Sri Jayachamarajendra

College of Engineering,
Mysore
Under the
Guidance of
Dr. K V A BALAJI
Professor & Head
Dept of Mechanical Engg
SJCE ,Mysore.
Presented By:KiranKumar B G
4JC11MEM06

Title
AN EMPIRICAL STUDY ON REWARD AND
RECOGNITION STRATEGIES AT SPHINX INFORMATION
TECHNOLOGY SERVICES PVT LTD,MYSORE

m Statement
There are many strategies used to Reward and Recognize the employees
in Organizations.
The basic purpose of these strategies is to increase the Employees
satisfaction Motivation, employee morale and retain the employees for
long time.
Sometimes reward and Recognition strategies are not used properly and
wrong strategies are used as a result of this, these strategies will fail to
motivate the employees and leads to the problem of poor employee
satisfaction, poor performance and tends to employee quits from the
organization.
For these Reasons this project is sought to analyze the employee reward
and recognition strategies in organization and its importance in the
organization.

Objectives

To Examine the Policies and Practices on Reward

and Recognition System.

To Find out Factors Influencing Employee Job

Satisfaction on Reward & Recognition System

To Measure overall employee satisfaction on

Rewards and Recognition.

Company Profile
Sphinx

It Services private Limited is a leading systems

engineering and integration company in India, offering
application design, development, testing services and assetbased solutions in niche segments through turnkey projects
of national importance.

Sphinx IT has also been expanding its service presence in

national markets offering off-shoring advantages and
delivering value through service level-based and project
scope-based deliveries.

Since

its inception on December 26, 2009, Today, Sphinx It

Services pvt Ltd, is positioned as a premier IT solutions
provider in the fast growing and competitive IT market.

Area
Banking and Finance
Software Development

Clients
CMC LIMITED
SPANCO INFOTECH
QUANTUM INFOTECH
MEDSOFT INDIA PVT LTD

Literature Review

Literature Review
TITLE

AUTHOR

FINDINGS

Title: Using team

individual reward and
recognition strategies to
drive organizational
success ", Leadership &
Organization Development
Journal, Vol. 20 ,pp.322

Dr.Ramnathan S , (Indian
Institute of Management,
Ahmadabad) (2008) .

Incentives
Motivation
Recognition
Rewards

Contd
TITLE

AUTHOR

The Recognition and

Dr. Wilson
Reward of Employee
Chicago
Performance
Article provided by
University of Chicago
Press in its journal
of Labour Economics
.Volume by
Dr.Wilson(Year(1994)Issue
(Month):4
(October)Pages:S36-56

FINDINGS

Promotional Benefits
Types of
Rewards(Monitory & Non
Monitory)
Personal Growth
Opportunities

Contd
TITLE
CURRENT TRENDS IN
EMPLOYEE REWARDS
STRATEGIES International
Journal of New Practices in
Management and
Engineering: Vol: 4 Issue: 1
[8]

AUTHOR
Ms.Vasantha Chabra

FINDINGS
Employee Engagement
Motivate Employees
Recognition of Performance

Based on the Review of Literature , a list of reward and

recognition practices have been developed that captures the
main type of interventions discussed in the H R Literature

Work Environment

Reward and Recognition

Training and Development

Managerial Relations

Methodology
Tools of data collection:
Primary data: In this study, structured questionnaire is used as the tool
of data collection.
Secondary data: The secondary data is collected through journals,
text books and personnel department.

