REWARD SYSTEMS AS DRIVERS OF EMPLOYEE MOTIVATION AT NCC LTD

Abstract

This research delves at the incentive programs implemented by NCC Ltd., a prominent Indian infrastructure and construction firm, to maintain employee motivation. In this study, we compare the efficacy of monetary and non-monetary incentives. Financial incentives come in many forms, including compensation structures, bonuses, and incentives based on performance. Praise, chances to further one's career, and a supportive work environment are all examples of non-monetary benefits. The research draws on data collected from both operational and managerial staff in addition to popular ideas of employee motivation. Despite the high levels of stress, the results demonstrate that employees are more invested, produce more, and are more loyal to their employer when they have a well-designed compensation plan. In order to achieve its long-term goals of motivation and performance, NCC Ltd can utilize the study's findings to improve its compensation system by closing the gap between employees' expectations and their current rewards.