THE IMPACT OF NON-MONETARY REWARD ON EMPLOYEES PERFORMANCE ON THE BANKING INDUSTRY IN NIGERIA

The aim of this study is to examine the impact of non-monetary reward on employees’ performance on the banking industry in Nigeria using First Bank of Nigeria Plc. Bida branch as a study. The objective of this study is to identify the channel through which monetary policy influences the performance and profitability of first bank of Nigeria Plc. industries, Bida, Niger State. Methodology adopted in this research was primary and secondary sources. Tools used for research is chi-square to analyze the research hypothesis. It was presented on a tabular form and analyzed in percentages. It is concluded that employees’ not receiving non-monetary rewards that has positive impact on employees in the banking industry of First Bank of Nigeria, Plc. Bida branch have low positive attitude in the workplace towards their job and performance than those who receive. Banking industry has an increasingly competitive environment, so by revising their non-monetary reward policies that has positive influence on employee attitude and performance; they can help retain their employees. It was recommended that there should be effective and sustainable monetary policy capable of ensuring growth and development in the banking sectors should be adopted; and management of First Bank of Nigeria Plc. Bida branch should adopt a clearly laid out promotion scheme for the employees in the industry. Since promotion was ranked first among the non-monetary incentives, proper policies should be implemented to enable fair promotions to uplift the employee motivations.