Rewards, Recognition and Benefits of Selected Companies in the Food Industry in Central Visayas
Mechelle Balansag | Rachelle Beth Balansag
Discipline: Education
Abstract:
Strong recognition and rewards are the core pillars of a healthy, dynamic talent management strategy. The world is becoming a
culture in which people expect to be rewarded for drawing breath and taking up space, which makes the job of an HR
professional or business leader tasked with employee retention a difficult one. Thus, this study was conducted to evaluate the
rewards and recognition schemes of selected food manufacturing companies in Central Visayas in the hope of creating a list of
rewards and recognition programs best practices helpful to HR practitioners in the industry itself as well as the HRDM
instructors in the academe producing HRDM graduates in terms of discussion points and reference material. Moreover, the
findings of the study indicated that the majority of the workers in the selected food manufacturing company were males due to
the nature of the job, and it is much preferable to have male workers than women in the production department. The average
age for the employees is 30 years old. Most of the respondents had graduated from high school, and the majority of them were
married at that age. The majority of the respondents are regular employees in their company with a tenure of one to three years.
Performance evaluations were conducted quarterly and semi-annually to improve and maintain the efficiency of the employees
and to be able to address the needs of those who didn’t meet the standards. The majority of the employees are motivated to go
to their job and achieve good performance to be retained in the company to provide for their families. The level of compliance
of the companies to the DOLE rewards and recognition was between expanding and consistent.
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