TABLE OF CONTENTS
Statement of the problems
Purpose of the study
Significance of the study
Scope and limitation of the study
Historical background of Afri bank Nigeria plc
Organizational chart of Afri bank of Nigeria plc
Definition of the term used.
CHAPTER TWO:- LITRATURE REVIEW
2.1 History of
fringe benefits (incentive) as a motivational factor, Wages and Salaries in
2.2 Motivation and
2.3 Theories of
between performance and motivation
between fringe benefit and motivation
CHAPTER THREE:- RESEACH METHODOLOGY
3.2 population and
3.5 Method of Data
3.6 Method of Data
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
Presentation of data
Analysis of data
CHAPTER FOUR:- SUMMARY CONCLUSION AND RECOMMENDATION
Employee’s interest in higher productivity does not develop
without some stimulation by management; either directly or through the creation
of an atmosphere in which employees wants to contribute their best effort to
It must be received that in any organization, motivation
`has a great impact on worker’s performance, if properly administered. It will
enhance the output of the workers which has a multiplier effect on the rate of
profit and turnover of the organization.
Remuneration policy and methods can be considered in
isolation from the country’s economic policies. That is why the state of the
economy must be critically analyzed before any policy on remuneration could be
According to Haire (1963), in his wages and salary policy and
administration, he states that pay in one form or another is certainly one of
the main spring of motivation in one society.
As a motivator, it becomes part of general psychological
problem’’. An incentive is a systematic procedure for establishing a sound
compensation structure. By reducing inequalities among employees earning, a
good programme raised individual moral and reduces inter group friction.
Similarly, motivation (incentives) policy shall be the
policy of an organization to promote incentives that are at least as good as,
if not better than, those paid by the competitors for similar types of work
under similar conditions of works in the communities in which it operates.
STATEMENT OF THE PROBLEMS
One approach to employees’ motivation has been to add
incentive to an individual’s job as the primary factor in improving
performance. Endless mixes of employee benefit –such as Health care, Life
insurance, profit sharing , Employee’s stock ownership plans, Exercise
facilities, Subsidized meal plans, Child care availability, company’s car and
more have been used by companies in
their effort to maintain happy employees in the belief that happy
employee are motivated employee. To what extent has these incentives affect
employees productivity in Nigeria: A case study of Afribank plc.
PURPOSE OF THE STUDY
Motivating employees to contribute their efforts to
accomplish organizational duties and task requires the identification variables
that could be influencing such efforts. The identification of such variable is
not an easy task. This could be attributed to the variety of employees need and
aspiration from the jobs which imply that motivating factors are multi
Basically, the purposes of the study are:-
(1) To resolve
problem in process of motivating workers.
(2) To examine
various leading theories of motivation and their effect on productivity.
determine whether a group of workers will have some need and wants which
effects their productivity.
(4) To determine
whether financial motivation alone can satisfy the employees
need and wants therefore stimulate them
to work harder.
(5) To arrive at
suggestions which if implemented can help to improve the workers output and
efficiency and thus achieve company goals and objectives.
(6) To serve as
guidelines for the easy study.
(7) To serve as
reference for other staffs.
THE SIGNIFICANCE OF
For modern days business enterprises to be successful, the
presence of committed and dedicated managers and highly motivate workers is
To get the workers motivated, the manager must understand
those factors that will motivate a particular employee at a particular point in
The study will however, assist managers in getting the best
out of their workers to achieve the enterprises objectives.
This will be achieve by establishing the importance of
motivation in today’s highly competitive
and dynamic business environment and how the concept could be used to inspire appropriate co-operation effort
essential for achieving individual and organizational goals.
SCOPE AND LIMITATION OF THE STUDY
There are certain motivational factors that would account
for a specific type of behaviour (better performance, higher productivity) from
the workers. The area which the study covers are:-