Browsing by Author "Aster, Seifu"

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    Assessment of Reward Management Practice in the Ethiopian Financial Sector
    (2017-07) Aster, Seifu; Gemechu, Waktola (PhD)
    The study was conducted with the aim of assessing strategies and practice of reward management in the Ethiopian financial sector. Primary data was collected using a 4item likert scaled questionnaire from purposively selected 20 head office of banks and insurance industries 265 expected sample size having a response rate of (97.8%). Data was tested in cronbach’s alpha analysis and it fulfills reliability. The questionnaires were analyzed using descriptive statistics and T-test with the support of statistical software program namely Statistical Package for Social Science (SPSS version 24) for analyses and summarization purposes. The findings based on three different constructs (strategy, alignment, system) revealed that existence of some gaps in reward strategy implementation, its alignment with organizational business strategy and gap of controlling and monitoring reward system. It also investigated that Ownership and type as demographic factor that has significant influence on reward management system. Sector should have bridge implementation gap of reward strategy by building the capacity of the employees in the area, fulfilling required resource for implementation before designing, enhancing employee recognition attitude as a principle of the sector. To come up with effective Reward management system, financial sectors should have to control each progress and gather feedback; plan accordingly of a system and to customized their reward management system with employees’ different needs.