Influence of Reward Management System on Employee Performance in the Start-Up Business of Bangladesh: ShopUp Bangladesh

Business

This thesis investigates how reward management systems affect employee performance in Bangladeshi start-ups, with a particular emphasis on ShopUp Bangladesh. The study looks at the relationship between financial and non-financial rewards with employee performance. The study used a quantitative methods approach by integrating quantitative information from employee surveys. Results show that rewards—both monetary and non-monetary—have a substantial impact on employee performance, with a mix of the two working best. Although non-financial reward like recognition and professional growth opportunities can increase work satisfaction, employees still prefer monetary benefits like salaries and bonuses. According to the report, a well-balanced compensation plan is crucial for lowering staff attrition, raising motivation, and improving performance in startups. Recommendations include tailoring incentives according to employee demographics, encouraging open communication about performance standards, and streamlining reward schemes by combining financial and non-financial rewards. This research provides valuable insights for startups seeking to enhance human resource practices to foster a motivated and high-performing workforce.

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