Incentive Package, Employee’s Productivity and Performance of Real Estate Firms in Nigeria

Abstract

The level of motivation received by an employee as reflected in the satisfaction with the base pay package and other incentives goes a long way to influencing the employees’ attitude to work, loyalty, performance and job satisfaction. Employee’s motivation and organization performance has been investigated across different fields and economic sectors. This study takes it further by examining incentive package, employees and organization productivity in real estate firms in Nigeria. Panel survey approach was adopted and three questionnaires administered in each of the one hundred and seventeen (117) estate firms in Ikeja, Victoria Island and Lekki Area of Lagos State. Respondents were two employees and one other in employers’/management capacity. Descriptive tools such as frequency and percentage were used to identify and determine the proportion of firms that make use of incentive package/option while a 5-point Likert scale and ranking were used to determine and rank the options in order of importance among these firms. Panel data regression model was used to determine the strength of relationship between firms’ performance/productivity and incentives whilst holding other factors constant. Findings showed amongst others that there is strong positive correlation between incentive and employee productivity, employees are largely dissatisfied with the incentives offered by majority of estate firms and that incentive package is not the most important determinants of performance in real estate firms. The study therefore concludes that employers in real estate firms pay attention to other factors identified and review remuneration and incentive package to boost the morale of their employees for better performance.

Analysis of Employee Performance in The Department of Education and Culture, Lubuklinggau City

“…The first hypothesis of this study is "giving incentives / additional employee income has a positive effect to employee performance at The Department of Education and Culture of Lubuklinggau City" proven correct and the hypothesis is accepted. The results of this research are also supported by opinions Oloke, Oni, Babalola, & Ojelabi (2017) bahwa incentive is something that stimulates interest in work. Lazear (2018) reporting that the incentive to be the basic motivation for most people to become employees in a particular organization is to earn a living which in the end will expect to receive a certain reward.…”

“…The rewards can be in the form of salary, compensation, or incentives. According to Oloke, Oni, Babalola, & Ojelabi (2017), the incentive is something that stimulates interest in work. Other experts also define incentives as a motivation that encourages employees to work optimally, which is intended to earn additional income beyond predetermined salary (Cainarca, Delfino, & Ponta, 2019).…”

“…Someone doing an action generally has a motive. Oloke, Oni, Babalola, and Ojelabi (2017) stated work motivation as the willingness to make high efforts to achieve organizational goals that are adjusted by the ability to meet certain individual needs. Bastari, Ali and Hamidah (2020) argued that work motivation is psychological processes that generates and direct behavior towards goal.…”

Monitoring dan Evaluasi Kinerja Karyawan menggunakan Algoritma Simple Additive Weighting dan Hungarian

“…produktivitas yang tinggi dan juga mendorong perilaku kerja yang baik [2]. Selain itu perusahaan perlu memberikan suatu apresiasi kepada karyawannya [3] dapat berupa insentif dan juga kenaikan gaji [4] agar dapat mendorong kemajuan bagi perusahaan.…”

Implementasi Kebijakan Bantuan Operasional Penyelenggaraan Pendidikan pada Masa Pandemi Covid-19

“…Sistem akuntabilitas harus menyertekan atau menyediakan sistem insentif bagi para petugas pelayanan, manajer program dan mungkin juga masyarakat yang dilayani. Pernyataan tersebut diperjelas oleh Matocchio(Oloke et al, 2017) dalam sebuah jurnal European Scientific Journal menjelaskan: the concept of incentives defining it as compensation, other than basic wages and salaries that fluctuates according to employees' attainment of some standard, such aspre-determined benchmark, individual or group goals or organizational earning. The level of motivation received by an employee as reflected in the satisfaction with the base pay package and other incentives goes a long way to influencing the employees' attitude to work, loyalty, performance and jobsatisfaction.…”