ASSESSING THE EFFECT OF NON-FINANCIAL REWARDS ON EMPLOYEE MOTIVATION: THE CASE OF ADDIS ABABA CHAMBER OF COMMERCE AND SECTORAL ASSOCIATIONS (AACCSA)

Abstract

The study sought to assess non-financial rewards on employee motivation in case of Addis Ababa Chamber of Commerce and Sectoral Associations employee. It examined Perceived Job Satisfaction, Work-Life Balance, Employee Well-Being, Training, and Recognition as factors affecting employee motivation. A quantitative research approach was employed. Quantitative data was gathered using survey questionnaire and a total of 85 respondents completed the questionnaires. Descriptive and inferential statistics were used to analyze the responses to find out the relationship between the independent and the dependent variables. Pearson correlation and regression were used as the main technique of data analysis to identify factors affecting employees’ motivation. The findings from correlation and regression analysis revealed that four of the selected independent variables (Job Satisfaction, Employee Well-Being, Training, and recognition) have strong positive correlation with Employee Motivation whereas Work-Life Balance has no correlation with the dependent variable. Similarly, the result form regression analysis shows that Employee Job Satisfaction, Employee Well-Being, Training, and Recognition are significant factors affecting Employee Motivation. However, Work-Life Balance is not significant positive factors affecting Employee Motivation. Finally, the study recommends that the organization and policy makers need to work hard towards improving employee’s motivation by considering significant determinants factors affecting employee’s motivation.