THE EFFECTS OF NON-MONETARY INCENTIVES ON EMPLOYEE PERFORMANCE IN THE NIGERIAN MANUFACTURING SECTOR
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- NGN 3000
ABSTRACT
The study examines the effects of non-monetary incentives on employee performance in the Nigerian manufacturing sector.
The research design adopted for the study was survey research design which is primary data. The total population of staff in Nigerian Breweries, Lagos State, Nigeria is 4,876 employees, The purposive sampling was used to select 130 employees of Nigerian Breweries, Lagos State, Nigeria. The descriptive statistics were used to analyze the responses from the questionnaire which involves descriptive analysis such as frequencies, percentages, mean and standard deviation. The Statistical Package for Social Scientists (SPSS) was used to test the formulated hypothesis, Chi-Square analysis.
The findings are; There is significant effect of recognition on the productivity of employees in the Nigerian manufacturing sector is accepted. There is significant effect of training and career development on the productivity of employees in the Nigerian manufacturing sector. There is significant effect of job promotion on the profitability of employees in the Nigerian manufacturing sector. There is significant effect of fringe benefits on the profitability of employees in the Nigerian manufacturing sector.
This study concludes that non-monetary incentives has a significant effect and is a predictor of employee performance in the Nigerian manufacturing sector. The following recommendations are made based on the findings of the study: Managers must ensure employees are adequately motivated. Employee training and development should be given due consideration and training programs should be organized to cater for the needs and welfare of employees; Management should encourage interpersonal relations amongst co-workers and their managers to promote a sense of belonging and unity amongst staff. Also managers should ensure employees are involved in decision making processes and given a chance to air their views; Also management must ensure they create a work environment that is conducive for workers with adequate working conditions as well as providing the right tools and resources to ensure worker effectiveness in discharging their respective duties; Management must also strive to ensure that all employees engage in training programs to acquire new skills and also have equal opportunity to utilize their skills and competencies. Management should make sure that career development opportunities are clearly communicated to employees.
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