Impact of Monetary Incentives on Employee’s Motivation: Shinas College of Technology, Oman - A Case Study

Abstract

PURPOSEThe 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. METHODOLOGYThe 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. FINDINGSThe 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 IMPLICATIONSThe 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 IMPLICATIONSThe 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/VALUENo 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/IMPLICATIONSThe 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.

The Influence of Incentive towards their Motivation and Discipline (A Case Study at Rectorate of Andalas University, West Sumatera, Indonesia)

“…Schuler and Jackson (1999) said that the incentive can be used to motivate the employee in improving the productivity or to get the high performance. The theory is supported by the result of Al-Belushi and Khan (2017) stated that incentive has a direct effect to work motivation. An interesting financial incentive will improve almost all employees' work motivation.…”

Employee and Organizational Performance: Impact of Employee Internal and External Factors, Moderated by Online Application

“…Training has a positive impact on organizational performance by employee performance. Incentives, salaries or rewards from companies are external factors that employees receive and influence personal performance (Groen et al, 2016;Hameed et al, 2014;Panjaitan, 2015;Atambo et al, 2013;Al-Belushi & Khan, 2017).…”

“…In this study, Training measured by two dimensions is (1) first training, and (2) development are adopted from Sharma (2016) and Falola et al (2014). While incentive measured by (1) commission, (2) bonus, and (3) health allowance, are adopted from Hameed et al (2014) and Al-Belushi & Khan (2017). The implementation of the online transport application as a moderating variable is measured by the driver's perception of (1) easy and (2) use according to TAM of Davis (1989) and ETAM from Sicotte (2015) described by Taherdoost (2018).…”

Performance of Commission Recipient: Impact of Discipline, Motivation, Training and Incentive

“…Because the business unit of this research is taxi drivers who work with the commission system, the insetive research is all that is received by the driver in the form of money or other benefits. Adopting the research of Al-Belushi and Khan (2017), Groen et al (2016), Hamid et al 2014, Hameed et al (2014), incentives in this study were measured using 1) Commission, 2) Bonus, and 3) Health Insurance.…”

“…,Groen et al (2016),Salem and Abden (2017), Al-Belushi andKhan (2017),Kumara and Utama (2016),Sharma (2016),Hatane (2015), Kuzu and Ozilhan (2014),Khan et al (2014) , Baht (2013) the performance of the research was measured by 5 indicators, they are 1) Amount of delivery, 2) Minimization of cost, 3) Passenger comfort, 4) Score of Customer, and 5) Traffic Jump.…”