Abstract: This research study aimed to look into the relationship between the adequacy of company rewards and employee performance as perceived by the employees of Coca-Cola Bottlers Phils., Inc. in Meycauayan, Bulacan and Cosmos bottling Corporation in Valenzuela Metro Manila. The respondents of the study were the 35 employees of Cosmos Bottling Corporation and 22 employees Coca-Cola Bottling Corporation. The researcher extensively used the survey questionnaire for data gathering and employed statistical tools such as Weighted Mean, T-test and Pearson R. The findings revealed that the adequacy of rewards between the two groups of employees ranged from barely adequate to adequate. There was a significant difference in the adequacy of rewards as perceived by the two groups of respondents. The findings also disclosed that there was a significant relationship in the adequacy of rewards and employee performance as revealed by the respondents of the two beverage companies

Keywords: Adequacy, reward, Coca-cola employees, Cosmos employees