Organizations need a well-built reward system, which is an important part of every organization. The reward system plays an important role for the standard of living of employees, keeping a healthy environment in the workplace and friendly relationships between employees. With the right way of motivating, employees are more effective and reach the goals of the organization. Rewards are meant to encourage, enthuse and motivate employees. In modern society, non-financial rewards have an increasing importance, which provides organizations with a new challenge - how to gain and keep employees.
The purpose of the thesis is to present the field of employee rewarding and to study the differences between financial and non-financial rewards. The goal was to perform a research in organization Svečarstvo Jurkovič, d. o. o., to study their reward system and determine whether their employees are satisfied with it. The results show that employees are satisfied with the working hours, friendly relationships between them, with the working terms and excitement of the work. The dissatisfaction is related with insufficient information about the reward system and its fairness, which could be solved through better communication and more clearly set rules of the reward system. The reward system needs to include employees and establish better communication between employees and superiors in order for employees to be satisfied. The reward system needs to be clearly set in a way, where the size of the reward would be justified and fair. Rewards need to be set in a way to encourage employee motivation and make them perform their work with pleasure.
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