This study delves into the intricate relationship between monetary incentives and workers' performance within the context of the Nigerian Automobile Industry. The objective is to discern the impact of various monetary incentive factors on employee performance while also investigating potential areas for enhancement. Through a meticulous examination of 120 completed questionnaires, the study identifies prevailing trends and disparities in the perception of monetary incentives among industry workers. The findings unveil a nuanced understanding of employees' familiarity with the elements and factors of monetary incentives, highlighting their comprehension of how these variables intertwine with their workplace performance. A critical observation is made concerning the incongruence between the societal image associated with workers within the Automobile Industry and the current salary structures. It becomes evident that salary adjustments are not conducted in alignment with the benchmark established by the Salaries and Wages Commission.