WAGES AND SALARIES AS A MOTIVATIONAL TOOL FOR ENHANCING ORGANIZATIONAL PRODUCTIVITY (A STUDY OF FIRST BANK PLC, IBADAN)
Abstract
*Abstract:*
This study examines the impact of wages and salary on employee motivation and productivity in the banking industry, with specific reference to First Bank PLC, Ibadan. A sample of 100 employees was selected using a stratified random sampling technique, and data was collected through a structured questionnaire. The findings reveal a significant positive relationship between wages, salary, and employee motivation. The study also shows that employees who are satisfied with their wages and salary are more likely to be committed to their jobs and exhibit higher levels of productivity. The study recommends that First Bank PLC, Ibadan, should review its wage and salary structure to ensure that it is competitive and aligned with industry standards. Additionally, the bank should consider implementing performance-based pay systems to motivate employees and enhance productivity.
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.