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Employee Reward System Overview

The organizational reward system has improved employee productivity by rewarding employees for increased productivity, job satisfaction, and strategic changes. The reward system involves designing policies that motivate employees through intrinsic and extrinsic factors to attract and retain highly productive workers. Nishat Mills Ltd is Pakistan's largest vertically integrated textiles company with over 227,000 spindles and various production facilities. Its mission is to provide quality products and explore new markets for sustainable growth, while its vision is to transform into a modern company playing a meaningful role in Pakistan's economy.

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Rida Khan
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3 views3 pages

Employee Reward System Overview

The organizational reward system has improved employee productivity by rewarding employees for increased productivity, job satisfaction, and strategic changes. The reward system involves designing policies that motivate employees through intrinsic and extrinsic factors to attract and retain highly productive workers. Nishat Mills Ltd is Pakistan's largest vertically integrated textiles company with over 227,000 spindles and various production facilities. Its mission is to provide quality products and explore new markets for sustainable growth, while its vision is to transform into a modern company playing a meaningful role in Pakistan's economy.

Uploaded by

Rida Khan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

INTRODUCTION:

The Organizational Reward system has developed employee productivity. The employee get
reward because they have improve productivity, job satisfaction, strategic changing, employee
motivate has help intrinsic and extrinsic factors. It helps to attract and retain highly work.
Manger has promote fairness and equity in employee.

DEFINITION:
REWARD SYSTEM:
“ Reward system involves designing and implementing reward policies and practices which are
most likely to support your organizational objectives, delivering a motivated and effective,
workforce”

REWARD:
“ Rewards that result from employment with the organizational, includes all type of rewards,
both intrinsic and extrinsic reward.”

INTRINSIC REWARD EXTRINSIC REWARD


Achievement Promotion
Job satisfaction Social Relationship
Personal Growth Physical work environment

NISHAT MILLS LTD


Company Profile:
Nishat mills limited is the flagship company of Nishat Group. It was established in 1951. It is
one of the most modern, largest vertically integrated textile companies in Pakistan. Nishat mills
ltd has 227,640 spindles,Toyota air jet looms. The company also has the most modern textile
dyeing and processing units, 2 stitching units for home textile, Two stitching units for garments
and power Generation facilities with a capacity of 120 MW. The company total export for the
year 2016 was Rs.35.931 billion. The company’s production facilities comprise of spinning,
weaving, processing, stitching and power generation.

Mission statement:
“To provide quality products to customer and explore new markets to promote and expand
sales of the company through good governance and foster a sound and dynamic teams, so to
achieve optimum prices of product of the company for sustainable and equitable growth and
prosperity of the company.”

Vision statement:
“To transform the company into the modern and dynamic yarn, cloth and processed cloth and
finished product manufacturing company with highly professional and fully equipped to play a
meaningful role on sustainable basis in the economy of Pakistan.”

DIAGRAM DALNI HAI

Organizational structure:
Human resources management :

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