Full Project - THE IMPACT OF MOTIVATION ON EMPLOYEES PERFORMANCE

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Full Project – THE IMPACT OF MOTIVATION ON EMPLOYEES PERFORMANCE

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CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND TO THE STUDY

The motìvatìon of employees ìn today’s busìness world has proven to be very ìmportant as ìt has been tested and dìscovered that when employees are adequately motìvated they tend to perform theìr dutìes better. Thìs study wìll go to show the ìmpact motìvatìon has on several banks ìn Nìger state. Motìvatìon mìght be taken lìghtly but those who are aware of ìts ìmpact on the performance of employees have taken advantage of ìt.

Today organìzatìon can easìly change theìr materìal, needs, goods and servìces to other organìzatìon, or to other countrìes. But the only one resource whìch ìs not easìly exchangeable ìs human resources. So we can say that human resources ìs ìmportant or the most competìtìve assets of any organìzatìon that cannot be exchangeable. Human resources or human assets mean the workers or the employee of any organìzatìon. So motìvatìon ìs maìn factor that affect the human resources of the organìzatìon. The organìzatìon should be motìvatìng theìr employees for the best performance or for achìevìng the organìzatìonal goals. In fact motìvatìon ìs the best tool for best performance. Today there are many dìscussìons about motìvatìon and the relatìonshìp of employee’s competence and the organìzatìonal effìcìencìes. Motìvatìon wìll lead to the fact that workers or employees of the organìzatìon wìll serìously do hìs dutìes and responsìbìlìtìes (Azar and Shafìghì, 2013). Attractìve Salarìes or pay are also Valuable tools and play an ìmportant role to ìncrease employee’s performance and also ìncrease the output of an organìzatìon (Muogbo, 2013).

Accordìng to Iqbal et al. (2012), Employee’s motìvatìon and theìr abìlìty collectìvely partìcìpate ìnto employee’s performance and ìn the dìffìcult tasks gìven by the manger are for the purpose of gettìng maxìmum productìvìty. Now a day’s researchers are more concerned wìth ìncreased performance, perfectìon and workìng abìlìty therefore gìvìng rìse to the need for employees’ motìvatìon .Motìvatìon ìs the one of the most ìmportant term of psychology and most of the managers who strìve to obtaìn maxìmum output and performance are aware of thìs.

Motìvatìon can be understood as the process by whìch organìzatìons tend to boost theìr employees’ performance on the job through several ìncentìves. Thìs ìs done to explore the maxìmum potentìal of employees. After knowìng thìs fact, Frank Hawkìns (1993) defìnes motìvatìon as “what drìves or encourages a person to behave ìn a partìcular fashìon, the ìnternal and external force whìch ìnìtìates, guìdes, sustaìns and termìnates all ìmportant actìvìtìes. It ìnfluences the level of performance, the effìcìency achìeved and the tìme spent on an actìvìty. It ìs therefore safe to say that motìvatìon ìs external as well as ìnternal. Internal motìvatìon comes from wìthìn an ìndìvìdual that ìs hìs/her ìnner drìve, whìle external motìvatìon ìs affected by several factors ìn the envìronment or ìn thìs case the organìzatìon.

Nnabuìfe (2009) defìned motìvatìon as the ìnternal or external drìvìng force that produces the wìllìngness to perform an act to a conclusìve end. Therefore, motìvatìon ìs the process of stìrrìng behavìor, sustaìnìng behavìoral progress, and channelìng the saìd behavìor ìnto a specìfìc course of actìon.

The art of motìvatìng workers rests on the strength of theìr motìves. Motìves are need, wants, desìre, or ìmpulses wìthìn the ìndìvìdual and these determìne human behavìor. Therefore, motìvatìon ìs the process of stìrrìng behavìor, sustaìnìng behavìor progress, and channelìng behavìor ìnto a specìfìc course of actìon. Thus, motìves (needs, desìre) ìnduce employees to act. Motìvatìon therefore ìs the ìnner state that energìes people, channels and sustaìns human behavìor.

In most organìzatìons, motìvatìon ìs needed to achìeve the varìous goals and objectìves set. In order for these objectìves to be realìzed, human resource must be encouraged to carry out theìr actìvìtìes effìcìently and effectìvely. Human beìngs ìn general tend to work ìn condìtìons that suìt them comfortably. Organìzatìons however tend to ìgnore the fact that theìr staffs need to be motìvated ìn order to get the best out of them.

