The effect of reward management on employees motivation in the case study of Bunna international Bank S.C.
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Date
2020-06
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Addis Ababa University
Abstract
The purpose of this research was to investigate, the effect of reward Management on Employee Motivation in Bunna International Bank S.C. The study used both primary and secondary sources of data. A quantitative research approach of data collection was used and 299 questionnaires were distributed out of which 260 of them were returned. Probability sampling (stratified) method was used and employees were selected from each stratum with a random sampling technique. Among the major findings, the overall perception of respondents towards the current reward practices was moderately satisfied in terms of Payment, Benefits package and Promotion. On the other hand, the result also indicated that, there were a satisfaction towards, Supervision, Working conditions, Appreciation and Challenging & Interesting task. The result of correlation shows that, there exist positive and significant relation between payment, promotion, benefit package, recognition , supervision, working conditions, Interesting & Challenging task and employee motivation. It was also indicated that, employees were moderately motivated with the independent variables. Meanwhile, the result of regression analysis indicates, 37.4% of variance explained the employee motivation in terms of reward practices dimensions (independent variables).
It is recommended that, the Bank is to review its both extrinsic & intrinsic reward practices which are the factor that affect employee motivation. The study, also, recommends that further research should be done on the relationship between the reward system and employee motivation in private banks in Ethiopia
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Keywords
Reward, Motivation, Intrinsic Reward