PL EN


2016 | 9 | 336-346
Article title

THE IMPACT OF MONETARY REWARDS ON THE MOTIVATION OF EMPLOYEES

Content
Title variants
PL
WPŁYW NAGRÓD MONETARNYCH NA MOTYWACJĘ PRACOWNIKÓW
Languages of publication
Abstracts
EN
The influence of monetary incentives on the motivation of employees was considered in this article. A calculation of the interrelationship between monetary rewards and labour productivity was provided, as the most visible quantitative indicator of employee motivation. In the course of this research, the specific components of the overall payroll were examined, and their impact on the productivity of employees was determined. The results of the study indicated that extra pay, bonuses, and inducement pay had a positive linkage with labour productivity, whereas the basic wage level and indexation were not found to have a significant effect on motivation. It was considered important to establish the most suitable recommendations for managers, in terms of improving their system of financial rewards with the objective of enhancing the level of employee motivation.
PL
Celem artykułu jest rozpatrzenie wpływu bodźców monetarnych na motywację pracowników. Przeprowadzono rozliczenie związku między bodźcami monetarnymy i wydajnością pracy, jako najbardziej oczywistym ilościowym wskaźnikiem motywacji pracowników. W pracy rozpatrzono elementy konstrukcyjne funduszu pracy, a także określono ich wpływ na wydajność pracy. Wyniki badania pokazały, że istnieje pozytywna korelacja między dopłatami, premią, nagrodami finansowymi i wydajnością pracy, w tym czasie jak istotnego wpływu pensji i ideksacji na motywację nie było stwierdzono. Uzasadniono odpowiednie rekomendacje dla menedżerów, co do doskonalenia systemu nagród finansowych w celu zwiększenia motywacji pracowników
Contributors
  • Department of Economics and Security of Enterprise, Lesia Ukrainka Eastern European National University
References
  • Barongo E. K., The Role of Financial Incentives on Employees’ Motivation in Financial Institutions in Tanzania: a Case of Bank of Tanzania, A Dissertation for the Award of MBA (HRM) at University of Tanzania 2013.
  • Erbaşı A., Arat T., The Effect of Financial and Non-financial Incentives on Job Satisfaction: An Examination of Food Chain Premises in Turkey, “International Business Research” 2012, Vol. 5, No. 10.
  • Marwan Al-Nsour, Relationship between incentives and organizational performance for employees in the Jordanian Universities, “International Journal of Business and Management”2 012, vol. 7(1).
  • Maslow A.H., Motivation and Personality, Harper, NY 1954.
  • Rose T. M., The impact of financial incentive mechanisms on motivation in Australian government large non-residential building projects. Published PhD thesis, Queens land University of Technology, New York 2008.
  • Salau O. P., Adeniji A. A., Oyewunmi A., Relationship Between Elements of Job Enrichment and Organisational Performance Among the Non-Academic Staff inm 3 Nigerian Public Universities, “Marketing and Management Journal” 2014 Vol. 12(2).
  • Saqib S., Abrar M., Sabir H.M., Bashir M., Baig S.A., Impact of Tangible and Intangible Rewards on Organizational Commitment: Evidence from the Textile Sector of Pakistan, “American Journal of Industrial and Business Management” 2015, vol. 5, http://dx.doi.org/10.4236/ajibm.2015.53015
  • Shujaat S., Alam R., Impact of non-monetary rewards on employee’s motivation: a study of commercial banks in Karachi, “Journal of Management and Social Sciences” 2013, Vol.9, No. 2.
  • Zafarullah W, Sharjeel S., The Effect of Monetary and Non-Monetary Rewards on Employee Engagement and Firm Performance, “European Journal of Business and Management” 2014, Vol.6, No.31.
Document Type
Publication order reference
Identifiers
ISSN
1899−9573
YADDA identifier
bwmeta1.element.desklight-f570c7df-4586-4bf6-bbee-77a85e64623e
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