The Effects of total reward management on organizational Performance. A case study of Trojan Nickel Mine
- Author
- Garwe, Takudzwa B.
- Title
- The Effects of total reward management on organizational Performance. A case study of Trojan Nickel Mine
- Abstract
-
To recruit, motivate, and retain employees, Total Rewards Management (TRM) refers to a holistic method that manages and aligns all aspects of employee compensation and benefits, including non-financial and financial rewards. The purpose of this study was to examine the
effect of total reward management on organisational performance of Trojan Nickel Mine in Bindura, Zimbabwe. The study was guided by the following specific objectives:
(i) To identify the Trojan Nickel Mine's present incentive programs.
(ii) To find out what the staff thinks about Trojan Nickel Mine's incentive scheme.
(iii) To evaluate the impact of extrinsic incentives on Trojan Nickel Mine's
performance, including compensation, bonuses, and promotions.
(iv) To assess Trojan Nickel Mine's performance in relation to intrinsic benefits (such as recognition and appreciation).
The study used descriptive research design which incorporated both quantitative and qualitative approaches. The study surveyed 75 employees from three mining departments, including Mining, Engineering, and SHEQ, using self-administered questionnaire. It also interviewed selected employees. The data was analysed with use of descriptive statistics (WPS) and data presented as frequency distribution tables and histograms. The findings of this study showed that Trojan Nickel Mine offer both extrinsic (salary, bonus and promotion) and intrinsic (praise, recognition and genuine appreciation) rewards to their employees. However,
the results found that employees were not satisfied with the current reward packages and salary level was viewed to be too low and did not reflect cost of living in Bindura City. The study further indicated the intrinsic (non-financial) rewards were not satisfactory to employee - Date
- 2024
- Publisher
- BUSE
- Keywords
- Total Reward Management
- Organizational Performance
- Supervisor
- T. TICHAGWA
- Item sets
- Faculty of Commerce
- Media
-
Garwe Takudzwa B.