impact of monetary and non-monetary incentive on workers preformance. Free essay! Download now
Home > University > Business studies > impact of monetary and non-monetary incentive on workers preformance.
impact of monetary and non-monetary incentive on workers preformance.
You can download this essay for free. All you need to do is register and submit at least one of your essays to us.
Or you can purchase this essay for just $2 instantly without registering
Downloads to date:
| Words: 9264 | Submitted: 31-Mar-2013
98.3% | Number of pages: 64 | Filetype: Word .doc
This is what the first 3 pages of the essay look like
DescriptionThese study examines the impact of financial reward on workers productivity, and the impact non financial reward has on workers productivity.
AN EXPLORATORY STUDY OF EMPLOYEE ATTITUDE TOWARDS MONETARY AND NON-MONETARY INCENTIVES IN THE PUBLIC ENTERPRIESES
There has been controversy as to whether Human Resources can be developed in public enterprises. It is against this background that an evaluation of Human Resources development in public enterprises was conducted. The questionnaire method was used to obtain data for the study and random sampling procedure was used in the selection of respondents from the organization under study. The sample percentage method of data analysis was used in analyzing the data obtained. The study found training, motivation, effective evaluation of employees performance can be used to develop Human Resource in public enterprises and various training methods were used to training employee in this organization. The study therefore conclude that for effective utilization of Human Resources in public Enterprises, there is need for training and development policy formulation and implementation.
BACKGROUND OF THE STUDY
Ordinarily an enabling environment is required for employee (either as a term or individual) to improve his/her performances in order to accomplish organization goals and objectives. It is based on this background that manager suppose to know the attitude of his/her employees/subordinates in the interest of the organization. The employees could be influences through several incentives; either monetary or non-monetary. These two forms of incentives for improve employees performance.
However, there is the need more than ever before to re-discover the weakness and the strengths of incentives used in motivating employee’s attitudes as a basis for future improvement and also to unravel the effectiveness of the use of incentives in motivating employees. It will also reveal the problems, frustrations, anxieties that employees pass through in their work environment where certain incentives are de-emphasized. It will equally assist management to engage in staff welfare development that will aid improved productivity.
Productivity is concerned with the total value or volume of output in work situation while production refers to the volume, value or quantity of goods and services produced in a given period by employees productivity shows the efficiency of production. Employees attitudes and performance have an immense bearing on productivity. Job performance of employees is determined by the ability of individual employee to perform well on his job as well as the level of motivation offered by the work environment and it is of fundamental importance in productivity. The study examined the attitude of employees towards monetary and non-monetary incentives in organization with the mindset that management will appreciate the needs of the use of incentives in motivating employee’s attitude.
STATEMENT OF THE PROBLEM
In the past, employers of labour complained that employees performance were efficient when they are new but with time, their efficiency and productivity decreases, in turn the employees have attributed the ...
Download this essay in full now!
Just upload at one of your essays to our database and instantly download your selection! Registration takes seconds
Comments and reviews
Reviews are written by members who have downloaded the essay
No comments yet. If you download the essay you can review it afterwards.