THE
IMPACT OF MOTIVATION ON EMPLOYEE’S JOB PERFORMANCE IN AN ORGANISATION
(A CASE STUDY
OF ACCESS BANK PLC OKPARA AVENUE AND ABAKALIKI ROAD BRANCHES, ENUGU)
This study is aimed at determining
the impact of motivation on employee‟s job performance in an organization. (A
case study of Access Bank Plc). The purpose here is to investigate and identify
factors responsible for the current state of affairs and seek to find practical
solution for lack of staff motivation and job performance. The research design
is survey research design comprising of opinions, impressions and perceptions
of the respondents. The sampling technique was simple random sampling and
proportionate stratified random sampling. In sampling opinion to collect data,
the questionnaire was used. In all, a population of 60 staff of Access Bank
comprising, top management middle management and junior staff were administered
the questionnaire. The questionnaires were administered to them but only 50
responded comprising 28 males and 22 females. Simple percentage and chi-square
were used to analyze the data collected and test the hypothesis stated. The
result from the test of the hypothesis indicated that; Commensurate salaries
and allowance paid to employee‟s of Access Bank Plc would motivated them toward
higher job performance, Promotion of employees as at when due will motivate
them toward higher job performance. The researcher recommends that management
of Access Bank Plc should try as much as possible to increase satisfaction of
the employees who are not satisfied with salaries they are given to increase
their inputs in the organization. The effects of this dissatisfaction can
hinder the job performance of the organization.
CHAPTER ONE
1.1
INTRODUCTION
Motivation means so many things to different people. Their impact on the individual depends also on his perception of what he considers to be of value to him and invariably influences his action or non-action. Motivation can be described as a set of incentives monetary of otherwise, reward and punishment systems which determine or influence staff performance and altitude to work. It is a production of human resource management and its impact goes on a long way in determining the quality and quantity of production and the level of industrial and labour harmony or disharmony in the organization.
Motivation means so many things to different people. Their impact on the individual depends also on his perception of what he considers to be of value to him and invariably influences his action or non-action. Motivation can be described as a set of incentives monetary of otherwise, reward and punishment systems which determine or influence staff performance and altitude to work. It is a production of human resource management and its impact goes on a long way in determining the quality and quantity of production and the level of industrial and labour harmony or disharmony in the organization.
Motivation can also be defined as
the forces acting on or within a person that cause the arousal, direction, and
persistence of goal-directed, voluntary effort.
Work Motivation has been defined as
“conditions which influences the arousal, direction, and maintenance of our
behaviors‟ relevant in work setting”. Gbadamosi and Adebakin (1997, PP33) other
scholars have variously defined motivation as “the act of stimulating some or
oneself to get a desired course of action, to push the right button, to get a
desired reaction. Julius Michael (1975,pp 265). “motivation is the process of
creating organizational conditions which will impel employees to strive to
attain company goals-Hodgetts,Richard (1977, pp 385) motivation is the
influence or drive that causes us to behave in a specific manner and has been
described as consisting of energy, direction and sustainability. Motivation is
a driving force by which human achieve their goals. Motivation is said to be
intrinsic or extrinsic:
Intrinsic motivation refers to
motivations that is driven by an interest or enjoyment in that task itself, and
exist within the individual rather than relying on any external pressure.
Extrinsic motivation comes from outside of the individual, common extrinsic
motivation are reward like money and grades coercion and threat of punishment,
competing is in general extrinsic because it encourage the performer to win and
beat others, not to enjoy the intrinsic rewards of the activity. The main
purpose of motivation is to attain organization goals according to Koontz et al
(1983: 14) “management requires the creation and maintenance of environment in
which individuals work together in group toward the accomplishment of the
objective” management has been faced with broad predicament since poor
approaches were employed toward the attachment of organizational objectives.
These approaches are not without
their strengths and weakness. In other worlds, firma are now faced with many
complexes managerial predicament because of the phenomenon maintained above.
Since the foremost aim of management of organization is the attainment of its
objective. Little or no attention is paid to welfare of workers. As an outcome,
the firm goals are defeated, since the workers are not motivated and cared for.
The motivations range from inadequate to lack of motivation. Often management
becomes dogmatic in their method of motivation as a result their expectation
are defeated. It is pertinent for management to know what can motivate a single
individual at a particular time and place would not motivate another person.
The expectation to drive from
anything one is doing is a motivation force that forces the individual to work.
According to Ajuogu (1996, pp 47) “motivation is an internal psychological
process”. It is the motive power that makes people behaves the way they do.
1.2 BRIEF
HISTORY OF ACCESS BANK
Access Bank Plc is a remarkable story of the transformation of a small obscure Nigeria Bank into an African Financial institution of note; with emerging foot prints on the international banking landscape. Access Bank today is one of the top 10 largest banks in Nigeria in terms of asset base. A phenomenal accomplishment considering its antecedents. The Beginning (1988-2002) December 19, 1988: Access Bank Issued a banking license.
