The Impact Of Reward Management System On Employee Motivation In Pacific Hotel in Yangon, Myanmar

Abstract

Human resource is the most important resource for every company. In the globalization age, getting the correct workforce and maintaining it is the most difficult challenge that all companies face. A vital aspect to note would be reward-driven motivation. To enhance a worker’s performance and productivity, a good compensation is found to be the most effective incentive. Thus, this study has investigated the impact of reward management system on employee motivation in Pacific Hotel in Yangon, Myanmar. The objectives of this study are to study intrinsic reward management in Pacific hotel, to learn extrinsic reward management in Pacific hotel, to learn the impact of reward management system on employee motivation in Pacific hotel and to come up with recommendation for Pacific Hotel how to improve its employee motivation through reward management system. The researcher has set independent variables as intrinsic rewards of work autonomy and empowerment, recognition, fairness of treatment and opportunities for personal development and extrinsic rewards of compensation and benefits, promotions and bonuses. The dependent variable of this study is employee motivation. The study has used quantitative research design in order to find out about employees’ motivation. The researcher has used non-managerial level employees as target population of the study and the sample size is 149 employees. The study has revealed that work autonomy and empowerment, recognition, fairness of treatment, opportunities for personal development, compensation and benefit, promotion and bonuses have significantly and positively impact on employee motivation in Pacific Hotel.