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THE EFFECT OF MONETARY INCENTIVE ON WORKERS PERFORMANCES IN NIGERIA ORGANIZATION

(A CASE STUDY OF IMT ENUGU)

 

ABSTRACT

          This research was undertaken to study the Effect of Monetary Incentive on the Performances of Workers in an Organization. A case study of IMT Enugu.

          In all organization, productivity is beckoned on the design of its incentive visible to balance among various management levels. There are several incentive variables that could motivate people to work to their optimist level and when these variables are not there their productivity will be greatly effected.  This may come in the form of a well packaged remuneration. Still others may not necessarily be motivated with a well packaged incentive scheme.

          In general data needs to achieve the objectives of the study, descriptive survey research design was adopted questionnaire was used as the major instrument for primary data collection.  To broaden the researchers depth of knowledge in the study areas the researcher embarked upon review of related literature, with data draw from secondary sources. Data generated in the study was presented on frequently tables and analyzed using simple percentage while the hypothesis were tested with two (2) tests.

 

CHAPTER ONE

1.0     INTRODUCTION

 

          Sometimes one wonders why some people perform more than others on the job or why people work hard.  Man in his natural form is lazy and always tries to gratitude toward his comfort zone unless some kind of forces or situations confront him.  It is this force or situation that arouses his desire or more out of this comfort zone in order to avert negative consequences or reap a positive reward as the case may be.  This force or situation now becomes the motive for his working towards his set target (motivating factor).

          Wole Adewunmi (1992) defined motivation as “the inner stimulus that induces one to behave the way he does.  It has to do with inner states that energizes activities of moves and therefore directs behaviour toward goals,

          In an organization, productivity is beckoned on the design of its incentives variable to balance among various management levels.

          There are several incentive variable that could motivate people to work to their optimal level and when these variables are not there, their productivity will be greatly affected.  This may come in the form of a well packaged remuneration.  Still others may not necessarily be motivated with well packed incentive scheme.  The group believe that money is not everything.  People work for either intrinsic or extrinsic rewards.  Extrinsic rewards include the figure pay proportion, controlled by other people. Intrinsic reward on the other hand include the feelings of accomplishment of task and is administered by the individual doing the task.