AN APPRAISAL OF THE EFFECT OF NON-FINANCIAL INCENTIVES ON EMPLOYEES PERFORMANCE IN THE NIGERIAN PUBLIC SECTOR: A CASE STUDY OF PETROLEUM EQUALIZATION FUND

ABSTRACT This work is an appraisal of the impact of non-financial incentives on employees’ performance in Petroleum Equalization Funds. The purpose of this work is to know the impact of the non-financial rewards on employee’s performance. It follows an empirical study and quantitative approach. For non-financial rewards, there are five independent variables taken for this study; appreciation, recognition, career opportunity, promotion, and working environment and their impact on the employee’s performance. For effective collection of primary data from the target respondents, a Likert scaled questionnaire used, and 127 employees are taken. Simple percentage was used to evaluate all of the data in order to find and measure data among the dependent and independent variables. All the data presented using tables. All non-financial incentive variables found to have a significant impact in the analysis. HR managers in the Petroleum Equalization Funds may find this study useful. The paper offers a basis for understanding organizational motivation for effective performance problems. It is a valuable contribution to the field of HR management expertise, as it examines the factors that influence employee performance and offers solutions to challenges that workers face at work.