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Effects of reward system on employees performance in an organization (a study of Guaranty Trust Bank plc)

 Department: Business Administration and Management  
 By: usericon AdeleyeJoshua  

 Project ID: 6302
   Rating:  (5.0) votes: 1
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The study focus on the effects of reward system on employee performance in an organization using Guaranty Trust Bank Plc as the case study.  The objective of the study is to examine whether reward system has a positive impact on organizational productivity and to investigate if reward system can be used to maintain organizational staff.  The researcher used survey method of research design, primary and secondary data were used which includes the use of questionnaires for data collection. The population of the study comprises the management and staff of the organization under study which is 700 and the sample size of 255 was determined using Tairo Yamani’s formula. And chi-square method was used to test the statement of hypothesis earlier formulated. On this note, the findings revealed that reward system has a positive impact on organizational productivity and that rewards system can be used to maintain organizational staff. To this end, it was recommended that the management should Keep on giving incentives in the appropriate time and not delay them in order not to lessen the goal of the incentives. Supporting the concrete incentives in the primary bonus commission due to the role that such incentives play in finding many solutions to some social and financial problems that may face the employees. ...
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