Reward Management and Employee Performance in Keystone Foods LLC, USA

Abstract

Reward management has become a particular source of concern for human resource managers, with particular emphasis on its impact on employee performance. Hence, the study examined the effect of reward management on employee performance in the case of Keystone Foods LLC in the USA. The study was literature-based and the analysis was based on the findings from previous studies. The study found a strong relationship between reward and employee performance. Reward management is primarily about managing expectations, which are what workers expect from their employers in exchange for their contributions. Rewards are among organizations' key tools to attract, retain and encourage their employees. Reward management analyzes and controls employee remuneration, compensation and other employee benefits. Firms use a combination of financial and non-financial reward management to motivate employees. The study concluded that reward management positively affects employee performance in keystone foods LLC in the USA. Any firm that does not care about its employees' well-being is said to be working toward failure. The issue of reward management is a critical factor in employee performance. Employee performance is seen to be highly influenced by reward management, such that the more effectively a firm manages its rewards, the better the workers perform. The rewards of the employees need to be included as one of the key strategic management aimed to increase the performance level of the employees. It is recommended that keystone foods LLC in the USA should continue rewarding the employees. For high performance from employees, organizations should pay employees on time and provide the required equipment and physical working conditions in the workplace. The firms should provide adequate tools for employees who work for different organizations in order for them to concentrate on their duties. The rewards of the employees have to be included as one of the key strategic management aimed to increase the performance level of the employees.

Keywords: Reward Management, Employee Performance, Keystone Foods LLC, USA