Effects of Remuneration on the Performance of Employees in Automobile Sector

Author(s): Ausaf Ishteyaq and Dr. Khushboo Agnihotri

Abstract:

This study explores the relationship between remuneration and employee performance within the Indian automobile industry. It examines how various forms of compensation, including wages, benefits, and incentives, influence employee motivation, engagement, and ultimately, their contribution to company goals. The paper acknowledges the existing body of research highlighting the positive correlation between employee satisfaction derived from remuneration and their performance. It delves specifically into the Indian context, considering factors like job market dynamics and cultural aspects that might influence this relationship. The abstract emphasizes the importance of understanding how effective remuneration strategies can be leveraged to achieve a competitive edge in the Indian automobile industry. This is particularly relevant in today's scenario, where a skilled workforce is crucial for innovation and productivity. By analyzing the impact of remuneration on employee performance, the study aims to provide valuable insights for human resource professionals in Indian automobile companies. It can help them design effective compensation packages that not only attract and retain talent but also motivate employees to excel in their roles, ultimately propelling the company's success.

Keywords: Remuneration, Compensation, Employee motivation, Employee Performance

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