The Effect of Reward Practices on Employees Perceived Performance In Ethiopian Public Banks
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Date
2015-06
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Addis Ababa University
Abstract
Rewarding employees is critical in organizations in this era of competition due to the fact that organizations need to survive, grow and develop. Consequentially, reward has become an issue of strategic importance. The present study was undertaken to investigate the effect of selected reward practices on Employee Performance in Ethiopian Public Banks. Questionnaire was an instrument for the primary data collection. It is a quantitative study. Descriptive statistics based frequency tables and charts were used to provide information on the variables. The results are investigated in terms of descriptive statistics followed by inferential statistics on the variables. A total of 358 questionnaires were distributed to the employees in the concerned public banks and a total of 297 employees completed the questionnaire properly. Hypotheses were developed to see the effect of all the independent variables (pay/salary, benefit, promotion, recognition and working condition) on the dependent variable (Employee Performance). The findings obtained indicated that reward practices have a positive influence on employee performance. Furthermore, it provided suggestions to overcome the problems to improve employees’ performance. Like the public banks must clearly communicate its reward policy and procedure to its employees and the banks should include both financial and non-financial rewards with appropriate mix. In addition timely offer and improvement of its reward practices must be considered
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Keywords
Reward, Pay, Promotion