Employees must be rewarded for businesses to survive, grow, and flourish in today's competitive environment. Human capital is a critical component of today's corporate environment. The study applied the quantitative method to test the influence of organizational reward systems on employee retention in manufacturing industries in Myanmar. The results showed that the participants positively perceived both intrinsic and extrinsic rewards of organizations. The multiple linear regression test presented that the reward systems (intrinsic and extrinsic) have a positive correlation with employee retention. Employees will stay at current working organizations when they perceive attractive reward systems.