EMPLOYEE PERCEPTION ON THE IMPACT OF REWARD SYSTEM ON EMPLOYEE PERFORMANCE IN FIRS LAGOS, NIGERIA
Onwuatuelo E. Sandra, Okoye K. Chidozie and Dr.Ringim J. Kabiru
Volume 2 Issue 2
Abstract
This study examined the reward system and its impacton employee performance in the Federal Inland Revenue service Lagos. The study focused on Primary source of data collection. Structured questionnaires were administered to 57 respondents through a web link whomade up the population of the study. The Taro Yamane formula is used to get the actual sample size based on the population at 95% confidence interval and 5% error margin. The study employed Spearman rank correlation (rho) for the bivariate correlation analyses. The results revealed that there is a positivesignificant relationship between Job Promotion and employee performance in the Federal Inland Revenue Service Lagos. It also shows bonuses have an impact on employee performance in the Federal Inland Revenue Service Lagos. The study, therefore, recommends that FIRS Lagos should give rewards such as Job promotion and Bonus strictly on merit; it would go a long way in reducing dissatisfaction associated with reward allocation since employees usually compare their rewards with both internal and external referents. Also, FIRS Lagos should set adequate and measurable policies on reward system as this will help to improve the performance of the workforce in the organisation. Keywords: Bonus, Performance, Promotion,
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