Munich Personal RePEc Archive

Ranking of employees' reward and recognition approaces: A Malaysian Perspective

Islam, Rafikul and Ismail, Ahmad Zaki (2004): Ranking of employees' reward and recognition approaces: A Malaysian Perspective. Published in: Journal of International Business and Entrepreneurship Development , Vol. 2, No. 2 (2004): pp. 113-124.

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Abstract

Recognition of employees’ achievements is one of the most important factors to motivate employees. Employees who perform exceptionally well, expect that their contributions will be recognized or they will be appreciated by the top management. Over the decades (or perhaps centuries) the reward and recognition system has been adopted by numerous organizations – private or public. There are myriad ways by which employees can be appreciated. Further, one special type of reward may not motivate equally everyone. One person’s reward may be perceived by another person as punishment. The present research intends to find out the specific reward and recognition ways preferred by the employees working in various Malaysian organizations. A list comprising seventeen major ways of reward and recognition has been prepared and the items in the list are prioritized by taking inputs from 505 employees working in more than 96 various public and private organizations in Malaysia. The findings of the research are expected to provide guidelines in developing an appropriate reward and recognition system for any organization, in general and Malaysian organizations, in particular.

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