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Reward preferences in South Africa's media industry

Mini Dissertation (MBA)--University of Pretoria, 2017.

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Other Authors: Bussin, Mark
Format: Thesis
Language:English
Published: University of Pretoria 2017
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access_status_str Open Access
author2 Bussin, Mark
author_browse Bussin, Mark
author_facet Bussin, Mark
collection Thesis
dc_rights_str_mv © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria.
description Mini Dissertation (MBA)--University of Pretoria, 2017.
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institution University of Pretoria (South Africa)
language English
last_indexed 2026-06-10T12:39:35.267Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2017
publishDateRange 2017
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publisher University of Pretoria
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spelling oai:repository.up.ac.za:2263/59785 Reward preferences in South Africa's media industry Bussin, Mark ichelp@gibs.co.za Thabethe, Nokwanda UCTD Mini Dissertation (MBA)--University of Pretoria, 2017. Orientation: Organisations are faced with the challenge of surviving the concentrated competitive pressures in this continuously changing domain of the work place. As a result organisations require their employees to demonstrate energy, dedication and be fully engaged in their work as the quality of human resources is of vital importance to the success of organisations, specifically in uncertain working contexts organisation operate within. The attraction, motivation and retention of skilled workers is a key strategy that must be adopted by organisations in order to remain competitive. Employee remuneration as a psychology and employee engagement concept, calls for a thorough understanding of employee needs in order to enable management to develop equitable mix in reward strategy that will enhance the realisation of the overall objective of organisations in order to ensure competitive advantage. Research purpose: The purpose of this study is to examine context specific reward preferences in order to determine overall reward preferences of employees in the media industry in order to improve on existing reward strategies. Motivation for the study: The focus on reward preferences has emerged as a critical element in identifying what really motivates productive behaviour within the workplace, with the intention being on how to find ways to improve performance within the world of work. Research design approach and method: The research was a quantitative, empirical, and descriptive study of reward preferences in an industry-specific context. A self-administered survey was used as a measure and analysed using non-parametric tests to identify variances between dependent and independent groups, testing for internal consistency and non-parametric analysis of variance (ANOVA). Main findings: Respondents indicated base pay/salary, merit increase that is linked to personal performance, incentives & bonus, safety and security at the workplace, and market-related salary as the five most important reward components preferred by them. The results for reward preferences indicated that monthly salary (base pay) stood out as the most preferred reward category in attracting, retaining and motivating employees. Managerial implications: Managers in the South Africa's media industry need to investigate their organisations' rewards through the perspective of the total rewards concept used in this study in order to assess and develop equitable mix in reward strategy ensuring that they have considered all of the aspects required to attract, retain and motivate employees. Contribution: This study adds to the body of social science research, providing a deeper sn2017 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2017-04-07T13:05:38Z 2017-04-07T13:05:38Z 2017-03-30 2017 Mini Dissertation Thabethe, N 2017, Reward preferences in South Africa's media industry, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/59785> http://hdl.handle.net/2263/59785 en © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Reward preferences in South Africa's media industry
title Reward preferences in South Africa's media industry
title_full Reward preferences in South Africa's media industry
title_fullStr Reward preferences in South Africa's media industry
title_full_unstemmed Reward preferences in South Africa's media industry
title_short Reward preferences in South Africa's media industry
title_sort reward preferences in south africa s media industry
topic UCTD
url http://hdl.handle.net/2263/59785