The current paper aims to explore the association between rewards and employee performance in the Oman banking sector. This study evaluates data of 500 bank employees across 18 listed banks in the Sultanate of Oman. A theoretical framework is discussed to evaluate the effects of rewards on employee performance. The outcomes are examined using factor analysis, structured equation modeling, and multivariate analysis of variance. The results of this study provide key insights into how companies can adopt effective reward management to sustain and compete in the dynamic business landscape and modulate performance management in Omani banks. Overall, a statistically significant association between the rewards system and employee performance in the listed banks in Oman is established in this study. The study further underscores the need to design and evolve employee-centric policies to get optimum performance. It also offers guideposts for managers and policy planners working in the banking sector of the Middle East countries to evolve holistic policies to succeed in stiff, cut-throat competition and ensure participatory management for best performance. Herein, extrinsic, and intrinsic rewards are studied in relation to their impact on the performance matrix. A proper insightful reward management system may lead to optimum performance, better outcomes, and a strong financial system.
The current paper aims to explore the association between rewards and employee performance in the Oman banking sector. This study evaluates data of 500 bank employees across 18 listed banks in the Sultanate of Oman. A theoretical framework is discussed to evaluate the effects of rewards on employee ...
مادة فرعية
International Journal of Research in Entrepreneurship and Business Studies