MOTIVATION AND EMPLOYEES’ PERFORMANCE IN THE NIGERIAN BANKING INDUSTRY A SURVEY OF SELECTED BANKS
Authors:
Oguntodu James .A
Publication Type: Journal article
Journal: International Journal Of Economics, Commerce And Management
ISSN Number:
0
Downloads
7
Views
Abstract
Abstract
For effective and efficient utilization of resources and improved job performance, employees need to be motivated. Purpose of this study was to investigate the place of motivation on employees’ performance in the Nigerian Banking Industry. The study was conducted in the area of Lagos Island, Nigeria and population consisted of 5 selected banks in that location. 80 questionnaires were distributed to the employees of selected banks, of which 67 were returned. The study used descriptive statistics such as mean and standard deviation to answer the first 2 research questions posed in the study. The Simple Linear Regression was used to test the effect between employee motivation and performance, which was research question three (3). Based on the finding, the study revealed that employees are “often” motivated with an average mean of 3.938 and an average standard deviation of 0.93383. Also, it was revealed that the status of performance of the firms involved is excellent with an average mean of 4.12 and standard deviation of 0.85553. The main finding of the study clearly evidenced that motivation has an effect on employees’ performance. The study recommends that banks should consider the use of incentives and other motivational strategies for better performance. On the bases of these findings, employers are continually challenged to develop pay policies and procedures that will enable them to attract, motivate, retain and satisfy their employees.