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Title IMPACT OF PERFORMANCE REWARDS ON EMPLOYEE TURNOVER IN THE SOFTWARE INDUSTRY OF PAKISTAN

Author(s) MUHAMMAD HANNAN ASHRAF AWAN

Abstract Impact of Performance Rewards on Employee Turnover in the Software Industry of Pakistan Employee turnover crisis has its negative outcomes spreading almost every field. Software industry has been facing it for quite some years now. Many organizations take necessary measures to ensure employee retention, performance rewards are one of the measures. However, not all performance rewards tend to be as motivating as considered. The study emphasizes the use of performance rewards in the Software Industry of Pakistan. Moreover, it is being intended to study and identify the key rewards that give a real boost to the motivation of employees hence lowering the chances of employee turnover. The study uses survey (questionnaires) methodology to identify the types of awards being awarded to the employees, the psychological impact of performance rewards and the performance reward that can help the best in minimizing employees’ turnover. The study has been conducted on the managers and employees having technical roles in the Pakistani software industries. The research has indicated that performance rewards, especially the monetary performance rewards play a vital role in minimizing the employees’ turnover. In some cases, company swag, verbal appreciation and promotions also showed driving the inclination of an employee towards working in the organization. Furthermore, it has also come into knowledge that factors like reward frequency and amount of monetary reward value have also got a significant impact on the decision of an employee on serving the organization or leaving it. The findings of the study if implemented in true letter and spirit will help the managers determine the best reward schemes and it should also contribute in the Business Analysis Body of Knowledge (BABOK).

Type Thesis/Dissertation MS

Faculty Engineering and Computer Science

Department Engineering

Language English

Publication Date 2022-12-30

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