The aim of this thesis was to find out how satisfied the employees are with the current reward system and how the reward system could be developed. The aim was also to collect observations about the factors influencing work motivation. The study was conducted for a company operating in the financial sector and the object of the study was a one team from the case company.

The study was carried out as qualitative research using thematic interview combined with quantitative research in the form of a survey. 15 employees responded to the survey, and two managers and one employee were interviewed.

As a result of the study, it can be concluded that the current reward system should be developed, because it is currently not motivating or fair. Through the study, it was also possible to observe how different things motivate different people. Based on the results of the study, for some employees, monetary rewarding is more relevant in terms of motivation than for others.

Based on the results of the study, development proposals were presented for renew the salary structure and reward system. The employees who responded to the survey were divided into two different groups based on what motivates them.