Employee Perception on Competitiveness of Performance Based Rewards in Kenya Electricity Generating Company Limited ,kenya

Abstract

The competitiveness of an organization especially in the present day competitive business environment will be anchored on the employee motivation and their perception of the rewards being offered being commensurate to the work they perform. The never-ending problem of high attrition rate has seen most organizations offer a number of rewards with the idea of attracting and then motivating the employees to stay in the organization and in order to determine whether the rewards offered by the organization commensurate with the employee expectations, then the same should be established by assessing the employee perception on the same reward management. The objective of the study was to determine employee perception on competitiveness of performance based rewards in Kenya Electricity Generating Company Limited. The research design adopted was a descriptive survey method. The population of the study consisted of three hundred and sixty employee form all the cadres in the company. The study used primary data which were collected through self-administered structured questionnaires. The data was analyzed and presented using mean and percentages. The company found out that the company was using performance based rewards in order to satisfy its employees with the work and encourage the employees to work towards the attainment of the organizational objective. The use of the rewards by the company changed their perception and as a result leads to additional interactions with management and provides new opportunities for employees to develop trust in management. The company is however faced by challenges emanating from lack of promotion policy that ensures fair and equitable promotion, the rewards system in the organization being unpredictable and not based on employee performance, the company not embracing new compensation trends in the market depending on the employee performance.