The Effect of Financial Reward on Employees’ performance: In the case of kolfe keranyo sub city woredas
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Date
2021-03
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A.A.U
Abstract
The study attempts to explore the effect of financial reward on employees‘ performance the case of kolfa keranyo woredas‘, Addis Abeba, Ethiopia. To achieve the objective of the study, quantitative research methodology was used to explore data obtained from primary and secondary sources. Primary data were collected by means of survey questionnaire. Secondary data were generated through reviewing the works of scholars, published and unpublished documents. The data collected were analyzed, summarized, and interpreted through quantitative methods of data analysis. For the purpose, Statistical package for social sciences version 26 software was employed. The explanatory research method was used to explain and supplement the numerical data. This study adopted explanatory research design. Systematic random sampling was used to determine the sample unit. And simple random sampling was used to determine the sampling procedure and size to choose among 369 individual samples selected. The finding of the study reveals that the financial reward is not sufficient enough to motivate employees to exert their maximum effort for the job. The study has attempted to respond to the research questions stipulated. Accordingly, the findings of the study reveals that There is a positive significant relation(r=0.646,p<0.01) between (employee performance and financial reward).Furthermore,the study has found out that there is a significant relation between salary and employees performance.That is,the result shows that there is a moderate positive relationship with( r=0.519,p<0.001)between salary and employees performance
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Keywords
Financial rewards, Basic salary Allowance