Reward systems in workplaces are changing rapidly as younger employees enter the workforce. Generation Z, born after 1997, is becoming a major part of organisations worldwide. Their expectations differ from older generations. They want meaningful work, sustainability, flexibility, and personal growth. Many organisations are now rethinking reward systems to match these new expectations. Here, let's explore how rewards are being redefined with a focus on Gen Z, sustainability, and intrinsic motivation, supported by research and global examples. Changing Expectations of Gen Z Gen Z is highly aware of social and economic issues and seeks workplaces that offer fairness, growth opportunities, and ethical leadership. Researches show that Gen Z employees leave companies that do not align with their values, even if salaries are competitive (Deloitte, 2024). This is different from earlier generations, who often prioritised job security and financial growth. In Sri Lanka, companies such a...
Employee engagement is now seen as one of the key drivers of business success. When employees feel involved, valued, and motivated, organisations often see higher performance, better customer satisfaction, and stronger profits. This article explains how engagement connects to performance, using theories, research, and real examples from global companies. Kahn (1990) describes engfagement it as when employees bring their full physical, emotional, and mental energy to their job. Unlike job satisfaction, engagement is more active. Engaged employees are enthusiastic, focused, and willing to put in extra effort (Schaufeli & Bakker, 2004). How Engagement Improves Results There is strong evidence that engaged employees help organisations perform better. A large study covering thousands of business units showed that higher engagement led to better productivity, customer satisfaction, profits, and lower turnover (Harter, Schmidt & Hayes, 2002). This connection appears in many indu...