Reward System in Public Organization
Topic For Study
PAY AND REWARD SYSTEM IN PUBLIC ORGANIZATIONS
SUBMITTED BY Lt Col Abid Samih Aslam Student of MS- BA Roll NO Jan 10- 025
SUPERVISOR: Dr Irfan Zafar
National University of Modern Languages
Islamabad
ABSTRACT
This article is focused on the under standing of difference of pay and reward system in public and private sector. Few organizations of public and private sector have been analyzed . Article covers These aspects:- ➢ Need of better pay and reward system for the progress and performance of public organization ➢ Identification of existing problems in pay and reward system of public sector. ➢ Application of important rules and procedures of successful private organizations on public sector.
INTODUCTION
Pay and Rewards play very important role for employee motivation, satisfaction and better performance in the organization. It is also very helpful to create a dynamic environment of learning, personal development, career management and rather peace and harmony in the organization.
Current pay and reward system being used in government and public organizations is quite old, rigid and obsolete. It does not fit into new business environments and real market. It does not provide requisite motivation and incentives specially to lower rank employees.
Although current pay and reward system have been revised occasionally by different organizations but it only emphasize on pay and allowances and other long term financial rewards of tangible origin and does not cover intangible benefits which are necessary for progress of organizational image and value.
So this pay and reward system being used in these organizations is considered luxury for top management , higher authorities and officers.
Lower grades and ranks considered them selves as personal sub servant of officers rather than the organization.
Need For Better Pay And Rewad System
Over all very slow economic growth in the country and also augmented with
PAY AND REWARD SYSTEM IN PUBLIC ORGANIZATIONS
SUBMITTED BY Lt Col Abid Samih Aslam Student of MS- BA Roll NO Jan 10- 025
SUPERVISOR: Dr Irfan Zafar
National University of Modern Languages
Islamabad
ABSTRACT
This article is focused on the under standing of difference of pay and reward system in public and private sector. Few organizations of public and private sector have been analyzed . Article covers These aspects:- ➢ Need of better pay and reward system for the progress and performance of public organization ➢ Identification of existing problems in pay and reward system of public sector. ➢ Application of important rules and procedures of successful private organizations on public sector.
INTODUCTION
Pay and Rewards play very important role for employee motivation, satisfaction and better performance in the organization. It is also very helpful to create a dynamic environment of learning, personal development, career management and rather peace and harmony in the organization.
Current pay and reward system being used in government and public organizations is quite old, rigid and obsolete. It does not fit into new business environments and real market. It does not provide requisite motivation and incentives specially to lower rank employees.
Although current pay and reward system have been revised occasionally by different organizations but it only emphasize on pay and allowances and other long term financial rewards of tangible origin and does not cover intangible benefits which are necessary for progress of organizational image and value.
So this pay and reward system being used in these organizations is considered luxury for top management , higher authorities and officers.
Lower grades and ranks considered them selves as personal sub servant of officers rather than the organization.
Need For Better Pay And Rewad System
Over all very slow economic growth in the country and also augmented with