European Journal of Business and Management
Effectiveness of Reward System in the Banking Industry in the Kingdom of Bahrain
Abstract
The purpose of this study was to assess the effectiveness of the reward system in the banking industry in the Kingdom of Bahrain. It compared the status and level of effectiveness of reward system in the banking industry in terms of compensation, recognition, appreciation, and benefits. Mean was applied for descriptive analysis, whereas one-way analysis of variance (ANOVA) was utilized to establish if significant difference existed between the status and level of effectiveness of reward system in the banking industry in terms of compensation, recognition, appreciation, and benefits. The study disclosed that in terms of recognition and appreciation of the reward system in the banking industry of the Kingdom of Bahrain was Effective, while in terms of compensation and benefits was Moderately Effective. Likewise the study revealed that there is a significant difference between the status and the level of effectiveness of the reward system in the banking industry in the Kingdom of Bahrain as perceived by the respondent-bank employees.
Keywords: reward system, compensation, recognition, appreciation, benefits
DOI: 10.7176/EJBM/11-18-18
Publication date:June 30th 2019
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ISSN (Paper)2222-1905 ISSN (Online)2222-2839
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