Design of Questionnaires
Questionnaires will be Designed based on the following
Dimensions

Work Environment

Reward and Recognition

Training and Development

Managerial Relations

tionnaire Rakings
5- Point Likert Scale
Strongly agree.5
Agree....4
Undecided3
Disagree....2
Strongly disagree ..1

Rewards and Recognition

REWARDS & RECOGNITION
A Good job done will be rewarded.
a) Strongly Agree []
b) Agree []
c) Undecided []
d) Disagree
[]
e) Strongly Disagree []
My Reward Policy is fair for the work that I do.
a) Strongly Agree []
b) Agree []
c) Undecided []
d) Disagree
[]
e) Strongly Disagree []
There is a reasonable periodical increase in my salary and wages.
a) Strongly Agree []
b) Agree [] c) Undecided []
d) Disagree
[]
e) Strongly Disagree []
The Company offers adequate employee benefits scheme like Health and
Insurance.
a) Strongly Agree []
b) Agree
[] c) Undecided []
d) Disagree [] e) Strongly Disagree
[]

WORK ENVIRONMENT
The Management has created an open and comfortable working environment.
a) Strongly Agree
[] b) Agree
[]
c) Undecided []
d) Disagree []
e) Strongly Disagree []

At workplace, I receive enough help and equipment from my peers and superiors to get my
job done.
a) Strongly Agree []
b) Agree
[] c) Undecided []
d) Disagree e) Strongly Disagree
At workplace safety measures are taken care.
a) Strongly Agree []
b) Agree
[] c) Undecided []
d) Disagree
[]
e) Strongly Disagree []
I am comfortable with the working hours of the company.
a) Strongly Agree [] b) Agree
[] c) Undecided
[]
d) Disagree [] e) Strongly Disagree []
I am able to maintain a good balance between my work life and my family life.
a) Strongly Agree [] b) Agree
[] c) Undecided
[]
d) Disagree [] e) Strongly Disagree []

TRAINING & DEVELOPMENT

I am given adequate Training and Knowledge enhancement support to do my job
well.
a) Strongly Agree []
d) Disagree

[]

b) Agree

[]

c) Undecided []

e) Strongly Disagree []

In my workplace, I receive sufficient On-the-Job-Training and Developmental

experiences from my superiors.
a) Strongly Agree []
d) Disagree

[]

b) Agree

[]

c) Undecided []

e) Strongly Disagree []

I am satisfied with the location and quality of our training facility.

a) Strongly Agree []
d) Disagree

[]

b) Agree

[]

c) Undecided []

e) Strongly Disagree []

Training personnel are sufficiently knowledgeable and professional.

a) Strongly Agree []
d) Disagree

[]

b) Agree

[]

e) Strongly Disagree

c) Undecided []
[]

The Training policy of my organization has helped me in my Career Development.

a) Strongly Agree []
d) Disagree

[]

b) Agree

[]

c) Undecided []

e) Strongly Disagree []

MANAGERIAL RELATIONS
My Manager provides me sufficient information needed to perform a job.
a) Strongly Agree
d) Disagree []

[]

b) Agree []

e) Strongly Disagree

c) Undecided []
[]

Work load is distributed equally among the team.

a) Strongly Agree
d) Disagree []

[]

b) Agree

[]

e) Strongly Disagree

c) Undecided []
[]

My Manager recognizes me for my achievements.

a) Strongly Agree
d) Disagree []

[]

b) Agree

[]

e) Strongly Disagree

c) Undecided

[]

[]

Managers welcome suggestions and encourage feedback given by the subordinates.

a) Strongly Agree
d) Disagree []

[]

b) Agree

[]

e) Strongly Disagree

c) Undecided

[]

[]

There is good communication from managers to employees in the Company

a) Strongly Agree
d) Disagree []

[]

b) Agree

[]

e) Strongly Disagree

c) Undecided
[]

[]

Objective 1: To Examine the Policies and Practices On Reward

and Recognition System
To ensure both fair and consistent application within the Company,
a core set of rewards and recognition categories has been
developed. these categories are described below

Increase in Pay
Based on the Performance of the Employees there is a Increase in
Pay at every 6 months

Awards
Recognition awards include the following examples: gift
certificates; meals; theatre, concert or restaurant visits; trips;
plaques; desk items; and other items such as electronics, wine, and
timepieces. these should be selected to reflect the staff members
interests.

Project Completion
On Successful Completion of each Project ,members are acknowledge by
the management.

