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The Effect Of Financial And Non-financial Incentives On Staff Productivity
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1.3 Objectives of the Study
The central objectives of this study
are to examine the effect of financial and non financial incentive on
staff productivity in NIPOST Kaduna.
Specifically the study is set out to:
Identify whether NIPOST remuneration is based on incentive schemes that motivate staff to perform.
Examine all financial incentives NIPOST give to it staff and their effect on worker productivity.
Identify non financial incentives used in boosting staff productivity in NIPOST Kaduna.
Find out the constraints militating against NIPOST incentive scheme and make recommendations to the identified problems.
1.4 Significance of the Study
This
study brings to light the effect of financial and non financial
incentives on staff performance in organization. The study will
therefore be beneficial to the organization understudy (NIPOST)in area
of policy formulations as regard staff incentive schemes and
remuneration.
To education, the study will contribute to already
existing knowledge on the effect of financial and non financial
incentives on workers’ performance.
Finally, to those in academics and human resource researches, the study will serve as a springboard for further investigations.
1.5 Research Questions
This study provide answers to the following research questions:
Is NIPOST remuneration based on incentive scheme that motivate staff performance?
What kind of financial incentive do NIPOST give to its workers and what are their effect on workers productivity?
What kind of non financial incentive do NIPOST use to boost workers productivity?
What are the constraints militating against NIPOST incentive scheme and how can these constraintsbe overcome?
1.6 Scope of the study
The
study covers an empirical investigation of the effect of financial and
non financial incentives on staff productivity in NIPOST Kaduna. The
time frame for this investigation covers NIPOST incentive schemes from
2006-2011.
1.7 Limitation of the Study
The study is limited to
bias in respondent opinion about the subject matter as well as the use
of a single study area and the uncertainly about the generalization of
finding sequel to the use of a single research design as well as
instrument.
For the fact that only NIPOST was used as the sole area
of study it is no certain if the same result would be obtained in other
organization.
Respondent bias and non challant attitude also constitute a greater limitation to this research.
For
the fact that questionnaire constitute the only instrument use to
collect data and survey research design the sole design used for the
study. It is not certain if the same result will be used if other type
of design as well as instrument were used. All these factor constitute a
greater limitation to the research.
1.8 Definition of Term
Financial Incentives: Monetary reward or compensation use to motivate workers.
Non Financial Incentives: Other incentives apart from monetary rewards.
Performance Incentive: Rewards that motivates worker to put in more efforts.
Productivity: The rate at which employee work and their yield in their organization.
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