EFFECT OF MOTIVATION ON EMPLOYEES’ PRODUCTIVITY (A STUDY OF FIRST BANK PLC, IBADAN)

Most organizations are living under the weight of stringent economic and political measures accompanied by unfulfillment or inability to honor agreement reached between them and their employees. The main objective of this study is to examine whether motivation leads to higher organizational performance, to investigate whether First Bank Plc use motivational factors to enhance performance, also to assess the factors that tends to motivate staff to enhance performance, and to determine whether staff of First Bank Plc are satisfied with their motivational packages. Simple random sample techniques were used for the study. The sample of 49 respondents was selected from population of the study, In order to identify and measure motivation and productivity from Nigeria banking industry, a quantitative approach was used in a descriptive survey design. Primary data was sourced through the aid of questionnaire. Descriptive statistics and regression analysis were used to analyze the information collected from respondents through SPSS. Findings revealed that there is a significant relationship between motivation and organizational performance, it was also discovered that for any bank to be successful in its operational service, it must have adequate motivational factors in other to enhance productivity as motivational factors have significant effect on productivity, in addition, the findings also showed that motivation has significant effect on productivity level. It was conclude that improvement in motivation of employee has positively enhanced productivity in an industry, and it has been found in this study that there is significant relationship between motivation and productivity in the banking industry. The study recommends that organization should motivate their employee so as for them to be able to perform better at work, by motivating employee, productivity at high level will be able to achieve, adequate motivational factors must be put into place in other to enhance productivity as motivational factors have significant effect on productivity.