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Abstract(s)
The purpose of this research is to characterize the reward practices existing in Portuguese companies
through the reward systems developed by these companies. Therefore, it was identified what include
systems rewards on Portuguese companies and explored what type of rewards is more valued by
employees. Survey data were collected from 146 Portuguese companies representing different sizes
and business sectors operating in Portugal and 94 employees from two companies. A quantitative study
was conducted to evaluate the hypothesis of the study. The findings show that 1) the rewards based on
seniority systems are currently in disuse, unlike rewards systems based on job/position, performance
and skills; 2) a combination of monetary and non-monetary rewards are the most valued by companies;
3) there is a predominance of variable compensation in reward systems of the companies as well as
mixed incentives (individual and group); 4) there is a predominance of the short-term incentives in the
reward system; 5) the annual bonus is the most common incentive; 6) the predominant benefit is the
assignment of mobile phone and health insurance; 7) the satisfaction with the rewards system is lower
in female employees; 8) the employee’s seniority is not related with the satisfaction of the rewards
system; 9) the higher satisfaction with the rewards system is founded in the employees with higher
educational qualifications; and 10) the satisfaction with the reward system seems equal in employees
with more and less than 45 years of age. Theoretical and practical implications as well as and future
research directions are discussed.
Description
Keywords
Reward systems Reward types Reward criteria Reward satisfaction