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SUMMARY
The research indicated that reward programs promotes organisation development in the University of Benin. This is because the employers offer financial rewards in form of salary, bonus, overtime and allowances and also non-financial rewards such as training and development in the Institution. The employees are not reasonably satisfied with the levels of these rewards because they are not frequent and they feel short paid. However the employees are somewhat satisfied with non- financial rewards (praise from their bosses, formal and informal recognition, and end of year family day) because these rewards are not frequently used in the University of Benin.
The findings of this research revealed that the majority of the employees are not happy with level of salary increment they get, although they are satisfied with the bonus level. Also employees were satisfied with the way promotion is being carried out at the Institution. However, the study indicated that work performance would substantially increase when there is frequent salary increase, annual bonus level are increased and performance-based promotion are implemented.
