Get the complete project »
- The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
1.1 Background of the study
All organizations are concerned with what should be done to achieve high level of productivity through staff motivation using the right kind of incentive. Consequently the effect of financial and non financial incentive becomes a burning issue in human resource management.
As such a lot of theoretical concept, principles and techniques of management have evolved in response to these challenges/ but most scholars suggest that more conceptual and empirical work is required to show the link between financial and non financial incentive and staff productivity is still vague but some studies have documented in their work that financial incentive is readily perceived as having a high instrumental value that makes putting forth extra effort worthwhile and its has a long term effect in terms of labour turnover rate because of comparative value for alternative employment while non financial incentive has less initial impact as the pragmatics of financial gain, they seem to have a steady, sustainable impact.
Despite the growing body of literature and empirical study on the effect of financial and non financial incentive on workers productivity, the subject matter still remains complex. Hence, the need to undertake a survey on the effect of financial and non financial incentives on staff productivity in Nigeria Postal Services Kaduna.
1.2 Statement of problem
Nigeria Postal Services (NIPOST) like other public enterprise is constraint with the problem of using non performance based element like salaries to compensate it staff as against performance-related pay structure which has hamper productivity because it does not make worker put in extra effort in their work. This is so because their compensation is not based on incentive schemes that elicit additional effort of workers sequel to unfriendly government legislation on wages clause and bureaucratic inefficiency. Hence the need to examine the effect of financial and non financial incentive on staff productivity in Nigeria Postal Services Kaduna.
1.3 Objectives of the Study
The central objectives of this study are to examine the effect of financial and non financial incentive on staff productivity in NIPOST Kaduna.
Specifically the study is set out to:
i. Identify whether NIPOST remuneration is based on incentive schemes that motivate staff to perform.
ii. Examine all financial incentives NIPOST give to it staff and their effect on worker productivity.
iii. Identify non financial incentives used in boosting staff productivity in NIPOST Kaduna.
iv. Find out the constraints militating against NIPOST incentive scheme and make recommendations to the identified problems.
1.4 Significance of the Study
This study brings to light the effect of financial and non financial incentives on staff performance in organization. The study will therefore be beneficial to the organization understudy (NIPOST) in area of policy formulations as regard staff incentive schemes and remuneration.
To education, the study will contribute to already existing knowledge on the effect of financial and non financial incentives on workers’ performance.
Finally, to those in academics and human resource researches, the study will serve as a springboard for further investigations.
1.5 Research Questions
This study provide answers to the following research questions:
i. Is NIPOST remuneration based on incentive scheme that motivate staff performance?
ii. What kind of financial incentive do NIPOST give to its workers and what are their effect on workers productivity?
iii. What kind of non financial incentive do NIPOST use to boost workers productivity?
iv. What are the constraints militating against NIPOST incentive scheme and how can these constraints be overcome?
1.6 Scope of the study
The study covers an empirical investigation of the effect of financial and non financial incentives on staff productivity in NIPOST Kaduna. The time frame for this investigation covers NIPOST incentive schemes from 2006-2011.
1.7 Limitation of the Study
The study is limited to bias in respondent opinion about the subject matter as well as the use of a single study area and the uncertainly about the generalization of finding sequel to the use of a single research design as well as instrument.
For the fact that only NIPOST was used as the sole area of study it is no certain if the same result would be obtained in other organization.
Respondent bias and non challant attitude also constitute a greater limitation to this research.
For the fact that questionnaire constitute the only instrument use to collect data and survey research design the sole design used for the study. It is not certain if the same result will be used if other type of design as well as instrument were used. All these factor constitute a greater limitation to the research.
1.8 Definition of Term
Financial Incentives: Monetary reward or compensation use to motivate workers.
Non Financial Incentives: Other incentives apart from monetary rewards.
Performance Incentive: Rewards that motivates worker to put in more efforts.
Productivity: The rate at which employee work and their yield in their organization.
You either get what you want or your money back. T&C Apply
Share a Comment
You can find more project topics easily, just search
SIMILAR BUSINESS ADMINISTRATION FINAL YEAR PROJECT RESEARCH TOPICS
» CHAPTER ONE INTRODUCTION Background of the study The desire of every management of most organizations is to maximize profits and shareholders’ w...Continue Reading »
62 pages | 355 hits | Source: BUSINESS ADMINISTRATION
2. PERFORMANCE MANAGEMENT AND EMPLOYEE PRODUCTIVITY OF SELECTED MANUFACTURING COMPANIES IN LAGOS STATE, NIGERIA» CHAPTER ONE INTRODUCTION 1.1 Background to the Study In the turbulent business environment, with changes in customer demands the main aim of every man...Continue Reading »
118 pages | 172 hits | Source: BUSINESS ADMINISTRATION
3. THE EFFECT OF APPRENTICESHIP TRAINING ON THE PERFORMANCE OF ARTISANS (A CASE STUDY OF TAILORS IN MAKURDI METROPOLIS)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The contribution of apprenticeship to jobs and skills has long been appreciated by countries eage...Continue Reading »
52 pages | 166 hits | Source: BUSINESS ADMINISTRATION
» ABSTRACT The major purpose of this study was to identify ICT competencies required by office managers in a financial institution. The population of th...Continue Reading »
52 pages | 334 hits | Source: BUSINESS ADMINISTRATION
5. CHALLENGES FACING THE ADOPTION AND IMPLEMENTATION OF THE IFRS AMONGST SMALL SCALE ENTERPRISE OWNERS IN KADUNA» CHAPTER ONE INTRODUCTION 1.1 Background of the Study Small and medium scale enterprises are the engine that drives most economies of the world. Their ...Continue Reading »
52 pages | 395 hits | Source: BUSINESS ADMINISTRATION
6. ENTREPRENEURIAL STRATEGIES AND THE DEVELOPMENT OF SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) IN OGUN STATE, NIGERIA» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Small and medium enterprises (SMEs) have increasingly become a powerful engine for economic growt...Continue Reading »
140 pages | 283 hits | Source: BUSINESS ADMINISTRATION
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Human resource is the livewire of any organization. Its effective management is therefore very cr...Continue Reading »
89 pages | 328 hits | Source: BUSINESS ADMINISTRATION
» CHAPTER ONE 1.0 Background of the Study Any country that will be on her feet of survival must have a productive workforce. The workforce in manufactur...Continue Reading »
52 pages | 177 hits | Source: BUSINESS ADMINISTRATION
9. THE ROLE OF SMALL SCALE BUSINESS ENTERPRISES TO THE ECONOMICS DEVELOPMENT (A CASE STUDY OF SOKOTO SOUTH LOCAL GOVERNMENT)» ABSTRACT In this research work, the researcher intended to have a general discussion with local government as my background. But lack of space may not...Continue Reading »
52 pages | 304 hits | Source: BUSINESS ADMINISTRATION
» CHAPTER ONE INTRODUCTION 1.1 Background to the study Performance of a corporation whether profit or non profit making is of great importance as it ser...Continue Reading »
82 pages | 42 hits | Source: BUSINESS ADMINISTRATION