The Role of Contingent Reward Leadership on Bank Performance:The Case of Hibret Bank Sc
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Date
2022-06
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Addis Ababa University
Abstract
The purpose of this study was to investigate the role of Contingent Reward leadership on bank performance in the case of Hibret Bank sc. Taking the study’s objectives and questions into consideration, a quantitative research technique and descriptive research designs were adopted. The proportional stratified, and random sampling procedures were used in the study. Structured questionnaires were issued to a sample of 336 Hibret Bank sc clerical and management staffs through mail group to obtain quantitative data. As a statistical tool, the Statistical Package for Social Science software (SPSS) version 26.0 was used. Descriptive and inferential analyses were used to analyze the quantitative data. Correlational analysis demonstrated a substantial association between the mean score of CR leadership factors (contingent financial reward and contingent non-financial reward) and the dependent variable, bank performance. Similarly, the results of multiple regressions revealed that predictor factors such as CR leadership (Contingent financial and non-financial reward) had a favorable and substantial influence on the bank's performance. Thus, this study suggests the formulation and implementation of effective contingent reward and recognition systems where employees are clearly informed what is expected from them, staffs are assisted to develop themselves and recognized for achievement to encourage the performance improvement for employee and the bank as well.
Keywords: Contingent reward leadership, Contingent financial reward, Contingent non-financial reward, Bank performance