The Impact Of Monetary Incentive On Organizational Performance. (a Case Study Of First Bank – Plc. Enugu)

Sometimes, on wonders why some people perform more than others on the job or better still why people work hard. Man in his natural form is somehow lazy and always tries to gravitate towards his comfort unless some kind of force of reap a positive reward as the becomes the motive for his working towards his set target (motivating factor).

Given the above illustration, management scholars have tries to define what motivation is all about.

The Webster, Encyclopedic Dictionary of the English language (1995), said that motivation relates to the senesced or year etc. that prompts an individual to act.  It has to do with inner state that energizes activates or moves and therefore directs behaviour towards peoples.

In all organization, productivity is beckoned on the design of its incentives variables to balance among various management levels. Still others may not necessarily be motivated with a well packaged incentive scheme . The group believe that money is not every thing. People work for broadly defined rewards. These rewards can be broken down into two general classes know as intrinsic and extrinsic rewards.

Extrinsic rewards include figure pay proportion, complainants etc. and are often independence of the task perform and controlled by other people.

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