Access Bank Plc is a remarkable story of the transformation of a small obscure Nigeria Bank into an African Financial institution of note; with emerging foot prints on the international banking landscape. Access Bank today is one of the top 10 largest banks in Nigeria in terms of asset base. A phenomenal accomplishment considering its antecedents. The Beginning (1988-2002) December 19, 1988: Access Bank Issued a banking license.
February 8, 1989: Access Bank
commenced operations at its Burma Road, Apapa Head Office.
March 24, 1998: Access Bank became a
public limited liability company. February 5, 2001: Access Bank obtained a
universal Banking license from the central Bank of Nigeria. The Rebirth
The board of director appointed
Aigboje Aig-Imoukhuede as MD/CEO and Herbert Wigwe as Deputy Managing Director.
The mandate was clear: “Reposition the bank to one of Nigeria‟s leading
financial institutions within a five year period (March 2002-March 2007) this
task was perceived by many as audacious, given the realities of the Bank at the
time. Also appointed to the Board was M. Gbenga Oyebode who brought commendable
board experience gathered from some of Nigeria‟s leading companies, such as MTN
Nigeria, Okomu oil Palm Plc. The new management then articulated a
transformation Agenda for Access Bank Plc. This agenda represented a complete
departure from all that characterized the bank in the past and became the road
map for the transformation of the bank into a world class financial
institution.
The focus was to:
- Assemble a credible and high caliber management team
- Introduce a culture of excellence founded on professionalism and integrity.
- Ensure human capital development
- Enlarge shareholder base
- Introduce strong procedures and processes to drive day-to-day activities of the bank
- Instill a passion for customers in all members of staff
- Establish a low cost liability generation strategy
- Expand branch network to cover all clearing zones within Nigeria
- Create a world class
Brand image.
The impact of the transformation agenda was reflected in the first year. The bank grew its balance sheet by 100% and posted an impressive N1billion in profit before tax. The profit before tax figure was more than the cumulative profit made by the bank in the last 12years. This also marked the beginning of what would be a 6 years record triple digit growth trend. Similarly, earning per share had rebounded to 21kobo from a negative 2kobo position, leading to a declaration of a 5kobo dividend to shareholders for the first time in 3 years February 1, 2012 Access Bank acquired intercontinental bank as part of their expansion program is to increase their capital base, to increase their branches and to serve their customer better.
1.3 STATEMENT
OF THE PROBLEMS
So many problems have be found or discovered to be a hindrance to the entire business sectors. In the since that most enterprise has not achieved significant supply of corporative workforce and optimum productivity.
So many problems have be found or discovered to be a hindrance to the entire business sectors. In the since that most enterprise has not achieved significant supply of corporative workforce and optimum productivity.
It has been noted that employee‟s
often complain about their wages and salary administration, poor working
condition, welfare, effective supervision, provision of adequate machinery and
materials at work place, provision of proper appliance and their maintenances
etc. the above complaints are indications that things are not going smoothly
with the employee‟s. on the other hand, management always ask why the
employee‟s are not longer productive or low level of productivity in the
organization.
We pay them good salaries provide
good working condition and environment and give excellent fringe benefits. The
solution to the above management questions often point to the managers that
employee‟s are either not properly motivated or not satisfied with their job.
Except opportunities are provided at work place to satisfy the workers needs they
will continue to have decreased production and performance will always remain
law. It was such alarming question that led some human relation experts into
finding out what gives on individual‟s job performance. These relationships
between motivation and job performance have made many researchers work
intensively on this area to find out dependable solutions to the problems.
1.4 OBJECTIVES
OF THE STUDY
The study will among other things try:
The study will among other things try:
- To find out what constitutes motivations and job performance to employee
- To find out what motivated employee mostly in an organization.
- To diagnose some of the incentive given by Access bank Plc which have strengthened the relationship between motivations on employee‟s job performance.
- To abstain what constitutes and efficient leadership style which will leads to increase in employee‟s job performance.
- To find out if employees are
trained as at when due in other to increase their job performance etc.
1.5 SIGNIFICANCE OF THE STUDY
The study could be useful to Access Bank Plc, Enugu Metropolis, in improving their level of productivity and employee‟s performance in future. It will also aid management in making decision on how employees could be motivated, not only with money but other incentives.
1.6 SCOPE OF
THE STUDY
The study will be carried out on
Access Bank Plc, Enugu Metropolis, the data collected and other vital
information are Limited to Access Bank Plc. This study strictly treats the
impact of motivation on employee‟s job performance.
Also the study does not show any
concern or analyzing on any bank around it environment. The study should have
covered all the banks in Enugu State but due to time and financial constraint,
it was limited to Access Bank Plc, Enugu Metropolis.
1.7 LIMITATIONS OF THE STUDY
This research work is specifically on the impact of motivation on employee job performance in Access Bank Plc. In the limitation on research work of this magnitude or nature can be carried out without limitation. Hence, during the course, certain constraints were encountered.
This research work is specifically on the impact of motivation on employee job performance in Access Bank Plc. In the limitation on research work of this magnitude or nature can be carried out without limitation. Hence, during the course, certain constraints were encountered.
COST: the cost of thorough research is
not what can be afforded by a student. The prices of materials needed for this
work has gone up and transport fee has also gone up.
