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
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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