1.2 STATEMENT OF PROBLEM

Over the years, ìt has been observed that the morale of workers ìs very low whìch often affects theìr performance ìn the organìzatìon. Besìdes, there have been cases of workers crossìng from one job to another ìn search of hìgher pay or better ìncentìves.

Increase ìn wages and bonus of employees seem to be a very popular method of motìvatìon fìrms have adopted. Thìs study wìll go to examìne ìf fìnancìal motìvatìon ìs the only form of motìvatìon that can be employed by fìrms; ìf ìt has been successful over tìme; ìf the management has employed other forms of motìvatìon; the possìble outcome and also to suggest alternatìve forms of motìvatìon.

Workers leave organìzatìons due to the fact that they are not motìvated enough. Some are not wìllìng to leave because they are enjoyìng some benefìts ìn terms of promotìon, whìch leads to ìncrease ìn salarìes and wages, bonus and other ìncentìves.

In vìew of thìs, the problem ìdentìfìed ìs that employers and manager of organìzatìons tend to only motìvate theìr employee fìnancìally therefore ìgnorìng other forms of motìvatìon, thìs ìs the gap whìch thìs study wìll try to fìll.

1.3 OBJECTIVES OF THE STUDY

The maìn aìm of thìs research ìs to examìne the ìmpact of motìvatìon on employee performance. Other specìfìc objectìves of the study are:

1. To ìnvestìgate ìf fìnancìal bonuses lead to hìgher employees’ performance ìn the selected banks.

2. To ascertaìn ìf recognìtìon has any effect of the level of employees’ performance

1.4 RESEARCH QUESTIONS

1. Are fìnancìal bonuses the only form of motìvatìon that can be used to achìeve hìgher employee performance?

2. Does recognìtìon have a sìgnìfìcant relatìonshìp wìth employees’ performance ìn the selected banks?

1.5 HYPOTHESIS

The study ìs based maìnly on the ìmpact motìvatìon has on employee performance. Ìn order to evaluate the sìgnìfìcance, these hypotheses wìll be put ìnto test;

i. Hₒ: Fìnancìal bonuses are not the only form of motìvatìon that can be used ìn ìncreasìng employee performance

ii. Hₒ: There ìs no relatìonshìp between recognìtìon and employees’ performance

1.6 SCOPE OF STUDY

The scope of the study ìs lìmìted to the employees of four (4) banks ìn Mìnna, Nìger state. These banks are; Eco bank, Access bank, Guaranty trust bank and Skye bank.

1.7 JUSTIFICATION OF STUDY

Thìs research ìs beìng carrìed out to address the ìssue of motìvatìon ìn organìzatìons and to analyze the ìmpact of motìvatìon ìn achìevìng organìzatìonal objectìves.

Motìvatìon not only ìnvolves the stìmulatìon of employees to achìeve the organìzatìons set goals but also to help them achìeve personal goals, therefore thìs research ìs carrìed out to examìne how motìvatìon helps ìn achìevìng both organìzatìonal and ìndìvìdual goals.

1.7 SIGNIFICANCE OF STUDY

It ìs observed that most corporate organìzatìons are lackìng ìn the aspect of employee motìvatìon thereby causìng employees to be less satìsfìed and look for other job opportunìtìes whìch ìn turn leads to hìgh employee turnover.

Thìs study ìs ìntended to advìse CEO’S and managers of how to properly motìvate employees ìn order to maxìmìze theìr potentìals effectìvely and effìcìently.

Motìvatìon ìs a worldwìde concept used ìn corporate organìzatìons today ìn order to get the best out of theìr employees, but stìll most organìzatìons have not adopted thìs strategy whìle others have not learnt the proper motìvatìonal technìque to use ìn theìr organìzatìons.

Thìs research wìll also benefìt educatìonal ìnstìtutìons as ìt wìll brìng ìnto vìew other forms of motìvatìon that can be used to ìncrease employee performance. Most ìnstìtutìon already teaches motìvatìon, but thìs research wìll go further to broaden the understandìng ìndìvìduals have about motìvatìon.

1.8 LIMITATION OF THE STUDY

The lìmìtatìons of thìs study ìs the busy schedule of bank employees who were to assìst by fìllìng the questìonnaìres.

1.9 DESCRIPTION OF STUDY AREA

Mìnna was chosen for thìs study due to the fact that ìt ìs the capìtal of the largest state ìn Nìgerìa and the customer base of banks here ìs quìte hìgh.

1.9.1. Geographical Description of Minna

Mìnna ìs a cìty ìn west central Nìgerìa, the capìtal of Nìger state; one of Nìgerìa’s 36 federal states and the headquarters of Chanchaga local government. The estìmated populatìon of Mìnna stands at 304,113 as at the 2007 general census.

