IIARD International Institute of Academic Research and Development

IIARD International Journal of Economics and Business Management (IJEBM )

E-ISSN 2489-0065
P-ISSN 2695-186X
VOL. 9 NO. 9 2023

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Effect of Reward Management Policies on Employee Performance in Selected Commercial Banks in Calabar Metropolis, Nigeria

Patrick Montok Igbaji., Nkamare, Stephen Ekpo.,. Josiah Josiah Ufot & Loveth Okpuno

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Abstract

The purpose of the study was to examine “reward management policies on employee performance in selected commercial banks in Calabar Metropolis’’. The specific objectives were to: examine the effect of non-monetary reward on employee performance, assess the effect of monetary reward on employee performance. This study adopted cross-sectional survey research design and primary sources of data. Information was gathered using textbooks, journals, published and unpublished journals, libraries and internet applications. From the analysis of the results, it was found that monetary reward had a positive impact on employee performance, since there are tools of growth, development in an organization. Non-monetary reward leads to employees’ productivity through recognition and opportunities. The study recommended that management of organizations should boost the morale of their employees in order to achieve goals and objectives of the organization. Also, the company should come up with lively policies on monetary rewards that will contribute to turnover.

keywords:

Reward System, Non-Monetary Reward, Monetary Reward, Employee Performance

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References:

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Bakker, F.F. (2021). Reward climate and its impact on service quality orientation and employee
attitudes. International Journal of Hospitality Management.

Beard, A., (2017). Reward and performance. Journal of Leadership and Organisation
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