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Financial Incentive a Motivation Tool for Enhancing Employee Performance in a Recessed Economy: A Case Study of Selected Hotels in Awka Metropolis

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Volume-6 | Issue-5

Last date : 27-Aug-2022

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Financial Incentive a Motivation Tool for Enhancing Employee Performance in a Recessed Economy: A Case Study of Selected Hotels in Awka Metropolis


Osifoh Ozoya Austine | Musah Ishaq



Osifoh Ozoya Austine | Musah Ishaq "Financial Incentive a Motivation Tool for Enhancing Employee Performance in a Recessed Economy: A Case Study of Selected Hotels in Awka Metropolis" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-5, August 2022, pp.1-10, URL: https://www.ijtsrd.com/papers/ijtsrd50418.pdf

The purpose of this study is to determine the relationship between financial incentives as a motivational tool and employees’ performance in a recessed economy a case study of selected Hotels in Awka metropolis in Anambra State. The populations of the study were 51 workers, as for the respondents of the sample, they were 45 employees selected from 3 hotels in UNIZIK junction temporary site in Awka metropolis were sampled (15 from each hotel) who received 45 questionnaires, 41 questionnaires were returned, which forms 93% of the sample. Convenience sampling was used as a sampling design and questionnaire in Likert form was used to gather data from the participants; descriptive statistics (frequency, percentage and mean, etc) was used to analysis findings. The Pearson Product Moment Correlation Coefficient was used to test the hypotheses that guided the study. The results show significant association between financial incentives and employee performance which collaborates with the expectancy theory of Vroom (1964: 134). The study reveals financial incentives such as commission on sales given to workers in an organisation has a significant influence on the workers commitment. The researcher recommended that financial incentives should be given according to the level of performance in order to persuade the employees into doing their best as to improve their performance in order to persuade the employees into doing their best as to improve their performance; by doing so, incentives will be associated with improving the performance and vice-verse, without having any vested interests. Finally, this study has verified further research opportunities that could enrich the understanding of incentives and employee performance in Hotel firms.

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IJTSRD50418
Volume-6 | Issue-5, August 2022
1-10
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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