Descriptive Analysis of Rewards and Incentives towards the Employee’s Performance of Motorcycle Companies: Basis for Development of Incentives and Rewards Plan

Publication Information

Journal Title: Asian Journal of Multidisciplinary Research & Review
Author(s): Fhrizz De Jesus, Hazel Jade E. Villamar & Ramezesh E. Dionisio
Published On: 28/02/2022
Volume: 3
Issue: 1
First Page: 272
Last Page: 299
ISSN: 2582-8088
Publisher: The Law Brigade Publisher

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Cite this Article

Fhrizz De Jesus, Hazel Jade E. Villamar & Ramezesh E. Dionisio, Descriptive Analysis of Rewards and Incentives towards the Employee’s Performance of Motorcycle Companies: Basis for Development of Incentives and Rewards Plan, Volume 3 Issue 1, Asian Journal of Multidisciplinary Research & Review, 272-299, Published on 28/02/2022, Available at https://ajmrr.thelawbrigade.com/article/descriptive-analysis-of-rewards-and-incentives-towards-the-employees-performance-of-motorcycle-companies-basis-for-development-of-incentives-and-rewards-plan/

Abstract

The researchers’ primary considerations in conceptualizing what features should be introduced were the rewards and incentives system towards employee performance of motorcycle companies in Gapan City. This study is critical for organizations that need to improve their employee performance through rewards and incentives systems. This research utilized quantitative research design and descriptive analysis as it aims to describe and summarize the data that have been gathered. The study was conducted at 5 different motorcycle companies in Gapan City, Nueva Ecija namely, Ropali, Maverick, Wheeltek, Kservico, and Royce Motorcycle Company. The researchers used a purposive sampling design, specifically a total sampling technique, to purposively pick respondents that fell under the required characteristics needed for the study. A total of 30 respondents who were categorized as employees were surveyed and most of them were rank and file. The data collected from the respondents were encoded, tallied, and analyzed using statistical tools such as Percentage, Frequency Distribution, Weighted Mean, and Thematic Analysis.The results showed that the majority of the employees were unsatisfied with the rewards and incentives are given to them due to the company’s shortage of rewards and incentives brought about by the decrease in sales during the pandemic. As such, the improvement of rewards and incentives system of all the types of incentives and rewards namely, promotion, rewards, and moral incentives, can be adapted by the companies to increase employee performance and as well the competency of the company.

Keywords: Rewards and Incentive System, Employees Performance, Motorcycle Companies, Development Plan

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