Effect of Motivation on Employees Performance in Access Bank Plc Ekiti State
Author(s):
FALEYE, Olubunmi Christianah (PhD), AFOLABI Adewale Josuah (PhD), IBIJOJU Taiwo Reuben (PhD)
Journal:
International Journal of Business Dynamics and Management
Abstract
This study examines the impact of motivation on employee performance in Access Bank Plc, Ekiti State. It focuses on key motivational factors, including financial incentives, promotional opportunities, recognition strategies, and training programs, to understand their effect on employee commitment, satisfaction, and overall productivity. The goal is to provide practical insights into effective strategies for enhancing employee performance in financial institutions. A quantitative research design was used, with data collected from 85 employees through structured questionnaires. Statistical analysis, including correlation and regression tests, was conducted to determine the relationships between motivational factors and performance indicators such as job competency, satisfaction, and loyalty. The regression analysis results showed that financial incentives accounted for 40% of performance variance, training programs contributed 30%, and recognition strategies explained 20% of the variance in employee performance. The findings revealed that 67% of respondents identified financial incentives, such as allowances and bonuses, as crucial to job satisfaction. 60% of employees reported that training programs significantly improved their job competency, while 55% recognized promotional opportunities and recognition initiatives as key contributors to commitment and loyalty. The analysis confirmed a strong positive relationship (r = 0.78) between motivation and overall employee performance. In conclusion, motivation plays a vital role in employee commitment and performance at Access Bank Plc. It is recommended that the bank strengthen its financial incentive policies, establish transparent promotional pathways, and develop comprehensive training programs.
Keywords:
Employees, Financial Benefits, Motivations, Performance, Satisfaction, Training and Development.