Relational Rewards: Creating a Fulfilling Workplace Environment

The performance and creativity of the employees can be considerably enhanced by creating a fulfilling workplace environment. Transactional rewards and pay for performance programmes have their limitations. Therefore, the introduction of a wide array of relational rewards becomes necessary for the mutual and sustained growth of the individual and the organisation. Relational rewards relate to the work situation and to the physical and psychological well being of the employees. These rewards satisfy emotional and intellectual demands enabling the employees to make better use of their talents and promote interaction with others in a supportive manner. Prominence to relational rewards in the total reward strategy can be a powerful and flexible tool for motivating employees to achieve higher performance. In this paper an attempt has been made to analyse the various dimensions of relational rewards and their role in creating a fulfilling