnover can be studies in an in-depthmanner.3
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