THE IMPACT OF FINANCIAL INCENTIVES ON EMPLOYEE PRODUCTIVITY IN PUBLIC SECTOR
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ABSTRACT
This study was carried out to examine the impact of financial incentives on employee productivity in public sector using Kwara State Ministry of Works as case study. Specifically, the study was aimed at identifying the cause of low productivity; and examine financial factors and evaluate how they can lead to job satisfaction and increase productivity. The study employed the survey descriptive research design. A total of 100 responses were validated from the survey. From the responses obtained and analysed, the findings revealed that Employee financial incentives lead to increase productivity; Job security enhances employees productivity; There a significant relationship between the means of job security and policy formulation; There is a relationship between job rank position and job satisfaction. The study recommend Management of organizations and institutions should prioritise employee motivation in order to continue in earning commitment and loyalty from the staffs of organizations. Policy makers should review employee motivation packages and develop frameworks that will highlight employee motivation packages and timing. These suggestions will go a mile in ensuring that organizational employee renders valuable services to the public and increase productivity.
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