EFFECT OF INCENTIVE AS A MOTIVATIONAL TOOL ON ORGANIZATIONAL PERFORMANCE IN NIGERIA MANUFACTURING COMPANIES
Abstract
ABSTRACT
This study investigates the effect of incentive as a motivational tool on organizational performance
in Nigerian manufacturing companies. The research specifically examines the impact of monetary
incentives, non-monetary incentives, and career development opportunities on employee
motivation and performance. A correlational research design was adopted, and data were
collected through structured questionnaires administered to 110 respondents across selected
manufacturing firms. Descriptive statistics such as mean and percentage were used to analyze the
data, while the results were interpreted in line with the research questions. The findings revealed
that both monetary and non-monetary incentives significantly enhance employee productivity,
reduce turnover, and contribute positively to overall organizational performance. Furthermore,
career development initiatives such as training, promotion opportunities, and mentorship
programs were found to play a vital role in employee engagement and long-term commitment. The
study concludes that a comprehensive incentive system is essential for driving motivation and
improving performance in the manufacturing sector. Based on the findings, it is recommended that
organizations adopt a balanced incentive strategy that includes financial rewards, recognition
programs, and career advancement opportunities.
Keywords: Incentive, Motivation, Organizational Performance, Monetary Reward, Career
Development, Nigerian Manufacturing Companies
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