Impact of Financial Incentives on Performance of Employees in Jordanian Commercial Banks and its Reflections on Jordanian Economy: A Field Study

Author(s)

Khaled Abdalla Mohd Al-Tamimi ,

Download Full PDF Pages: 39-48 | Views: 1693 | Downloads: 466 | DOI: 10.5281/zenodo.3474569

Volume 7 - January 2018 (01)

Abstract

this study aimed at investigating the impact of financial incentives on the performance of employees of Jordanian commercial banks and its reflections on the Jordanian economy, as well as identifying statistically significant differences in respondents ratings of the effect of financial incentives on their performance. The study sample consisted of (76) randomly selected employees in Jordanian commercial banks. Furthermore the study employed descriptive analytical approach and the following results: 1-The existence of a statistically significant relationship between an effective incentive system and employees performance in these banks; 2 the existence of a statistically significant relationship between reward system and employees performance level in the banks; (3) The existence of a statistically significant relationship between linking performance appraisal results as a basis for granting incentives and employees performance in these banks; (4) The existence of a statistically significant differences in employees performance level, due to their gender, age, marital status, and years of experience

Keywords

Financial incentives, Rewards, Commercial banks, Performance concept, Employees performance

References

       i.            Abdel Jaleel, Rashed Mohammed (2000). Strategy for the Integration of Human Resources Management PO Box 292, Dar Al Fikr for Printing, Amman, Jordan.

ii.            Abu-Alqah, Essam Eddin Amin (2002). Department of public organizations, P.O Box(270), Jarir Bookstore, Abu Dhabi.

    iii.            Al -Akish, Alaa,( 2007) .The System of Incentives and Remuneration and its Impact on Improving Functionality in the Ministries of the Palestinian Authority in the Gaza Strip, master Thesis, Islamic University, Gaza.

     iv.            Al -Badi,Yousef Hamad (2008). Managers skill in using incentives to raise the level of performance of Oman oil company employees. Master thesis, British Arab academy for higher education, Sultanate of Oman.

       v.           Al-Jassasy,(2011). The impact of material and moral incentives on improving the performance of employees in the Ministry of Education in the Sultanate of Oman, master Thesis, British Arab Academy for Higher Education, Sultanate of Oman.

     vi.            Al- Kharraz, Ali Mubarak (1987). Incentives and their impact on workers, P.O- Box(125), Dar Al Haq, Muscat.

vii.           Al-Mutairi, Jabir Hadiris Mishleh (2005). The skill of the administrative leader in the use of incentives to raise the performance of the public security man, unpublished master thesis, Naif University for Security Sciences, Riyadh, Saudi Arabia.

 viii.           Al-Qaryouti, Mohammed Qasem (2006). Principles of management theories,Processes, and Functions pp. 279-281, Dar Wael Publishing, Amman, Jordan.

    ix.            Awwad,Baker,and Odeh, Mahmoud (2011) .The effect of incentives on Nablus specialist hospital, master thesis, Najah National University, Nablus, Palestine.

x.            Awwad,Tre Ahmad , (2005). The system of measuring the functionality of PNA employees -applied study on the Gaza Strip, master thesis, Islamic university, Gaza.

  xi.            Hamzawi,Mohamed Sayed (1987). Management of human resources in government departments,p. 115, University press house, Cairo, Egypt.

   xii.            Hasan,Rawia (2000). Human resource management P.O Box( 209), Alexandrina, university library, Egypt.

 xiii.            Maher,Ahmed (2010). Pay and compensation systems _248-250, Al Dar Al-Jamiah, Egypt.

  xiv.           Shaweesh, Mostafa Najib (2005). Human resource management - Personnel management, PO Box 208, Dar Al Shorouq, Amman, Jordan.

 

Cite this Article: