INFLUENCE OF FINANCIAL REWARDS ON EMPLOYEE PERFORMANCE IN THE STATE CORPORATIONS IN KENYA

Regina Wairimu Kamwenji, Dr. Patrick Karanja Ngugi, PhD, Dr. Mary Kamaara, Professor Romanus Odhiambo

Abstract: Kenya aspires to attain sustained and high growth in economy in line with employment by the government, creating wealth and reducing poverty to conform with 2030 vision. To achieve this, the public sector which is the biggest employer must monitor the performance of its employees. The main objective of the study was to establish the influence of financial rewards on Employee Performance in the State Corporations in Kenya. The study was guided by three theories which include; Abraham Maslow’s, Hertzberg’s, Vrooms’ expectancy, scientific management, Adams Equity Reinforcement and goal setting theories. The study used descriptive and explanatory research designs and targeted 6 respondents from the 107 sampled state corporations totaling to 642. The study undertook a pilot study to pretest and validate the questionnaire. The probability and non-probability sampling was adopted and the study used stratified sampling and purposive sampling. The findings showed that financial rewards moderately influence employee performance. The study recommends that organizations should seriously and keenly consider reward management practices such as pay rise to promote a healthy competition among the employees as each will strive to work harder and give result in order to receive better pay or increase in their salary.

Keywords: Reward Management Practices, Financial Rewards, Employee Performance, State Corporations.

Title: INFLUENCE OF FINANCIAL REWARDS ON EMPLOYEE PERFORMANCE IN THE STATE CORPORATIONS IN KENYA

Author: Regina Wairimu Kamwenji, Dr. Patrick Karanja Ngugi, PhD, Dr. Mary Kamaara, PhD, Professor Romanus Odhiambo

International Journal of Social Science and Humanities Research  

ISSN 2348-3156 (Print), ISSN 2348-3164 (online)

Research Publish Journals

Vol. 7, Issue 2, April 2019 – June 2019

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INFLUENCE OF FINANCIAL REWARDS ON EMPLOYEE PERFORMANCE IN THE STATE CORPORATIONS IN KENYA by Regina Wairimu Kamwenji, Dr. Patrick Karanja Ngugi, PhD, Dr. Mary Kamaara, Professor Romanus Odhiambo