Assessing the Relationship Between Diversified Workforce and
Reward on Employees’ Performance in the Organisation: An
exploratory study of private organisations In Bangladesh
ASSESSING THE RELATIONSHIP BETWEEN
DIVERSIFIED WORKFORCE AND REWARD ON
EMPLOYEES’ PERFORMANCE IN THE
ORGANISATION: AN EXPLORATORY STUDY OF
PRIVATE ORGANISATIONS IN BANGLADESH
Muhammad Sabbir Rahman
Multimedia University, Cyberjaya
Mehdi Hussain
Bashir Hussain
North South University, Dhaka Bangladesh
ABSTRACT
Managers and scholars agree that proper financial
reward systems and diversity in the workforce can play a
positive influence on individual employee’s performance.
However, this assertion remains largely untested on the
workforce in a country like Bangladesh. To examine this
implied relationship under the developing country’s
workforce perspective, this study investigated the impact
of financial rewards and diversified workforce on
employees’ performance in a sample of 300 male and
female respondents from various private organisations in
Dhaka city, capital of Bangladesh. This study formulated
two hypotheses and analysed the data by using
exploratory factor analysis, confirmatory factor analysis
and structural equation modelling. Surprisingly results
from this research indicated that the majority of
employees believed that financial reward practices by
the firms had a significant effect on their performance
followed by diversified workforce culture in their
workplace. The outcome of this research shows a
comprehensively integrated framework for academics
and mangers to understand the several dimensions that
2011 IJES VOL 19 NO 2
Page 83
Muhammad Sabbir Rahman, Mehdi Hussain and Bashir Hussain
are influencing employees’ performance in the
organisation. The present study makes useful additions
to the current knowledge of employee’s performance
which was tested through rewards and diversity variables
under the workforce environment of a...