IMPACT OF FINANCIAL AND NON FINANCIAL INCENTIVES ON EMPLOYEE PRODUCTIVITY (A CASE STUDY OF GONGONI NIGERIA LIMITED)
Abstract
This research work titled the impact of financial and non financial incentives on employee
productivity in Gongoni Nigeria Limited. The specific objectives are to determine impact of
Salary on Employee productivity in Gongoni Nigeria Limited, to find out the impact of bonuses
on Employee productivity in Gongoni Nigeria Limited, to examine the impact of recognition on
Employee productivity in Gongoni Nigeria Limited and to ascertain the impact of promotion on
Employee productivity in Gongoni Nigeria Limited. The study used descriptive research design.
The target population and the sample of this consists of 75 Staffs. The regression analysis was
used as the method of data analysis to analyzed the hypotheses under study, using SPSS Soft
Ware varsion 22.0.Financial and Non-financial incentives are fundamental to the performance
of the employees and organization. Findings of the study indicate that salaries, Bonus,
promotions and recognition has the highest significant effect on employees’ productivity of
Gongoni Nigeria Limited, Kano. It is concluded that financial and non-financial incentives have
significant relationship on employees’ productivity of Gongoni Nigeria Limited, Kano state,
Nigeria. Based on the objective of the study, findings and conclusion of the study, the following
recommendations were offered: this would reinforce the organization’s expectations and goals
since recognition and appreciation are integral components of winning reward strategy, The
study also recommended that management should respond quickly and favorably to employees
on the issue of salary which enable them to feel more competence in the organization and
Adjustment in salaries, allowances, bonuses, leave benefits and affordable housing scheme
should be encouraged.
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