Time: the time was one of the limitations
in the process of carrying out this research work.
SCARCITY OF
LITERATURE:
The research encountered some problems in collection of literature especially
on the bank History and operations. This are hindered the smooth running of
this work.
1.8 RESEARCH QUESTIONS
In other to achieve the objective of this research effort will be made to provide answers to the following research questions:
1.8 RESEARCH QUESTIONS
In other to achieve the objective of this research effort will be made to provide answers to the following research questions:
- What activities are perceived by Access Bank Plc on impact of motivation on employee‟s job performance?
- How efficiently have these activities been implemented in other to attain organizational objectives?
- Are employees of Access Bank Plc motivated terms of commensurate salaries and allowance?
- Are employee‟s of Access Bank Plc promoted as at when due?
- Are employees of Access Bank Plc involved decision making?
1.9 HYPOTHESIS
In other to attain the goals of this study the following research hypothesis are formulated for accurate empirical validation of this study:
NULL HYPOTHESIS Ho
In other to attain the goals of this study the following research hypothesis are formulated for accurate empirical validation of this study:
NULL HYPOTHESIS Ho
Ho: The employee‟s are not satisfied
with the motivational and performance techniques employed by the Access Bank
Plc Enugu Metropolis.
Hi: The employee‟s are satisfied
with the motivational and performance techniques employed by the Access Bank
Plc Enugu Metropolis.
Ho: Involvement of employee‟s in
decision making will not motivated them toward increase job performance.
Hi: Involvement of employee‟s in
decision making will motivated them toward increase job performance.
Ho: There is no direct relationship
between motivation and employee‟s job performance in Access Bank Plc Enugu
metropolis.
Hi: There is direct relationship between motivation and employee‟s job performance in Access Bank Plc Enugu Metropolis.
Hi: There is direct relationship between motivation and employee‟s job performance in Access Bank Plc Enugu Metropolis.
Ho: Commensurate salaries and
allowances paid to the employee‟s would not motivate them toward higher job
performance.
Hi: Commensurate salaries and
allowances paid to the employee‟s would motivate them toward higher job
performance.
Ho: Promotion of employee‟s as at
when due will not motivate them toward higher job performance.
Hi: Promotion of employee‟s as at
when due will motivate them toward higher job performance.
1.10
DEFINITION OF TERMS
MOTIVATION: it a social process in which some members try to influence others, to work harder, and work more efficiency. It is a person‟s state of mind which energizes channels and sustains behavior to achieve the person‟s needs. Motivation is also the willingness to do something and its conditioned actions and ability to satisfy some needs for the individual. It is also a driving force by which human‟s achieve their goals.
MOTIVATION: it a social process in which some members try to influence others, to work harder, and work more efficiency. It is a person‟s state of mind which energizes channels and sustains behavior to achieve the person‟s needs. Motivation is also the willingness to do something and its conditioned actions and ability to satisfy some needs for the individual. It is also a driving force by which human‟s achieve their goals.
MOTIVE: The desire, wishes, and similar
forces that channels human behavior toward goals. According to Collins English
Dictionary: Motive is the psychological feature that arouses an organisms to
action toward a desired goal, the reasons for an action that which gives
purpose and desired goal, the reason for an action, that which gives purpose
and direction to behavior. Motive is divided into two: Rational and irrational
motive:
RATIONAL MOTIVE: A motive that can be defended by reasoning or logical argument While
RATIONAL MOTIVE: A motive that can be defended by reasoning or logical argument While
IRRATIONAL
MOTIVE: A motive that
is inconsistent with reason or logic.
INCENTIVES: A thing that motivates or
encourages one to do something or a payment or concession to stimulate greater
output or investment. Payment made to employee over and above their basic pay
in order to encourage them to increase production, the payment are made on
result achieve.
BONUS: A payment or gift added to what is
usual or expected, in particular. Or an amount of money added to wages on a
seasonal basic, especially as a reward for good performance. Part of the
employee remuneration that is related in some way to value quantity of work
done, especially a payment that is made at the description of management rather
according to a set formula.
EMPLOYEE PERFORMANCE: This is contribution employee‟s make to organization goals meaning how effective an employee carries out job responsibilities.
EMPLOYEE PERFORMANCE: This is contribution employee‟s make to organization goals meaning how effective an employee carries out job responsibilities.
MOTIVATOR: Forces that induce individual to
act or perform forces that influence human behavior.
BEHAVIOR: Manner of one‟s conduct, demeanor
department.
PRODUCTIVITY: Efficiency to do that which is
expected and as expected. The relative efficiency of economic activity.
PERFORMANCE: Achievement and attainment of
state goals. The act of carrying out a duty or accomplishing something such as
a task or action
FRINGE
BENEFIT: Any non wage
or salary payment or benefit granted to employees by employers, example include
pension plans, profit-sharing programs, vacation pay, and company paid life,
health and unemployment insurance.
STAFF TURNOVER: Staff turnover is their leaving work or employment by termination, resignation, dismissal, retirements, death etc.
STAFF TURNOVER: Staff turnover is their leaving work or employment by termination, resignation, dismissal, retirements, death etc.
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