Contd
Teamwork
Rewards and Recognition in teams can be given for individual &
team . Reward systems are important to keep the motivation at High
level for team members and the team to achieve their vision and
Goals.

Out Standing Achievements

Rewards are provided to employees of the organization for
encouragement , improvements in productivity, quality of work and
customer service.

Who Performs the Appraisal?

Immediate Supervisor
Higher Management
Self-Appraisals
Peers (Co-Workers)
Evaluation Teams

DATA ANALYSIS
AND
INTERPRETATION

RELIABILITY STATISTICS

Cronbach's Alpha

Cronbach's Alpha Based on

Standardized Items

N of Items

.921

.928

25

KAISER-MEYER-OLKIN (KMO)
AND BARTLETT'S TEST
Kaiser-Meyer-Olkin Measure of Sampling
Adequacy.
Bartlett's Test of Sphericity

.934

Approx. ChiSquare

989.562

Df

443

Sig.

.000

TOTAL VARIANCE EXPLAINED

Component
Total

Initial Eigen values

% of
Cumulative %
Variance
30.501
30.501
9.365
38.500
6.829
45.129
6.698
51.005
5.264
56.269
4.526
60.795
4.373
65.168

1
2
3
4
5
6
7

8.766
2.784
1.989
1.763
1.579
1.358
1.312

1.164

3.880

69.048

.959

3.197

72.245

10

.913

3.043

75.287

11

.835

2.783

78.070

12

.744

2.479

80.549

13

.673

2.244

82.793

14

.584

1.945

84.738

15

.546

1.821

86.559

16

.467

1.556

88.115

17

.433

1.442

89.557

18

.418

1.395

90.951

19

.396

1.319

92.270

20

.337

1.123

93.393

Extraction Sums of Squared Loadings

% of
Total
Cumulative %
Variance
8.766
30.501
30.501
2.784
9.365
38.500
1.989
6.829
45.129
1.763
5.876
51.005
1.579
5.264
56.269
1.358
4.526
60.795
1.312
4.373
65.168

Rotation Sums of Squared Loadings

% of
Total
Cumulative %
Variance
3.768
12.561
12.561
3.199
10.664
23.225
3.029
10.096
33.321
2.745
9.149
42.470
2.316
7.719
50.189
2.216
7.387
57.576
1.805
6.016
63.592

SCREE PLOT

ROTATED COMPONENT MATRIX

Component
1
Good job will rewarded

.803

My Reward policy is fair for the work that i do

.740

The company offers the adequate employee benefits scheme like health and insurance
There is a reasonable periodical increase in my salary

.650

Promotional opportunities for the employees in the organization

.760

Recognition for your achievements

.789

Welcomes suggestions from employees

.781

Opportunities for career growth and professional development

.887

Company use the Recognition for building Team Spirit of teamwork and cooperation among
co workers
Overall satisfaction with the current rewards and recognition program offered by the
organization
The management has created an open and comfortable working environment

.720

.500

.840
.806

I Received enough help and equipment from my peers and superiors to get my job done

.709

At workplace safety measures are taken care

Iam comfortable with the working hours of the company

.807

Iam able to maintain a good balance between my work life and my family life

.728

Iam given adequate training and knowledge enhancement support to do my job well

.722

Objective 2: To Find out the Factors that

Influencing Employee Job Satisfaction on
Rewards &Recognition
Factor analysis of Reward
Sl.No
1

Components
Good job will rewarded

Factor
Loadings

Factor Name

.803

My Reward policy is fair for the work that i do

2

.740
The company offers the adequate employee benefits
scheme like health and insurance

