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VOL. 11, ISSUE 4 (2024)
Role of reward and punishment on employee performance of the pharmaceuticals industry in Bangladesh
Authors
Mahbubul Alam, Md. Ohidul Islam, Md. Kamruzzaman, Syed Mohammad Khaled Rahman, Mokarremul Hoque Helal Mridha
Abstract
This research aimed to explore the impact of
Bangladesh's pharmaceutical sector's reward and punishment system on employees’
performance. Employing a quantitative methodology, primary data were collected
during the year 2022. The sample consisted of all medicine-producing 11 ‘A
category’ pharmaceutical companies listed on the Dhaka Stock Exchange. A total
of 306 employees were surveyed using a questionnaire selected through purposive
sampling techniques. The collected data were analyzed using the statistical
software SPSS. The study revealed that both extrinsic rewards and punishment
significantly and positively influenced the performance of employees within
Bangladesh's pharmaceutical companies. However, intrinsic and social rewards
were found to have an insignificant impact. These findings have important
implications for various stakeholders, including policymakers, employees, managers,
doctors, patients, and others involved in the pharmaceutical industry. The
study underscores the importance of implementing appropriate reward and
punishment mechanisms to enhance employee performance, benefiting Bangladesh's
pharmaceutical sector.
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Pages:1-6
How to cite this article:
Mahbubul Alam, Md. Ohidul Islam, Md. Kamruzzaman, Syed Mohammad Khaled Rahman, Mokarremul Hoque Helal Mridha "Role of reward and punishment on employee performance of the pharmaceuticals industry in Bangladesh". International Journal of Multidisciplinary Research and Development, Vol 11, Issue 4, 2024, Pages 1-6
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