THE IMPACT OF NON-MONETARY INCENTIFICATION ON STAFF PRODUCTIVITY: CASE STUDY OF BANKING SECTOR BAHRAIN
Mariam Shukri Ali
Incentives, whether monetary or non-monetary, is considered to be one of the major tool for motivating the employees of an organization. The increasing globalization and implementation of the advanced technology in the workplace drives the organization to struggle for achieving competitive advantage. Thus, in regards to this issue, the majority of the organizations have made the system of rewards and recognitions the major tool to enhance the productivity of the organization through the enhancement of productivity among the employees.
This study focuses on the impact of non-monetary incentification on the increment of the productivity among the employees of the various banking sector in the Kingdom of Bahrain. It also aims to study the impact of non-monetary incentives on the basis of the major factors such as the employee productivity, rewards and recognition, employee engagement, job innovation and job requirement. To accomplish this aim, the use of quantitative method was done focusing on the various employees of the commercial banks and Islamic Bank in Bahrain.
The empirical study provided with the positive result that non-monetary incentives have the major potential to raise their productivity to the largest extent. It was also found that the rewards and recognitions lead towards the creation of innovative ideas and development of newer techniques in the workplace.
KEYWORDS: non-monetary incentives, employee productivity, employee engagement, job innovation, rewards and recognition, job requirement