Assessment of Reward Management Practice in the Ethiopian Financial Sector
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Date
2017-07
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Abstract
The study was conducted with the aim of assessing strategies and practice of reward
management in the Ethiopian financial sector. Primary data was collected using a 4item
likert scaled questionnaire from purposively selected 20 head office of banks and insurance
industries 265 expected sample size having a response rate of (97.8%). Data was tested in
cronbach’s alpha analysis and it fulfills reliability. The questionnaires were analyzed using
descriptive statistics and T-test with the support of statistical software program namely
Statistical Package for Social Science (SPSS version 24) for analyses and summarization
purposes. The findings based on three different constructs (strategy, alignment, system)
revealed that existence of some gaps in reward strategy implementation, its alignment with
organizational business strategy and gap of controlling and monitoring reward system. It
also investigated that Ownership and type as demographic factor that has significant
influence on reward management system. Sector should have bridge implementation gap of
reward strategy by building the capacity of the employees in the area, fulfilling required
resource for implementation before designing, enhancing employee recognition attitude as
a principle of the sector. To come up with effective Reward management system, financial
sectors should have to control each progress and gather feedback; plan accordingly of a
system and to customized their reward management system with employees’ different needs.
Description
A Thesis Submitted to the Department of Management in Partial Fulfillment
of the Requirements for the Degree of Master in Business Administration.
Keywords
Reward Management, Financial Sector