IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND MANAGEMENT RESEARCH (IJSSMR )

E-ISSN 2545-5303
P-ISSN 2695-2203
VOL. 9 NO. 11 2023
DOI: https://doi.org/10.56201/ijssmr.v9.no11.2023.pg13.26

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Understanding Non-Financial Reward as Instrument for Building a Motivated Workforce

Onavwie, Friday Ojiyovwi, Okereka, Onofere Princewill, PhD., Erude, Shalom Ufuoma

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Abstract

This study adopts a qualitative method of data collection. Our argument is on the important role non-financial rewards play on a motivated workforce. The obtained data was from secondary sources viz, books, journals, newsletters, magazines, term papers, and etcetera. Abraham Maslow's Theory of the Hierarchy of Needs, guided this study. We understand that, humans as emotional beings are motivated by several factors. What may motivate one may demotivate another. From this study, the following findings where obtained: that there are other factors aside financial rewards that motivates employees in the organization. Some of these factors include, flexible work, summer hours, giving birthday off, once in a while giving of meals, snacks and treats, financial wellbeing support, discounts on commonly used essentials and etcetera. Submissively, for employers, management, organizations and government to get the best from employees vis-a- vis job performance, subsidies on transportation should be made available, and the need for a flexible working hours should be considered, especially for employees whose work are way far from home.

keywords:

Financial Reward, Management, Non-Financial Reward, Motivation, Workforce

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References:

Agiri, J. E., Erude, U. S. & Ohanyelu, C. N. (2023). Fuel Subsidy and Hyper Corruption in Nigeria.
American Journal of Multidisciplinary Research in Africa, 3(4): 1-7.
https://doi.org/10.58314/891QWT
Ajila, C., & Abiola, A. (2004). Influence of rewards on workers' performance in an organization.
Journal of Social Science, 8(1), 7-12.

Armstrong, M. (2014). Armstrong's handbook of reward management practice: Improving
performance through reward. Kogan Page Publishers

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