Abstract

The aim of this research is to examine the role of reward management on the workers job satisfaction and dedication of the chosen property organization in Lagos State. The goal of the study is to reduce the issue of The Company’s pay program is badly conceived. Survey research design method was used using a questionnaire in collecting data from the respondents. Two hundred and forty questionnaires were distributed, the return rate was 236.The population of this study are employees of Selected Property Organisations in Lagos State, Simple random sampling techniques was used for selecting samples from the population. The information was analysed using the statistical package for social science (SPSS) and using both descriptive and inferential statistics and statistical tool used was Spearman Rank Test.
The result showed that there was a moderate significant positive relationship between reward system and job satisfaction. The study found that reward system practice collectively has significant effect on job satisfaction.
Organizations were urged that senior management should support employee participation in decision-making and should carry out employee recommendations. Furthermore, it was suggested that compensation evaluations be carried out in order to develop a reward management framework that is both internally fair and externally competitive. In conclusion, the study has demonstrated that, depending on how they are managed, reward management greatly influences employees' willingness to stay at or leave their positions. According to the study, financial incentives had a big impact on how committed staff were. This shows that commitment levels were high when employees received a sufficient amount of financial incentives, such as wages, bonuses, payment for training sessions and seminars, transportation, accommodation, and medical benefits, as well as annual pay increases and overtime pay. The findings of this study have shown that reward management significantly affects employees' inclination to remain in their jobs or quit them, depending on how they are managed.