THE IMPACT OF ORGANIZATIONAL REWARD SYSTEM ON AN ORGANIZATION. A CASE STUDY OF ANAMMCO LTD

BACKGROUND OF THE STUDY
Choosing the right reward and benefit system to improve employee productivity is tricky. If an employee chooses a reward that holds little meaning for her employees, productivity suffers. In addition, the employer losses the time and money spent on the ineffective rewards system. To select an effective recognition system to increase productive, an employer should set specific and measurable productivity goals, understand what motivates her employees and consider using a variety of rewards and benefits.
WORKER REWARD: Is however one of the most germane activities of management. It has been the preoccupation of all the management of multifarious organization ranzing from small-scale organization to multinational corporations.
WORKER REWARD: In an organization involves the process of taking action by some official person or body to approve, modify or reject a preferred position or an group of issue. This could be the form of enactments of legislation or an issuance of an executive order in an organization. This process involves the art of day –to-day.
WORKERS REWARDS: That are applied in the running of an organization.

FOR WORKERS REWARD To be assumed to be effective there must exist competing alternatives. Before effective WORKERS REWARDS: Are taken some proposals will be rejected, others accepted, still others modified. The differences will be narrowed bargains will be struck until ultimately, in some instances, the workers reward will be assumed to be only a formality. In other words, the question will be in doubt until the votes are counted or the workers reward is announced. Managers many at times consider workers reward making to be the heart of their job that they must always choose what is to be done, who will do it, when where and most of the time how it will be done.
Traditionally, managers influence the ordinary employees and specifically, their immediate subordinates in the organization. This has resulted in managers making unnatural workers reward even in case areas effecting their subordinates.

In Germany, around 1951, a Law enacted which provides for code termination and requires labour membership in the supervisory board and executive committee of certain large corporations. However the participation of labour in workers reward making process resulted to relatively and peaceful labour management notation.

1.2 HISTORICAL BACKGROUND
Was conceived in 1970s as a joint venture between the federal Government of Nigeria (FGN) 35%, and Daimler-Benz AG (“Daimler” 40% of Germany and others 25% to import and assemble completely knocked down units of Mercedes Benz trucks and business in Nigeria.
By its memorandum of Association, ANAMMCO is established to carry on the business of important of completely knocked Down sets of Mercedes Benz commercial vehicles and passenger cars as well as spare parts pertaining there and the assembling of same in Nigeria under license from Daimler or from Local suppliers.
Daimler and ANAMMCO entered into manufacturing and agency agreements whcib gave ANAMMCO selling rights in respect of trucks and buses imported in completely Knocked Down version and assembled and/or manufactured by ANAMMCO in Nigeria only and the spare parts.

ANAMMCO was designed to manufacture and assembly range of Mercedes Benz commercial vehicles, agricultural tractors, cars and spare parts Buy, sell, Let or hire, repair, alter or deal in machinery components parts, accessories and fithings of all kinds for vehicles and tractors employees. The company has 800 staff Facilities:
The company is rich in assets. Machinery and equipment, Buildings, Hospital. Recreational Facilities: Tennis court and swimming pool, branch offices in major cities like Lagos, Abuja and Port-Harcourt for procurement, maketing and distribution 300,000 sq/m of Land training school/centre. Utilities, water and electricity services. NOTE: the company imports completely knocked Down from Daimler “CBenz AG, Germany, Brazil, Spain and P.T. German Motors, Indonesia.