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International Journal of Science, Strategic Management and Technology

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COMPARATIVE STUDY OF FINANCIAL AND NON-FINANCIAL REWARDS AT SAMSUNG INDIA ELECTRONICS

AUTHORS:
Priyanshu Kumar
Mentor
Dr. Pooja Kohli
Affiliation
Department of Business Administration, Quantum University, Roorkee
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract

The present research paper entitled “Comparative Study of Financial and Non-Financial Rewards at Samsung India Electronics focuses on the role of reward management in influencing employee motivation, job satisfaction, retention, and organizational performance. In the competitive business environment, employees are considered valuable assets, and organizations use reward systems to improve productivity and maintain workforce stability. Rewards are broadly divided into financial rewards such as salary, bonuses, incentives, allowances, and retirement benefits, and non-financial rewards such as recognition, promotions, training, career growth, and work-life balance (Armstrong & Taylor, 2023).The main objective of the study is to compare the effectiveness of financial and non-financial rewards at Samsung India Electronics and to identify employee preferences regarding these reward practices. The study is based on both primary and secondary data. Primary data may be collected through questionnaires from employees, while secondary data are gathered from books, journals, company reports, and previous research studies. Descriptive and analytical methods were used for data interpretation.The findings reveal that financial rewards are important for satisfying employees’ economic needs and attracting skilled professionals. Competitive salaries, incentives, and welfare benefits improve morale and reduce turnover. Non-financial rewards such as recognition, training opportunities, career advancement, and a positive work environment are equally important for long-term employee satisfaction and loyalty (Herzberg, 1968).The study concludes that both financial and non-financial rewards are complementary in nature. Younger employees generally prefer growth opportunities and recognition, while experienced employees give more importance to salary growth and job security. Therefore, a balanced reward strategy is essential for enhancing employee motivation, productivity, and retention at Samsung India Electronics.

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Kumar, P. (2026). Comparative Study of Financial and Non-Financial Rewards at Samsung India Electronics. International Journal of Science, Strategic Management and Technology, 02(05). https://doi.org/10.55041/ijsmt.v2i5.452

Kumar, Priyanshu. "Comparative Study of Financial and Non-Financial Rewards at Samsung India Electronics." International Journal of Science, Strategic Management and Technology, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i5.452.

Kumar, Priyanshu. "Comparative Study of Financial and Non-Financial Rewards at Samsung India Electronics." International Journal of Science, Strategic Management and Technology 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i5.452.

References
1.Armstrong, M., & Taylor, S. (2023). Armstrong's handbook of human resource management practice (16th ed.). Kogan Page.

2.Herzberg, F. (1968). One more time: How do you motivate employees? Harvard Business Review, 46(1), 53–62.

3.Armstrong, M., & Taylor, S. (2023). Armstrong's handbook of human resource management practice (16th ed.). Kogan Page.

4.Dessler, G. (2020). Human resource management (16th ed.). Pearson.

5.Herzberg, F. (1968). One more time: How do you motivate employees? Harvard Business Review, 46(1), 53–62.

6.Milkovich, G. T., Newman, J. M., & Gerhart, B. (2021). Compensation (14th ed.). McGraw-Hill Education

7.Armstrong, M., & Taylor, S. (2023). Armstrong's handbook of human resource management practice (16th ed.). Kogan Page.

8.Herzberg, F. (1968). One more time: How do you motivate employees? Harvard Business Review, 46(1), 53–62.

9.Robbins, S. P., & Judge, T. A. (2019). Organizational behavior (18th ed.). Pearson.

10.Milkovich, G. T., Newman, J. M., & Gerhart, B. (2021). Compensation (14th ed.). McGraw-Hill Education.

 
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✓ All ethical standards met
This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
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