The Effect of Reward Practice on Employee Motivation: The Case of Bank of Abyssinia
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Date
2024-10
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Addis Ababa University
Abstract
The successes or Failure of the organization mostly depends on their employees. To besuccessful organizations should have a well-designed reward practice that leads to the best
achievement on the output of employees. This study seeks to examine the practice of rewardn employee motivation and in turn find the relationship between Reward and Employee
Motivation in Bank of Abyssinia. The research gathered data from two main sources namelysecondary and primary sources. Techniques employed in gathering the primary data were
questionnaire survey. A total of 289 questionnaires were distributed to employees of theBank.General Science Statistical Package (SPSS) version 25 was used to analyze the data. W
hen it comes to demand verified employee motivation metrics, the results show: the meanvalues for the benefits, promotion recognition, salary, work condition and work content and
training & developments. By respondents with their motivation not satisfy. The resultindicates that there is a statistical significant relationship between the practice of Reward and
Employee Motivation. Majority of respondents indicated that the current reward practice ofthe bank do not stimulates or encourages them to work hard. Therefore, Respondents
recommended improving the reward practice to initiate employees to work hard by offeringmore incentives to increase competitiveness within and outside the company.
Key Words: Benefits, Employee motivation, salary, promotion, recognition, workcondition, training & developments and work content.