The Effect of Reward Practices on Employee Motivation in Dashen Bank S.C
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Date
2017-06-11
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Addis Ababa University
Abstract
The purpose of this research was to investigate, the effect of reward practices on employee
motivation in Dashen Bank S.C. The study used both primary and secondary sources of data. A
quantitative research approach of data collection was used and 255 questionnaires were
distributed out of which 241 of them were returned. Probability sampling (stratified) method was
used and employees were selected from each stratum with a random sampling technique. Among
the major findings, the overall perception of respondents over current reward practices were not
happy, not enough, not competitive and not attractive. on other side the ranking orders as
respondents choice of the most motivator factors from the list, payment is the highest influential
factor for employee motivation followed by benefit, promotion, recognition and working condition
respectively, but according to respondents choice work content and Supervision have the least
motivational factors respectively. The result of correlation shows that; there exist positive and
significant relation between payment, promotion, benefit, recognition & supervision and
employee motivation. On other side, the result of regression analysis shows that; payment and
promotion are high explanatory of employee motivation. On top of that, a significant portion of
employees considered the reward practices in Dashen Bank S.C. as less motivating, unfair, not
competitive and attractive and hence employees seemed to be less responsibility, les loyalty and
belongingness and less committed to the organization. It is recommended to review the banks
current reward practice that are factor that affect employee motivation.
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Keywords
Reward Practices, Employee Motivation