Main Article Content
Abstract
PURPOSE
The objective of the study is to investigate the impact of monetary incentives on the Shinas College of Technology employees’ motivation; to critically investigate the importance and the value of monetary incentives for the employees and also to critically examine which monetary incentive best suits and motivates the employees of Shinas College of Technology.
METHODOLOGY
The study included samples of 130 employees from all the academic and non-academic staff of the college collected through a well-defined questionnaire. The data collection was done on a simple random sampling basis.
FINDINGS
The study reveals that the employees of Shinas College of Technology are motivated by salary and on duty allowance rather than the other monetary incentives/benefits.
PRACTICAL IMPLICATIONS
The study demonstrates that the monetary incentives have a direct impact on employees’ motivation and the attractive financial incentive will boost most of them to work hard.
SOCIAL IMPLICATIONS
The management of the selected college of study needs to identify the right kind of monetary incentive to their staff so that the employees will be highly motivated to put their best effort in completing their jobs which might, in turn, increase their loyalty towards the organization and their job satisfaction.
ORIGINALITY/VALUE
No study have examined the impact of monetary incentives and the motivational factors of the employees ever before, and it is a first-hand study of its kind.
RESEARCH LIMITATIONS/IMPLICATIONS
The study was restricted to the employees of the Shinaz College of Technology, Shinaz, Oman. The study could be extended to know the insight of the employees of similar institutions in Oman.
Keywords
Article Details
Authors retain the copyright without restrictions for their published content in this journal. IJMIER is SHERPA ROMEO Journal.
Publishing License
This is an open-access article distributed under the terms of
References
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- Schaufeli, W.B. (2002), “The measurement of engagement and burnout: a two sample confirmatory factor analytic approach,†Journal of Happiness Studies, vol.3, issue.1, pp. 71-92.https://doi.org/10.1023/A:1015630930326 DOI: https://doi.org/10.1023/A:1015630930326
- Serena A., Muhammad K. S. and Emran M. A. (2012), “The Impact of Rewards on Employee Performance in commercial banks of Bangladesh: An empirical study,†Journal of Business and Management, vol.3, issue.1, pp. 19-36.
- Sonawane, P. (2008), “Non-monetary Rewards: Employees choices and organizational practices,†Indian Journal of Industrial Relations, Tata Institute of Social Sciences, Vol.44, issue.2, pp.256-271.
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References
Alonso P., & Lewis G. B. (2001), “Public Service Motivation and Job Performance Evidence from the Federal Sector,†The American Review of Public Administration, Vol.31, issue.4, pp. 363-380, http://dx.doi.org/10.1177/02750740122064992 DOI: https://doi.org/10.1177/02750740122064992
Al-Zoubi, M.T. (2012), “The Shape of the relationship between Salary and Job Satisfaction: A Field Study,†Far East Journal of Psychology and Business, Vol.7, issue.3, pp.1-12.
Bates S. (2003), “(Top) Pay for Best Performance,†Annual Editions, HR Magazine, Society for Human Resource Management, Vol.48, issue.1, Jan.2003 available at https://www.shrm.org/hr-today/news/hr-magazine/pages/0103covstory.aspx
Berger, A.L., and Berger, D.R. (2015), “The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design,†6th edition, ISBN-10-0071836993, New York: McGraw-Hill.
Bhattacharya and Mukherjee P.(2009), “Rewards as a Key to Employee Engagement: A Comparative Study on I.T. Professionalsâ€, ASBM Journal of Management, vol.2, issue.1, pp.160-175.
Bokorney J. (2007), “Salaries Still Rising,†Evaluation Engineering, vol.46, issue.4, pp.12-14.
Buchbinder, S.B, and Shanks, N. H. (2017), “An Introduction to Healthcare Management,†3rd edition, ISBN-13-9781284081015, United States: Jones & Bartlett Learning.
Crewsen, P.E (2010), “Public service motivation: Building empirical evidence of incidence and effect,†Journal of Public Administration Research and Society, vol.42, issue.6, pp. 720-748.
Danish, R.Q. and Usman, A. (2010), “Impact of reward and recognition on job satisfaction and motivation, An empirical study from Pakistan,†International Journal of business and management, Vol.5, issue.2, pp. 159-167. https://doi.org/10.5539/ijbm.v5n2p159 DOI: https://doi.org/10.5539/ijbm.v5n2p159
Entwistle, N. (1987), “Motivation to learn, Conceptualization and Practices,†British Journal of Education Studies, vol.35, issue.2, pp.129-148.https://doi.org/10.1080/00071005.1987.9973757 DOI: https://doi.org/10.1080/00071005.1987.9973757
Fairbank, J.F., and Williams, S.D. (2001), “Motivating creativity and Enhancing Innovation through Employee Suggestion System Technology,†Creativity and Innovation Management, vol.10, issue.2, pp. 68-74, available at https://doi.org/10.1111/1467-8691.00204 DOI: https://doi.org/10.1111/1467-8691.00204
Hislop, D. (2003), “Linking human resource management and knowledge management via commitment: A review and research agenda,†Employee Relations, vol.25, issue.2, pp. 182-202. https://doi.org/10.1108/01425450310456479 DOI: https://doi.org/10.1108/01425450310456479
Hong, J.C. (1995), “Impact of employee benefits on work motivation and productivity,†The International of Career Management, vol.7, issue.6, pp. 10-14.https://doi.org/10.1108/09556219510098064 DOI: https://doi.org/10.1108/09556219510098064
Kiruja E.K. and Mukuru, E. (2013), “Effect of Motivation on Employee performance In Public Middle-Level Technical Training Institutions in Kenya,â€International Journal of Advances in Management and Economics, vol.2, issue.4, pp.73-82.
