FINANCIAL INCENTIVE AND EMPLOYEE MORALE

The study examined financial incentive and employee morale; the study of selected commercial banks in Akwa Ibom State. The specific objectives are to examine the effect of house allowance on employee productivity in the studied banks, to determine the effect of bonuses on employee performance in the studied banks, to ascertain the effect of car loan on employee efficiency in the studied banks and to examine the effect of salary increment on employee effectiveness in the studied banks. The population comprise of 2000 staff of First bank, Access bank, Eco bank and Zenith bank plc. The sample size for the study was 333. The study adopted purposive sampling technique to select sample from the population of the study. The stated hypotheses were analyzed simple regression. The findings of the study revealed that house allowance has positive and significant effect on employee productivity in the studied banks, bonuses has positive and significant effect on employee performance in the studied banks, car loan has positive and significant effect on employee efficiency in the studied banks and salary increment has positive and significant effect on employee efficiency in the studied banks. It was recommended that management of the studied banks should endeavor to come up with reward system that include house allowance, car loan, bonus and salary increment to enhance their productivity.