REWARD MANAGEMENT AND JOB PERFORMANCE: EVIDENCE FROM TEACHING AND NON-TEACHING STAFF OF ADEYEMI FEDERAL UNIVERSITY OF EDUCATION, ONDO STATE, NIGERIA
Keywords:
Reward Management, Monetary Reward, Non-monetary Reward, Job Performance.Abstract
This study examined reward management and job performance in Adeyemi Federal University of Education, Ondo, Nigeria. Three research questions guided the study. A descriptive survey research design was adopted for the study. The sample size of this study was 105 teaching and non-teaching staff of Adeyemi Federal University of Education Ondo, selected through accidental sampling techniques. An 18-item questionnaire structured on a 4-point rating scale validated by two experts, one in Business education and one in Measurement and Evaluation was the instrument used for data collection. A test-retest measurement technique was used to determine the reliability of the instrument. A reliability coefficient of 0.79 was obtained through Pearson Product Moment Correlation Coefficient. The mean and standard deviation were used to analyses the data collected from the respondent. The findings showed that good working condition, free medical facilities, job security, promotion/training facilities, end of year bonus, annual increment, staff school/scholarship and housing facilities are the reward scheme available in the institution. The findings also showed that monetary and non-monetary rewards are predictors of job performance in tertiary institutions. The authors recommended, among others, that management of tertiary institutions and government should endeavor to use both monetary and non-monetary rewards in addition to providing other incentives that will help motivate employees for effective job performance.
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