THE ROLE OF RECOGNITION AND REWARD SYSTEMS IN STRENGTHENING POSITIVE RELATIONSHIPS AMONG EMPLOYER AND EMPLOYEE WITH REFERENCE TO INFORMATION TECHNOLOGY SECTOR IN TELANGANA STATE

Abstract

Systems of rewards and recognition have become essential tools for improving relationships at work and encouraging employee engagement, particularly in fast-paced sectors like information technology (IT). Effective recognition and reward systems are essential for fostering loyalty, trust, and good employer-employee relations in Telangana State's fiercely competitive IT industry, where organizational commitment and employee retention are ongoing problems. Through an analysis of their effects on employee motivation, job satisfaction, and organizational citizenship behaviour, this study investigates the importance of recognition and reward systems in fostering relationships within organizations. The study illustrates how customized recognition programs both monetary and non-monetary—help lower attrition, boost productivity, and foster an appreciation culture through a combination of theoretical understanding and empirical data. The results highlight