ASSESSMENT OF REWARD PRACTICES AT COMMERCIAL BANK OF ETHIOPIA

Abstract

This thesis was designed to assess financial and non-financial reward practice in commercial bank of Ethiopia (CBE WEST ADDS ABABA DISTRICT(WAAD). Data were collected through questionnaire prepared based on various scholar’s work. The validity of the instrument was checked by the organization’s HR professionals. Besides, internal consistency of the instrument was measured using Cronbach Alpha and the result was 83.2%. 125 questionnaires were distributed to the sample respondents who are working in west Addis Ababa district in the 15 branches. Of the total distributed questionnaires 122 usable questionnaires were returned which is about 97.6% response rate. Descriptive statistics and frequencies were utilized to analyze the data. Interpretation is made on the mean, frequency, and percentage of the data. The study’s result has implied that employees of the bank are not motivated by the bank’s reward practice. The bank’s reward practice mainly consists of financial rewards. Besides results have shown that respondents have felt unfair and injustice in the bank’s reward practice. Employees like to be consulted what they need most when they perform better. Finally, the researcher’s lack of prior experience in conducting systematized research, lack of awareness among our society to fill out questionnaires with due care and return on time and absence of prior works on the subject matter in Ethiopian context would have some impact on the results of the study that will call up for other researchers to prove the reliability of this study.