Impact Of Rewards And Recognition On Job Performance Considering The Role Of Perceived Organizational Support

Human capital is the bedrock upon which a company may build a lasting competitive advantage.Companies require methods to attract and keep the best employees because of the intense competition in today’s business world.These days,people are a company’s most valuable asset,and if you want productive work from your staff,you need to keep them inspired.Practices like reward and recognition have a crucial part in motivating workers and are connected to the growth of businesses as a whole.Focusing on the private banking industry in Gujrat,Pakistan,this research aims to determine whether and how employee awards and recognition affect job performance,with perceived organizational support serving as a moderating variable.The information was collected using a standardized questionnaire.In this analysis,we employ a very basic random sampling method.The statistical methods employed include confirmatory factor analysis(CFA)and structural equation modeling(SEM).Findings-Data shown that rewarding and recognizing employees significantly improve productivity on the job.The results also showed that employees’ perceptions of organizational support considerably and entirely mediated the connection between financial incentives,peer recognition,and productivity on the job.As a result,this research sheds light on critical elements that contribute to higher worker performance.Employees’ efforts are enhanced when they are recognized and rewarded for their efforts.It might have unintended repercussions if businesses don’t take it seriously.