Effective Reward Management As A Tool For Improving Employee Performance In A Private Sector Organisation (A Study Of Selected Zenith Bank Branches In Nigeria)
Journal Title: International Journal of Humanities and Social Science Invention - Year 2018, Vol 7, Issue 4
Abstract
This study examined effective reward management as a tool for improving employee performance in a private sector organisation; a study of selected Zenith Bank branches in Anambra State Nigeria. The broad objective of the study is to examine the extent to which an effective reward management can be use as a tool for improving employee performance in a private sector organisation. A total of 180 respondents were selected from the Zenith Bank branches in Anambra State. Both primary and secondary data were used for the study. Descriptive survey design (Mean, frequency, standard deviation) and Pearson Correlation analysis was used for data analysis while Regression method and ANOVA was used to test the significant correlation between dependent variable and independent variable. The result from Pearson correlation analysis showed that there is a positive relationship between reward and employee performance; it also showed a highly positive relationship with intrinsic reward and extrinsic reward. The result also supported the hypothesis that there exist positive relationship amongst extrinsic reward, intrinsic reward and employee performance. The study therefore recommends that organisation should adopt the right reward mix that suit the desire of their employee in order to get the best out of them. Second, that organisation should carry out a survey to determine what appeals most to the employee in order to know the type of reward system suitable for them.
Authors and Affiliations
MUOGBO U. S Phd, jacobs CHINEZE J.
Keywords
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