Employee rewards in Zhejiang, China : Case study: Ningbo Zhonghao Silk Dress Co., Ltd.

Abstract

Rewards are increasingly important in managing modern business due to the economy’s development, globalization, cultural differences and people’s varied needs. So it’s significant to study how rewards perceived in Zhejiang, China. The objective of this study was to find out what types of top important rewards motivate employees most, what different preferences of rewards according to different people’s gender, age, education, salary, position, status or city, and how successfully rewards are performed in Zhejiang Province, China and in the case company. The explorative study combines the quantitative research method by collecting 54 questionnaire feedbacks from business companies in different cities in Zhejiang, and the qualitative research method by interviewing the enterprise instructor in the case company Ningbo Zhonghao Silk Dress Co., Ltd., Zhejiang. The results of the analysis will demonstrate the non-monetary reward ‘Recognition and trust from others’ is top one important reward and the monetary reward ‘The pay is on time’ is top well reward performed by participants’ companies in Zhejiang. Meanwhile, different preferences will be analyzed in the research, and rewarding problems in the case company will be discussed and some suggestions will be given.