MOTIVATIONAL INCENTIVES AND THE PERFORMANCE OF ELECTRICITY SERVICES IN SOUTH EAST, NIGERIA
Keywords:
Motivational, Incentives, Performance, Electricity, ServicesAbstract
The study evaluated the Motivational Incentives and the Performance of Electricity Services in South East, Nigeria. The Specific Objectives: Identify the relationship between profit sharing and efficiency; and determine the linkage between payment of bonuses and raises on volume of energy sold of Electricity Services in South East, Nigeria. The study used the descriptive survey design approach. The primary source of data was the administration of questionnaire. A total population of 2092 staff was used. The adequate sample size of 325, using Freund and William's statistic formula at 5 percent margin of error was used. 297 staff returned the questionnaire and accurately filled. Data was presented and analyzed using Likert Scale and the hypotheses using Pearson correlation coefficient (r). The findings include that there was positive significant relationship between profit sharing and efficiency (r= 611 < .791, p<.05). There was positive significant linkage between payment of bonuses and raises on volume of energy sold of Electricity Services in South East, Nigeria as (r= .530 < .739, p<.05). The study concluded that engaged employees and payment of bonuses had positive significant relationship with profitability and volume of energy sold of electricity services in South East, Nigeria. The study recommended among others that Efficiency in the organization is available due to expertise and as such organizations that want to maximize their organizational efficiency should use the training and development method of motivation as it will help to develop the employees both in knowledge and in ability
Published
How to Cite
Issue
Section
Copyright (c) 2023 SADI International Journal of Management and Accounting (SIJMA)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
References
Anser M.K., Yousaf Z., Majid A., & Yasir M. (2020) Does corporate social responsibility commitment and participation predict environmental and social performance? Corp Soc Responsible Environ Manag. 27:2578–87. 10.1002/csr.1977
Asare E. D. (2019) Exploring Job Satisfaction among Nurses in a Hospital within the Volta Region in Ghana.
Banton C., Boyle M.J., and Schmitt K.R., (2022) Efficiency: what it means in Economics, the formula to measure it. https://www.investopedia.com/terms/e/efficiency.asp
Britannica, T. E., (2022). profit sharing. Encyclopedia Britannica. https://www.britannica.com/topic/profit-sharing
Byju's, C., (2023) Define Motivation. https://byjus.com/question-answer/define-motivation-1/
Ede,T.E & Mbah,P.C.(2020) Evaluation of the relationship between organizational Compensation and employee output in five selected manufacturing firms in South East, Nigria. Saudi journal of Humanities and social Sciences 8(5),2347-9493
Eleje J. N. (2022) Effect of Reward System on Productivity and Efficiency of Employees of University of Nigeria Teaching Hospital (UNTH), Enugu State, South-east Nigeria. Journal of Banking, Economics and Social Sciences, 7(1): 2579-082X.
Forson J.A., Ofosu-Dwamena E., Opoku R.A., & Adjavon S.E., (2021) Employee motivation and job performance: a study of basic school teachers in Ghana. Future Business Journal 7 (30)
Harper, D., (2007) "Energy". Online Etymology Dictionary. Archived from the original on October 11, 2007. Retrieved May 16, 2023.
Heathfield S.M., (2020) What is Bonus pay? https://www.thebalancemoney.com/what-is-bonus-pay-1918069
Herrit J., (2023) Most common types of bonuses and how they work
Hugh B., Robin L., & Dominic S., (2022) The powerful role financial incenitves can play in a transformation. https://www.mckinsey.com/capabilities/transformation/our-insights/the-powerful-role-financial-incentives-can-play-in-a-transformation
Idigo, P. I. (2023) Incentives and Performance of Workers in Tertiary Institutions in Anambra and Enugu State, Nigeria. International Journal of Innovative Social Sciences & Humanities Research 11(1): 2354-2926.
Jenkins A., (2022) What is Business Efficiency & how can you improve it? https://www.netsuite.com/portal/resource/articles/financial-management/business-efficiency.shtml
JMG I.C., (2020) How does profit sharing work?https://jmg.com/what-is-profit-sharing-and-how-does-it-work/
Law I., (n.d) Electric service definition. https://www.lawinsider.com/dictionary/electric-service
Mbah, P. C., Ekechukwu, C., & Chukwudi, G. F., (2018). Effectiveness of staff motivation strategies in manufacturing companies in Enugu state. International Journal of Business Economics and Management Research, 9(6), 1-2.
Miles M., (2022) organizational performance:4 ways to unlock employee potential. https://www.betterup.com/blog/organizational-performance
Moore C., (2021) How To Use Motivational Incentives: 13 Examples. https://quenza.com/blog/motivational-incentives/
Obiozor R. N. and Obiora N. (2021) Influence of Cataloguers’ Motivation on their Job Performances in Public University Libraries in South East Nigeria. International Journal of Library and Information Studies, 11(1): 2231-4911.
Olamilekan P. D. (2021) The Relevance of Financial Incentives on Employee Motivation in Nigeria. The International Journal of Business & Management, 9(6): 2321–8916.
Orji M. G., and Enobun-Nwidi P. E. (2022) Mediating Role of Job Satisfaction on the Relationship between Managerial Incentives and Academic Staff Performance of Selected Federal Colleges of Education in Northern Nigeria. BirLE- Journal Budapest International Research and Critics in Linguistics and Education 5(4): 2655-2647.
Quora I., (2023) What is electrical service? https://www.quora.com/What-is-electrical-service
Rajesh E., Pratima S., Ramesh K., Shobha D., and Nidhi S. (2022) Enhancing Employee Performance Through Monetary Incentives - A Thematic Analysis. Journal of Positive School Psychology, 6(5): 7911-7921.
Shahzad, K., Khan S. A., Iqbal, A. and Shabbir, O. (2023) Effects of Motivational and Behavioral Factors on Job Productivity: An Empirical Investigation from Academic Librarians in Pakistan. Behav. Sci., 13(41): https://doi.org/10.3390/bs13010041.
Timeless T., (2023) Motivation and Performance. https://timelesstime.co.uk/services/motivation-and-performance/
Upathissa S. (2022) An Empirical Study of the Factors Effecting Motivation and their Effectiveness on Employee Performance. Management and Human Resource Research Journal, 11(4): 4244 – 490X.
Uzochukwu A. C., Nwankwo E. C. and Okafor S. O. (2023) Effect of reward system on employee’s productivity in Nigeria hospitality industry. World Journal of Advanced Research and Reviews, 17(01): 2581-9615.
Wong K., (2020) 10 Employee Incentive Program to engage your team.https://www.achievers.com/blog/employee-incentive-programs/
Zakkia U., and Asim M. (2021) Impact of Non-Financial Rewards on Employees Motivation in Banking Sector of Peshawar, Pakistan. Journal of Contemporary Issues in Business and Government, 27(5): 1323-6903