The Effect of Financial Reward on Employees’ Performance: The Case of Commercial Bank of Ethiopia: North Addis Ababa District

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Date

2017-06-14

Authors

Mekonnen, Shiferaw

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Publisher

Addis Ababa University

Abstract

This study sought to find out that the Effect of Financial Reward on Employees’ Performance in Commercial Bank of Ethiopia. In order to achieve the research objectives the researcher used a descriptive type of research studies. The study is guided by three research questions; which seek to answers whether the financial reward has effect on’ performance of CBE employees. Data were collected through questionnaire and interview prepared based on various scholars work. Considering the manageability of number of employees in the bank, sample for the study was taken from only Commercial Bank of Ethiopia North Addis Ababa district. This is because, for the homogeneity and similarity of the bank's structure and for the convenience of the area to collect the questionnaire. To select the required sample size; the researcher used multi-stage sampling method. Descriptive statistics based frequency tables and charts were used to provide information on the variables. The validity of the instrument was checked and internal consistency of the instrument was measured using Cronbach Alpha. The values of correlation coefficient shows there is significant relationship within payment, benefit and Employees’ performance. However the relationship is stronger between benefit and employees’ performance as compared to the payment. Hypotheses were developed and tested to see the effect of all the independent variables (payment and benefit) on the dependent variable (Employees’ Performance). The findings obtained indicated that both payment and benefit have a strong and positive influence on employees’ performance. Furthermore, it provided suggestions to overcome the problems to improve employees’ performance.

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Keywords

Employees’ Performance, Financial Reward, Payment

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