Kube S., Marechal M. A. and Puppe C.(2006), “Putting Reciprocity to Work -Positive versus Negative Responses in the Field,†Economics Discussion Paper No. 2006-27, University of St. Gallen, available at http://www.ssrn.com/abstract=944393 DOI: https://doi.org/10.2139/ssrn.944393
Langton N. and Robbins S.P.(2012), “Organizational Behavior Concepts, Controversies and Application,†6th Canadian edition, ISBN-10-0132935287, Toronto, Ontario: Pearson Prentice Hall.
Lawler, E. E. (1985),“The Effects of Performance of Job Satisfaction,†Industrial Relations, vol.7,issue.2, pp. 20-28. DOI: https://doi.org/10.1111/j.1468-232X.1967.tb01060.x
Lazear, E. P. (2000), “The future of personnel economics,†The Economic Journal, vol.110, pp. 611-639,http://dx.doi.org/10.1111/1468-0297.00576 DOI: https://doi.org/10.1111/1468-0297.00576
Lemieux, MacLeod W. B. and Parent D. (2009), “Performance pay and wage inequality,†The Quarterly Journal of Economics, vol.124, issue.1, pp. 1-49.http://dx.doi.org/10.1162/qjec.2009.124.1.1 DOI: https://doi.org/10.1162/qjec.2009.124.1.1
Lopez T.(2002), “Final Report 5-6-02 HIMSS/ Hersher Associates Job Satisfaction Surveyâ€, Health Care Information and Management Systems Society, Jun.2002, available at http://s3.amazonaws.com/rdcms-himss/files/production/public/HIMSSorg/Content/files/surveyresults/jobSatisfaction2002.pdf
Muralidharan K. And Sundararaman V. (2009), “Teacher performance pay: Experimental Evidence from India,†National Bureau of Economic Research, vol.1, issue.1, pp.1-48.https://doi.org/10.3386/w15323 DOI: https://doi.org/10.3386/w15323
Perry L., Mesch D. & Paarlberg L. (2006), “Motivating Employees in a New Governance Era: The Performance Paradigm Revisited,†Public Administration Review, vol.66, issue.4, pp. 505 – 14. DOI: https://doi.org/10.1111/j.1540-6210.2006.00611.x
Pink D.H. (2011), “Drive The Surprising Truth about What Motivates Us,†Riverhead Books, New York, ISBN-10-1594484805, U.S, Penguin Group Inc.
Rynes, S.L., Gerhart B. and Minette K.A. (2004), “The importance of pay in employee motivation: Discrepancies between what people say and what they do,†Vol.43, Issue .4, pp. 381–394.https://doi.org/10.1002/hrm.20031 DOI: https://doi.org/10.1002/hrm.20031
Sajuyigbe, A. S, Olaoye B.O. and Adeyemi M.A. (2013), “Impact of Reward on Employees Performance in a selected Manufacturing Companies in Ibadan, Oyo state, Nigeria,†International Journal of Arts and Commerce, vol.2, issue.2, pp. 27-32.
Schaufeli, W.B. (2002), “The measurement of engagement and burnout: a two sample confirmatory factor analytic approach,†Journal of Happiness Studies, vol.3, issue.1, pp. 71-92.https://doi.org/10.1023/A:1015630930326 DOI: https://doi.org/10.1023/A:1015630930326
Serena A., Muhammad K. S. and Emran M. A. (2012), “The Impact of Rewards on Employee Performance in commercial banks of Bangladesh: An empirical study,†Journal of Business and Management, vol.3, issue.1, pp. 19-36.
Sonawane, P. (2008), “Non-monetary Rewards: Employees choices and organizational practices,†Indian Journal of Industrial Relations, Tata Institute of Social Sciences, Vol.44, issue.2, pp.256-271.
Yongsun P., Barbara S., and Christy M. 2002), “How to improve repatriation management: are motivationsand expectations congruent between the company and expatriates,†International Journal of Manpower, vol.23, issue.7, pp. 635-675. DOI: https://doi.org/10.1108/01437720210450815