The study investigates the effects of incentives on employees' loyalty towards organisational management. It considers the types of incentives structure implemented for employees, and its probable effects on the performance and loyalty of employees to the management of an organisation. Data were collected through the administration of questionnaire to one hundred and twenty respondents, comprising thirty respondents; they were selected using convenience sampling from four organizations namely Sumal Foods Limited, Yale Foods Limited, Coca Cola Bottling Company, and Zartech, all located within Ibadan South west Local Government Area of Oyo State. Data collected were analyzed using descriptive statistics such as frequency counts, percentages, means and standard deviation. The findings revealed that the core of the respondents was within their active ages, with majority (65.8%) being married, (63.3%) having a household size of 3-5, and (79.2%) having postsecondary education. Majority (75%) were full time workers (53.3%), with 11 to 20 years of work experience, while 63.3% earned between ₦19,000 and ₦54,000 per month. The organisations provided tangible and intangible financial incentives to their employees with mean between 2.5-3.5. Respondents indicated that non-availability of all types of incentives will negatively affect loyalty and performance (mean between 3.0 and 3.3). Therefore, for sustained employees' loyalty and increased performance, adequate incentive packages should be available for workers of all categories.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.