Rejuvenating the rewards typology: Qualitative insights into reward preferences
SA Journal of Industrial Psychology
| Field | Value | |
| Title | Rejuvenating the rewards typology: Qualitative insights into reward preferences | |
| Creator | Victor, Janine A. Hoole, Crystal | |
| Description | Orientation: In order to drive desirable behaviour, employees need to feel valued. It is, therefore, important to identify which rewards motivate employees and satisfy their needs.Research purpose: The overarching aims of this study were to explore how South African employees feel rewarded at work and to develop a model depicting how rewards can be categorised.Motivation for the study: There is a dearth of qualitative research on reward preferences, especially on the psychological façade of this construct.Research approach/design and method: Using a phenomenological research approach and in-depth interviewing techniques, 47 South African employees participated in focus group sessions. To analyse the data, a deductive and constructionist thematic analysis was employed.Main findings: The rewards construct is perceived to be multidimensional. Rewards can be categorised into three main categories: (1) extrinsic financial rewards (consisting of the total remuneration package), (2) extrinsic non-financial rewards (inclusive of good relationships, learning and development opportunities, organisational culture, communication, recognition, the physical working environment, feedback and work-life balance) and intrinsic-psychological rewards (encapsulating autonomy, meaningful work, felt competence, task enjoyment and challenging work).Practical/managerial implications: Outdated reward strategies should be re-evaluated to include all three categories of rewards. This means that there should also be a more in-depth focus on intrinsic-psychological rewards in the workplace.Contribution/value-add: This study highlighted the importance of using extrinsic (financial and non-financial) as well as intrinsic-psychological rewards to motivate employees and satisfy their needs. The insights gained from this research study can be used by future researchers and practitioners to construct modernised rewards frameworks. | |
| Publisher | AOSIS | |
| Date | 2021-08-13 | |
| Identifier | 10.4102/sajip.v47i0.1880 | |
| Source | SA Journal of Industrial Psychology; Vol 47 (2021); 17 pages 2071-0763 0258-5200 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajip.co.za/index.php/sajip/article/view/1880/3285
https://sajip.co.za/index.php/sajip/article/view/1880/3286
https://sajip.co.za/index.php/sajip/article/view/1880/3287
https://sajip.co.za/index.php/sajip/article/view/1880/3288
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