Financial Incentives and Rewards on Employee Motivation in the Nigerian Electricity Distribution Company

Abstract

The study, financial incentives and rewards on employee motivation in the Nigerian electricity distribution company, used likert scale form questionnaire to gather data from purposive selected employees of the company. On one hand, respondents were asked to rank six financial and non-financial incentives and rewards in order of importance. The result revealed that financial incentives and rewards were more important and motivating to the respondents. On the other hand, Chi-Square crossstabulation on the hypotheses revealed that financial incentives and rewards influence employee attitude, job satisfaction and productivity irrespective of gender and cadre in the organisation.  The study concludes that financial incentives and rewards motivate employee to have positive attitude at work, lead to job satisfaction, improve productivity, and recommends that employers should concentrate more on it to ensure employee positive attitude, job satisfaction, improved productivity and performance.

Keywords: Financial Incentives and Rewards, Employee Attitude, Job Satisfaction, Motivation, Productivity