| Abstract: | This study was an objective to examine the effect of motivational factors on employee job
performance at Awash Insurance Share Company. The study adopted descriptive as well as
explanatory research design. The study collected primary data via a questionnaire from staff of
Awash Insurance Share Company at head office. The study sample covered 143 employees which
randomly selected. The data was analyzed using Statistical Package for Social Sciences (SPSS).
From statistical tools, descriptive statistics Pearson correlation, and multiple regressions were
used to identify motivational factors affecting employees’ job performance. The study results
revealed that employees' job performance level was moderate. Furthermore, the result shows
that the all-motivational factors (pay, bonus, stock ownership and commission, recognition,
promotion opportunities and working condition) that were studied explain 80.5% of the variation
in employee performance as represented by the R² value. According to the findings, six out of
the seven identified motivational factors examined in this study, namely: pay, bonus, stock
ownership and commission, promotion opportunities and working condition are significant in
predicting employee performance at Awash Insurance Share Company; whereas recognition is not
significantly affecting employee performance at the Company. Hence, it is recommended that the
company should enhance its employee performance by financial and non-financial motivational
scheme, should develop learning and career development, and create work-life balance and a
good working environment. |
