THE EFFECTS OF MONETARY INCENTIVE ON WORKERS PERFORMANCE IN NIGERIA ORGANIZATION (A CASE STUDY OF FIRST BANK PLC, ENUGU)

ABSTRACT In all organization, productivity is beckoned on the design of the incentive variation given to workers and management.  There are different types of incentives that could motivate people to work to their optimal level and when these incentives are not there, their productivity will greatly be affected. Therefore, the researcher from his findings made this recommendation that monetary incentives should adopted other than other types of incentives for effective performance in an organization. The researcher investigated the following research problems by trying to find out the factors that encourage effective behaviour among employees, investigated the effectiveness adequacy and relevant of effective scheme in overall performance of the individual workers and so on. In generating data needed for the study, descriptive survey research design was adopted, questionnaire was used as the major instrument for primary data collection.  To widen the researchers depth of knowledge in the study area, the research embarked upon review of related literature with data drawn from secondary sources.  It was realized at the end of the research work that most organizations cannot get the best out of their workers or attain their organizational goals and objectives because of absent of monetary incentives, workers are not allowed to join in deciding affairs that concerns them.  The study concluded that monetary incentives make the workers satisfied with treatment given to them by the organization in order to achieve its goals, targets and objectives in a very short time. 

TABLE OF CONTENT Title pageii Approval pageiii Dedicationiv Acknowledgementv Abstractvi Table of Contentvii
CHAPTER ONE: INTRODUCTION Background of the study1 Statement of the problem6 Objectives of the study7 Research Questions 8 Research Hypothesis 9 Significance of the study 9 Scope of the Study 10 Significance of the study12 Limitations of the Study13 Definition of Terms 14
CHAPTER TWO: REVIEW OF RELATED LITERATURE Overview of Monetary Incentives               13 Concept of Incentive Scheme               17 Employees Response to Employers Incentives              18 Motivation and Employee Performance       24 Evidence Regarding the Effects of Monetary Incentives on Effort and Performance              29
CHAPTER THREE: RESEARCH DESIGN AND METHOD Research Design 34 Area of the study35 Population of the study 36 Sample size and Sample Techniques37 Instrument for Data Collection 38 Validity of Instrument 38 Reliability of Instrument 38 Method of Data Collection39 Method of Data Analysis 39
CHAPTER FOUR:  PRESENTATION AND ANALYSIS OF DATA Presentation and Analysis of Results 40 Test of Hypothesis 46
CHAPTER FIVE:  FINDINGS, CONCLUSION AND RECOMMENDATIONS.  Findings51 Conclusion 52 Recommendations                      53 Implication for Research Finding55 Suggestion for Research Finding55 References Appendix