Assessing the Role of Reward and Incentive in Enhancing Employee’s Performance in the case of Bunna International Bank S.c
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Date
2017-05-02
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Addis Ababa University
Abstract
The aim of this study was to examine the Role of incentive and reward system with respect to
overall levels of employee’s performance in Bunna International Bank. The research was
descriptive in nature. Qualitative as well as quantitative research design has been adopted in this
paper to achieve the objectives of this in which study. Role of incentive and reward system were
taken as independent variables and performance as dependent variable for this study. Structured
questionnaire was used to gauge the responses on a five level scale. Questionnaire was
distributed to 219 sample respondents who work at different branch of Bunna International Bank
in Addis Ababa. Non-probability sampling was employed to select area banks and in order to
select sample respondents, simple random sampling was used. Data were analyzed by using
different statistical techniques like descriptive statistics techniques, and regression analysis by
using SPSS. The study confirmed that the role of incentive & reward system was important for
employee performance in the case company but the importance of mixed reward system cannot
be discriminated. It is also found out that basic salary was the most motivating factor in
enhancing employees performance, Job security and career advancement were also found to be
highly motivating factor in enhancing employees performance. This research can be helpful for
the banking sector specifically to Bunna International Bank. They can design effective
compensation package to motivate employees to perform better to make the bank highly
competitive in banking industry
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Keywords
Incentive, Reward and performance