Overall satisfaction with the current rewards and

recognition program offered by the organization

.650

.840

Reward
Factor

Factor analysis of Work Environment

Sl.No

Components

Factor
Loadings

The Management has created an open and

comfortable working environment

.806

My Manager recognizes me for my achievements

.750

Managers welcomes suggestions and encourage

feedback given by the subordinates

.799

Factor Name

Work Environment
factor

Factor analysis of Recognition

Sl.No

Components

Factor
Loadings

Promotional opportunities for the employees in

the organization

.760

Recognition for your achievements

.680

Company use the Recognition for building Team

Spirit of teamwork and cooperation among co
workers

.720

Factor Name

Recognition
Factor

Factor analysis of Work Balance

Sl.No

Components

Factor
Loadings

I am comfortable with the working hours of the

company

.807

Factor Name

Work-Life Balance
Oriented factor
2

I am able to maintain a good balance between my

work life and my family life

.728

Factor analysis of Training Factor

Sl.No

Components

Factor
Loadings

Iam given adequate training and knowledge

enhancement support to do my job well

.722

Factor Name

Training Factor

Training
personnel
are
knowledgeable and professional

sufficient

The Training policy for my organization

.727

.783

Factor analysis of Managerial Relations

Sl.No

Components

Factor
Loadings

In my workplace, I Received sufficient

on job training and Developmental
experience from my managers.

.665

My manager is distributed equally

among the team

.744

Factor Name

Managerial
Relations

Factor analysis of Salary and Pay Benefit

Factor
Sl.No

Components

Factor
Loadings

There is a reasonable periodical increase

in my salary

.650

Promotional
opportunities
employees in the organization.

for

the

.760

Factor Name

Salary and Pay

Benefit Factor

OBJECTIVE -3
To Measure Employees satisfaction on Rewards and
Recognition.
Frequency Analysis of Overall Satisfaction with Current Reward &
Recognition policies offered by the Organization.

Frequency
Valid

Strongly Disagree

Percent

Valid Percent

Cumulative
Percent

4.0

4.0

4.0

Disagree

8.0

8.0

12.0

Undecided

14.0

14.0

26.0

Agree

32

68.0

68.0

94.0

Strongly Agree

6.0

6.0

100.0

Total

50

100.0

100.0

Findings from the Frequency Analysis

68% of the Employees are satisfied with rewards and recognition Policies
of the Organization

Findings from factor analysis

The Following are the 7 emerging factors that influence employee
Reward and Recognition System of the organization.

Factor 1: Reward Factor

Factor 2: Work Environment factor
Factor 3: Recognition Oriented factor
Factor 4: Work-Life Balance Oriented factor
Factor 5: Training and Development Factor
Factor 6: Managerial Relations Oriented factor
Factor 7: Salary and Pay Benefit Factor

Conclusion
From this Study it can be Concluded that Employee Motivation is most
important parameter in a Organization Develop and Success.
For this Reason Reward & Recognition is Very Important in Employee
Motivation.
This Study proves that Rewards helps to Retain the employees for long
a time.
From this study concludes that Current employees are quite Satisfied
with the Reward and Recognition.

References
R.Gayathri, G.Sivaraman and R.Kamalambal (2012) - Employee reward
Strategies in Bpos An Empirical Investigation, Interdisciplinary Journal
Of Contemporary Research In Business Vol 3, No 12
Using team individual reward and recognition strategies to drive
organizational success ", Leadership & Organization Development
Journal, Vol. 20 ,pp.322 Author(s):Dr.Ramnathan S , (Indian Institute of
Management,Ahmadabad) (2008) .
The Recognition and Reward of Employee Performance
Article provided by University of Chicago Press in its journalof Labour
Economics.Volume by Wilson(Year(1994)Issue (Month):4
(October)Pages:S36-56

References
CURRENT TRENDS IN EMPLOYEE REWARDS STRATEGIES by Ms.Vasanth
Chabra- International Journal of New Practices in Management and
Engineering: Vol: 4 Issue: 1 [8]
Currivan, D. B. (1999, winter). The casual order of job satisfaction and
organizational commitments in models of employee turnover. Human
Resources Management Review, 9 (4): Page No.495-524.
V.Vijayalakshmi and Dr.K.Balanagagurunaathan (2012), Employee
Retention Key For Organizational Success, Journal of Exclusive
Management Science -Vol 1 Issue 3 - ISSN 2277 5684, Page No. 3-5

THANK
YOU