ABSTRACT
This research work investigated the Organizational Reward System and Its Effect on Staff
Productivity: A Study of Selected Deposit Money Banks. The study was necessitated by the
importance of reward system in enhancing employee performance. The work aimed at
determining the effect of reward system on employee productivity. The study made use of
secondary data in its analysis. Three explanatory variables (salaries and wages, pension
contribution and other staff benefits /allowances) were specified and were used to establish a
relationship with the dependent variable (profit before tax) using multiple regression tool. The
study found that salaries and wages, pension and other allowances have direct relationship with
profit before tax however only the relationship between salaries and wages and profit before tax
is not significant. Based on the above finding the study made some recommendations which
include: the organization should get to know their employees well so that they can employ the
right motivational strategy; Organizations should therefore increase their pension contribution as
well as increase the caliber of staff that benefits from it as this will motivate employees and
improve productivity.
KEYWORDS
Organization: A social unit of people that is structured and managed to meet a need or to pursue
collective goals.
Reward: A thing given in recognition of service, effort or achievement.
Productivity: Is an assessment of the efficiency of a worker or group of workers.
IFEYINWA, N (2021). Organizational Reward System And Its Effect On Staff Productivity: A Study Of Selected Deposit Money Banks.. Afribary. Retrieved from https://afribary.com/works/organizational-reward-system-and-its-effect-on-staff-productivity-a-study-of-selected-deposit-money-banks
IFEYINWA, NWOSU "Organizational Reward System And Its Effect On Staff Productivity: A Study Of Selected Deposit Money Banks." Afribary. Afribary, 09 Apr. 2021, https://afribary.com/works/organizational-reward-system-and-its-effect-on-staff-productivity-a-study-of-selected-deposit-money-banks. Accessed 27 Nov. 2024.
IFEYINWA, NWOSU . "Organizational Reward System And Its Effect On Staff Productivity: A Study Of Selected Deposit Money Banks.". Afribary, Afribary, 09 Apr. 2021. Web. 27 Nov. 2024. < https://afribary.com/works/organizational-reward-system-and-its-effect-on-staff-productivity-a-study-of-selected-deposit-money-banks >.
IFEYINWA, NWOSU . "Organizational Reward System And Its Effect On Staff Productivity: A Study Of Selected Deposit Money Banks." Afribary (2021). Accessed November 27, 2024. https://afribary.com/works/organizational-reward-system-and-its-effect-on-staff-productivity-a-study-of-selected-deposit-money-banks