The Effect of Reward, Benefits & Incentives on Employees Performance in Case of ZEMEN Bank S.C
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Date
2017-05-26
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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. This study was undertaken to investigate the effect of reward, benefits & incentives in case of ZEMEN bank s.c. Questionnaire and interview was used for the primary data collection and document evaluation as of secondary data. Exploratory research design based on frequency tables was used to provide information on the variables. The results are investigated in terms of descriptive statistics. A total of 170 questionnaires were distributed to the employees in the bank located only in Addis Ababa and a total of 160 employees completed the questionnaire properly. Hypotheses were developed to see the effect of all the
independent variables (pay/salary, benefit, recognition, bonus and incentives) on the dependent variable (Employee Performance). The findings obtained indicated that reward, benefits and incentives have direct relationship to the employee’s performance Furthermore, it provided suggestions to overcome the problems to improve employees’ performance. Some of are like providing of non financial reward, establishment of labor union, fair distributions of reward,
benefits and incentives.
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Reward, Pay/Salary, Benefit