The Impact of Reward Systems on Motivation and Job Satisfaction of Employees in Outsourcing Companies Cover Image

The Impact of Reward Systems on Motivation and Job Satisfaction of Employees in Outsourcing Companies
The Impact of Reward Systems on Motivation and Job Satisfaction of Employees in Outsourcing Companies

Author(s): Aleksandar Nikolovski, Maia Tripunoska, Lazar Arsovski
Subject(s): Social Sciences, Economy, Business Economy / Management, Sociology, Management and complex organizations, Human Resources in Economy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Resources; Reward System; Motivation; Job Satisfaction; Outsourcing Organizations; Employees
Summary/Abstract: This paper examines the impact of reward systems on motivation and job satisfaction of employees in outsourcing organizations, firstly by considering the term reward management, the elements constituting the reward system and the factors that affect it, then through the various theories and strategies of motivation as well as the effects caused by job satisfaction. This paper also considers the term outsourcing, the current and future trends of this concept. Based on the empirical research, this paper offers recommendations and guidelines for creating an appropriate reward system that promotes increased motivation and satisfaction among employees in order to facilitate the successful achievement of the organizational goals.