THE EFFECT OF REWARD ON EMPLOYEES’ PERFORMANCE: IN THE CASE OF UNITED BANK OF ETHIOPIA

Abstract

The study sought to find out the effect of reward on employees’ performance in the United Bank of Ethiopia. The questionnaire was provided based on with the dimension of intrinsic and extrinsic rewards. To achieve the overall objective of the study data collected from employee of United Bank focusing on the head office. Accordingly, 62 respondents were participated in the study using stratified random sampling technique. Explanatory research design with multiple linear regression technique of data analysis was applied. Results revealed that payments, benefit, promotion, supervision, working condition job challenging and recognition have significant positive effect on employees’ performance. The overall result of the regression analysis shows that extrinsic and intrinsic rewards have significant and positive effect on employees’ performance in the United Bank. Accordingly United Bank management needs to give emphasis and due attention for all total rewards to improve the level of employees’ performance