Abstract
In today's competitive business environment, organizations are constantly struggling
to improve productivity, which ultimately leads to better performance of the organizations
as a whole. It is, at this point, that various compensation schemes come into play, to
motivate employees, which would reduce factors like job turnover, absenteeism,
productivity, etc. and in turn, reduce costs. This study attempts to investigate the
effectiveness of cash and non-cash award, reward, and recognition programs and to
provide strategic guidance that will assist the organization in knowing when and where
to utilize such programs, how to determine the type of motivation and award program
that should be used. This study has been carried out among Pakistan Petroleum Limited
employees. An analysis of 60 employees has been done to explore interesting trends
related with employee motivation and types of compensation, management level viz
lower, middle and upper management. The conclusions developed through this study
has focused on developing an effective compensation system at PPL by identifying and
understanding what motivates employees at each level in terms of cash and non-cash
based rewards and allowing greater involvement of employees in selection of these
rewards.
Bushra Akbar Khan , Dr. Amanat Ali Jalbani. (2009) Effect of Compensation System on Employee Motivation: A Case Study of Pakistan Petroleum Limited, Journal of Independent Studies and Research-Management, Social Sciences and Economics, Volume-07, Issue-2.
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