Non-Monetary Motivation Strategies and Growth of Selected Deposit Money Banks in Ogun State, Nigeria
Authors:
AKINLABI Babatunde
Publication Type: Journal article
Journal: Research On Humanities And Social Sciences
ISSN Number:
0
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Abstract
The challenge facing managers in the banking sector is how to get employees committed to their work and put in
their best towards the accomplishment of banks’ goals and objectives. There was gradual and consistent decline
in the performance of banks due to low level of motivation within and outside the banking organizations. It is
therefore imperative for managers in the banking sector to design and implement strategies and policies that will
adequately address issues relating to employees’ welfare so that it will help in achieving industrial peace which
is a panacea to organizational growth. The general objective of this study was to establish the effect of non-
monetary motivational strategies on the growth of selected deposit money banks in Ogun State, Nigeria. The
study adopted cross-sectional survey and target population was 800 staff of the selected commercial banks in
Ogun State and sample of 481 employees was used in this study. A stratified sampling technique method was
used and data was collected through the use of questionnaire. A pilot study was conducted to pretest the validity
and reliability of instruments for data collection. The data was analyzed by use of quantitative method with the
help of Statistical Package for Social Sciences (SPSS) version 21.0. The study established that work
environment, leadership style, training and career advancement have positive and significant effect on the
growth of selected deposit money banks in Ogun State, Nigeria. The regression analysis showed that work
environment plays the most significant role on the growth of selected deposit money banks in Ogun State at 5%
level of significance. Based on these findings, the study recommended that management of selected deposit
money banks in Ogun State should plan very well when considering motivational strategies aimed at increasing
overall productivity of the workers so as to achieve growth.