REWARD SYSTEM AND ORGANIZATIONAL PERFORMANCE OF DEPOSIT MONEY BANKS IN YENAGOA, BAYELSA STATE

  • AKUEN, Ebinimi Department of Business Administration Federal University, Otuoke Bayelsa State, Nigeria
  • OLODA, O. Felix Department of Business Administration Federal University, Otuoke Bayelsa State, Nigeria

Abstract

This study examined the relationship between Reward system and Organizational performance of deposit money banks in Yenagoa, Bayelsa State. The study adopted the cross-sectional survey design, and data were collected from 225 employees across selected deposit money banks using questionnaire. The Pearson’s product moment correlation statistical tool was employed to test the hypotheses. Findings from this study revealed positive and significant relationships between the three dimensions of reward system (pay/salary, benefits, and career opportunities/development) and the two measures of organizational performance (employee satisfaction and customer satisfaction). The study recommends that: The management of banks should identify the needs of the individual employee and establish an appropriate link between them, which will lead to employee and customer satisfactions. Management of banks should focus on employee’s career progression. There should be some career development programs in which management should discuss employee’s career plans with them. Managers should use tools that increase loyalty and citizenship behaviour of the employees in the system for example, application of the rewarding methods that are non-material (presenting a plaque, promotion opportunities, travel free of charge) may influence employee satisfaction which transverse to customer satisfaction. Human Resource Department of banks should in conjunction with senior management revise the current salary scale in line with prevailing economic environment and set an appropriate and competitive salary scale. This will not only motivate employees but also increase employees’ performance and reduce employees’ turnover.

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Published
2025-07-21
How to Cite
Ebinimi, A., & O. Felix, O. (2025). REWARD SYSTEM AND ORGANIZATIONAL PERFORMANCE OF DEPOSIT MONEY BANKS IN YENAGOA, BAYELSA STATE. GPH-International Journal of Educational Research, 8(6), 23-42. https://doi.org/10.5281/zenodo.16266386