Effect of Reward on Employee Motivation: The Case of United Bank
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Date
2017-05-09
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Addis Ababa University
Abstract
The study sought to find out the effect of reward on employee motivation in the United Bank of Ethiopia. The questioners were provided based on with the dimension of intrinsic and extrinsic rewards. To achieve the overall objective of the study data collected from employee of united bank focusing on the head office. Accordingly, 62 respondents were participated in the study using stratified random sampling technique. Explanatory research design was applied. The study tried to process and analyze the data using different descriptive and inferential statistics such as, Mean & SD, frequency, Pearson correlation, and multiple regressions. The data were analyzed by using SPSS data Package version 20. The result revealed that all extrinsic reward and intrinsic reward dimensions mean value is above average besides there is strong and significant relationship between all reward dimensions and employee motivation except empowerment. The finding of the regression analysis also revealed that payments, benefit, promotion, supervision, working condition challenging job, recognition have significant positive effect on employee motivation. The result of the regression analysis shows that extrinsic and intrinsic rewards have significant and positive effect on employee motivation in the United bank. Accordingly United bank management needs to give emphasis and due attention for all total rewards to improve the level of employee motivation.
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Keywords
Reward, Motivation, extrinsic reward