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Effect of workers monetary and non-monetary compensation on employees performance - a study of Federal Medical Centre, Bida

 Department: Business Administration and Management  
 By: usericon Expresshubpub  

 Project ID: 2809
   Rating:  (3.3) votes: 6
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   Price:₦3000
Abstract
Monetary compensation and non-monetary compensation is important to the staff of Federal Medical Centre Bida because it encourages the motivation of staff in performing daily duties and this result in the achievement of organizational objectives. The main objective of this research work is to determine the effect of monetary and non-monetary compensation on employee’s performance in Federal Medical Centre Bida. This end, a descriptive method of data analysis was employed for this study, which necessitates the use of questionnaire as a research instrument designed to spot information from the respondents under the primary source of data. The questionnaire returned (105 questionnaires) by the staff of the Federal Medical Centre Bida was critically analyzed using table and percentage methods. The Hypothesis formulated for this study was tested using statistical package for social science (SPSS) to run a descriptive analysis for this study and conclusion were arrived at. The major findings from this research work reveal that staff in the Federal Medical Centre, Bida branch are highly satisfied with the organization incentives. From the conclusion, it has been found that there is a significant relationship between monetary compensation and non-compensation strategies with employee performance. The major recommendation of this research work is that Management of Federal Medical Centre should continue to provide security and benefits to all staff of Federal Medical Centre (Bida) irrespective of their position as it will positively influence employee productivity and raise overall performance in the manufacturing sector. ...
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