| Abstract: | This study investigates the impact of incentives and compensation on project success within WAAS
International PLC. The primary objective is to assess the role of various incentive and
compensation elements in influencing employee morale, satisfaction, and project success. Using a
Concurrent research design and a combination of quantitative and qualitative methods, including
surveys and interviews to gather comprehensive data. the study targets all 107 employees of WAAS
International PLC. The study shows that predictor variables consisted 69.2 of adjusted R square
shows that 69.2% of project success is explained by variations in five predictor variables,
indicating a significant positive relationship between these variables and employee motivation.
Key challenges identified include a lack of both financial and non-financial incentives, inadequate
recognition, and uncompetitive compensation packages. The current reward system fails to
effectively incorporate diverse incentives, leading to reduced employee loyalty and commitment.
Additionally, the infrequent updating of compensation packages hampers the attraction and
retention of competent employees. The study concludes that aligning the incentive system with
project goals and implementing a comprehensive compensation package can enhance employee
job satisfaction and project success. Recommendations include, Reviewing and updating the
company compensation system, offering competitive financial incentives, enhancing non-financial
incentives through recognition programs, tying incentive programs to specific project goals,
improving communication and offering training opportunities These measures are essential for
designing competitive compensation and incentive schemes to optimize employee productivity,
satisfaction, and organizational goals. |
