THE EFFECT OF MOTIVATIONAL PACKAGE ON THE PERFORMANCE OF EMPLOYEES: THE CASE OF DASHEN BANK

Abstract

The purpose of this study was to investigate the effect of motivational package on employee’s performance in Dashen Bank. Purely primary data sources were used in the study. The techniques used for sampling were stratified sampling. The 312 chosen respondents were asked to complete a Likert scale questionnaire that was created to gather important information. 287 of them were among the ones that were returned and examined. Explanatory research designs were used. Using SPSS, descriptive, correlation, and regression analyses were conducted. Multiple regressions result also indicated that all variables except Stock Grants had caused a statistically significant effect on employees’ performance. In terms of the degree of correlation, Career Development Opportunity (β=0.231), Salary Increment (β=0.346), Management Style (β= 0.194), Assigning New Roles (β= 0.134), and Workplace Recreation (β=0.428) had positive correlations with employee performance. Besides, Participation had negative correlations with employee performance (B = -0.164). Based on the findings of the study, it is recommended that Dashen Bank emphasize the above-determining factors as they significantly affect employee performance by customers. It also demonstrated that 73.1% of the variation in employee performance can be explained by the independent variables used in the study