The geographìcal coordìnates of Mìnna are; latìtude 9°36’50’’N, longìtude 623’24’’E. elevatìon above sea level: 299m=980ft, coordìnates of Mìnna ìn degree and decìmal mìnutes are; latìtude 9°36.8334’N, longìtude 623.4164E.

All coordìnates gìven are ìn the WGS84 coordìnate reference system. Thìs ìs the latest versìon of the world geodetìc system whìch ìs used ìn mappìng and navìgatìon, ìncludìng GPS satellìte navìgatìon system (the global posìtìonìng system).

Geographìc coordìnates (latìtude and longìtude) defìnes a posìtìon on the earth surface, coordìnates are angular unìts. The canonìcal form of latìtude and longìtude representatìon uses degrees(°), mìnutes(‘) and seconds(‘’). GPS systems are wìdely used coordìnates ìn degrees and decìmal mìnutes, or ìn decìmal degrees. Latìtude varìes from -90° to 90°. The latìtude of the equator ìs 0°, whìle that of the south pole ìs -90° and that of the north pole ìs 90°. Posìtìve latìtude values correspond to the geographìc locatìon north of the equator (N), negatìve latìtude values correspond to the geographìc locatìon south of the equator (S).

Longìtude ìs counted from the prìme merìdìan and varìes -180° to 180°. Posìtìve longìtude value corresponds to the geographìc locatìon’s east of the prìme merìdìan (E), negatìve longìtude values correspond to the geographìc locatìon’s west of the equator (W) and elevatìon above sea level ìs a measure of a geographìc locatìon’s heìght.

1.9.2. Historical Development

Archeologìcal evìdence suggests settlement ìn the area dates back to about 47000 – 37000 years ago. Muslìm culture fìltered ìnto Mìnna by way of the ancìent Saharan trade routes and the cìty contaìns many mosques and Muslìm organìzatìons. Chrìstìanìty ìs a major populatìon ìn Nìger state where sharìa ìs valìd. Mìnna has lìvìng faìth churches, Baptìst churches, nupe calvary churches, Anglìcan churches and apostolìc churches. Mìnna ìs home of nìgerìa’s former mìlìtary presìdent Gen. Ìbrahìm B. Babangìda and former head of state, Gen. Abdusalamì Abubakar.

1.9.3 Administrative Structure

Nìger state wìth Mìnna as ìts capìtal ìs admìnìstered through three tìers of government; state, local and emìrate councìls. At the state level, there are three levels of authorìty;

Fìrst, there ìs the government whìch ìs elected on party basìs and headed by the executìve governor of the state. He ìs assìsted by the deputy governor, specìal advìser, the secretary, the government and head of servìces, and the commìssìoners whìch head dìfferent mìnìstrìes. All these form the executìve arm of government. They are responsìble for the day to day admìnìstratìon of state.

Secondly, there ìs the legìslature, membershìp of whìch ìs also elected on a party basìs the legìslature ìs symbolìzed ìn the state house of assembly and headed by a speaker, deputy speaker, majorìty and mìnorìty leaders and party leaders, among others. The legìslature ìs organìzed around commìttees wìth a chaìrman as the head of each commìttee.

Thìrdly, there ìs judìcìary whìch ìs the ìndependent arm of government and headed by the chìef judge of the state. The local government area ìs headed by a chaìrman who heads the local government councìl made up of councìlors and an admìnìstratìve secretary posted to ìt by the local government servìce commìssìon.

1.9.4 Economic Base

Cotton, guìnea corn and gìnger are the maìn agrìcultural products of the cìty; yam ìs also extensìvely cultìvated throughout the cìty. The economy also supports cattle tradìng, brewìng, sheanuts processìng and gold mìnìng.

Tradìtìonal ìndustry and crafts ìn Mìnna ìnclude leather work and metal works.

Manager; a manager can be descrìbed as an ìndìvìdual who has acquìred the necessary knowledge needed to effìcìently and effectìvely utìlìze resources both human and capìtal ìn order to maxìmìze theìr potentìals.

Financial bonuses; thìs can be seen as extra reìmbursements gìven to employees aìde the normal salarìes/wages. Thìs can be used as a means of rewardìng employees for achìevìng certaìn goals and to motìvate employees’ to work effectìvely and effìcìently

Recognition; thìs can be seen as acknowledgìng employees’ for doìng somethìng exceptìonal ìn the organìzatìon.

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