A Study of Impact of Incentives on the Productivity of Employees
Keywords:
Incentives, Motivation, employee, Productivity, performance, BonusesAbstract
Incentive programs aim to motivate and reward employees for their job performance and achievements. These programs can include various financial benefits such as bonuses, commissions, profit-sharing, and stock options. Additionally, non-financial rewards like recognition, promotions, increased time off, and training opportunities are also employed. While organizations may have different specific goals for their incentive programs, the common objectives include enhancing productivity, elevating staff morale, reducing employee turnover, and fostering a culture of performance and excellence.
This study aims to verify the impact of incentive on the productivity of employees of Organization as well as to analyse whether providing incentives, such as bonuses or other rewards, to employees can result in heightened workplace productivity. The study typically includes collecting data on employee productivity before and after the implementation of the incentive program, and then comparing the results to determine if there is a significant correlation between incentives and productivity. The research is empirical and explanatory basically based on primary data collected through google questionnaire. Sample survey size was 150 respondents working in manufacturing industries. Descriptive statistics summarizes the characteristics of a data set. For the hypothesis testing multiple Linear Regression analysis was used.
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