EFFECTIVENESS OF REWARD SYSTEM ON MOTIVATIONAL LEVEL OF EMPLOYEES OF SELECTED PRIVATE INSURANCE COMPANIES

Rewards indicate to employees that their performance is appropriate and should be repeated. If employees do not feel that their work is appreciated, their motivation will decline. To develop motivated employees, a manager must manage people personally, empower employees, provide effective payroll systems, redesign jobs, create flexibility, increase productivity, and solve organizational problems. The employees of private insurance companies have been interviewed to know the rewards for achieving targets. The association between the experience of employees and motivation towards rewards had been described.