Table 2.

Theory based literature

Sl. no.SourceTheoryCentral hypothesesVariablesEmpirical finding
1Bohlander and Snell (2004) Expectancy theoryEmployees expect rewards they value in exchange for effort they put in on the job. It is a cognitive process where employees make choices which reward motivates them.Pay-for-performance and rewards, the attractiveness of the rewards sought and the probability of obtaining those rewardsSupported
2De Gieter and Hofmans (2015) Total rewards, Turnover intention and task performanceSupported  
3Martin and Ottemann (2016) Workforce generational cohorts, organizational rewards packages, attraction and retentionSupported  
4Rybnicek et al. (2019) McClelland’s need theoryEmployees differ regarding the level of their need for achievement, affiliation and power. If an organization wants to direct employee behaviour it should offer rewards that promise need-fulfilment.rewards, leadership and needs for power, achievement and affiliationSupported
5Cerasoli et al. (2014) Intrinsic motivation, external reward, and performanceSupported  
6Chiboiwa et al. (2010) Reward system, employee turnoverSupported  
7Morgan et al. (2013) Herzberg theoryMoney is hygiene factor. Money alone is not capable of motivating an employee.Rewards, job satisfaction and intent to stayMixed
8Huang and Tianshu (2013) Total rewards and work engagementSupported  
9Mabaso and Dlamini (2021) Total rewards and organizational commitmentSupported  
10Twenge et al. (2010) Self-determination theory of motivationSDT distinguishes between intrinsic motivation and extrinsic motivation. External rewards undermine intrinsic motivation. Intrinsic motivation is said to arise when three basic psychological needs, namely, the need for relatedness, the need for competence and the need for autonomy are fulfilled.Work values, extrinsic rewards, intrinsic rewards, social rewardsMixed
11Akhtar et al. (2015) Total rewards and RetentionSupported
12De Gieter and Hofmans (2015) Turnover intention and task performanceMixed
13Thibault Landry and Whillans (2018) Rewards, well-being, engagement, retentionSupported
14Cao et al. (2013) Equity theoryEmployees who are under-rewarded will display negative behaviour at workplace as compared to those over-rewarded.Total rewards and organizational justice, turnover intentionSupported
15De Gieter and Hofmans (2015) Turnover intention and task performanceMixed  
16Rai et al. (2019) Total rewards, Intention to saySupported  
17Mulvey et al. (2000) Maslow’s theoryEmployees are motivated to satisfy needs in a hierarchy of importance. Employees constantly desire better circumstances; they always want what they do not yet have.Monetary and non-monetary rewards; employee turnoverNot supported
18Martin and Ottemann (2016) Goal setting theoryGoal setting is an important lever of performance management which has linkages with engagement, motivation and work meaningfulness. Linking rewards to goal attainment is more likely to motivate effort when individuals have a reasonable expectancy of achieving the goal.Workforce generational cohorts, organizational rewards packages, attraction and retentionSupported
19Schlechter et al. (2014) Generational theoryBased on generational theory, members of each generation can be grouped into cohort and each cohort can be identified as a unique employee group with different work values and reward preferencesTotal rewards, retentionSupported
20Bussin and van Rooy (2014) Total rewards preferences, retentionSupported  
21Smit et al. (2015) Total rewards and demographic variables, retention, perceived organisational support and perceived supervisor supportSupported  
22Peluso et al. (2017) Social exchange theorySET postulates a mutual relationship and mutual obligation between employees and organization based on perception what employees get in terms of rewards in return for being committed to the organization. This determines their positive and negative attitude towards their job and the organizationTotal rewards, job satisfaction, affective commitment and innovative behaviour at workSupported
23Gulyani and Sharma (2018) Total rewards, work engagement and work happinessSupported
24Rai et al. (2019) Total rewards, Intention to saySupported
25Alhmoud and Rjoub (2020) Employees’ generation, total rewards, retentionSupported

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