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International Journal of Economics & Management Sciences

.: Home > International Journal of Economics & Management Sciences > 2010 > Volume 1 Number 4 > OJOKUKU, Roseline, Moyosore. (Ph.D)1 and OYEDOKUN, Akintunde, Jonathan. 2

Efficacy Of Financial Incentives – An Assessment Of Medium Scale Entrepreneurial Firms.

OJOKUKU, Roseline, Moyosore. (Ph.D)1 and OYEDOKUN, Akintunde, Jonathan. 2
1 Ladoke Akintola University of Technology,Department of Management and Accounting, Ogbomoso, Nigeria. 2Ladoke Akintola University of Technology,Department of Management and Accounting, Ogbomoso, Nigeria. E-mail: akinteddy@yahoo.com
Abstract :

The paper examined the efficacy of financial incentives in motivating employees of ICT medium scale enterprises. Seven financial incentives (profit sharing, bonus, premium pay, stock options, cash bonus, and commission and retirement savings incentives) were examined in the paper. Convenience sampling techniques was adopted with a sample size of 167. Descriptive tools involving percentages, frequency distributions and cumulative frequency was used to analyze the data. The result confirmed that cash bonus, premium pay and profit sharing constitute the effective financial incentive entrepreneurs used in motivating their employees. Senior staffs of the establishment were found to be the major beneficiary of retirement savings incentives. 

Keywords :
Financial Incentives, Convenience, Entrepreneur, Efficacy.

Date Deposited : 15 Jun 2016 20:02

Last Modified : 15 Jun 2016 20:02

Official URL: http://www.omicsonline.com/

Volume 1, Number 4, April 2010 , ISSN 2162-6359

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