EFFECT OF EMPLOYEE MOTIVATION ON FINANCIAL PERFORMANCE IN THE BANKING SECTOR
Abstract
This study investigates the impact of employee motivation on the financial performance of
banks. It explores the influence of both intrinsic motivators, such as job satisfaction and
autonomy, and extrinsic factors, such as financial incentives and recognition, on employee
productivity and organizational financial success. The study emphasizes the significance of
motivation in driving financial outcomes in the banking sector.
The study was carried out among 3 prominent banks in Ogbomoso, Oyo State Nigeria. A
quantitative approach was employed, utilizing structured questionnaires to collect data from
30 bank employees. The responses were analyzed using descriptive statistics, regression
analysis, and hypothesis testing to assess the relationships between employee motivation and
financial performance.
The results revealed that both intrinsic and extrinsic motivation significantly influence
financial performance. The regression analysis showed that 18.6% of the variance in financial
performance is explained by extrinsic motivation, while intrinsic motivation accounted for
23.8%. These findings support the rejection of the null hypotheses and affirm the positive
impact of employee motivation on financial outcomes.
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