MONETARY INCENTIVES AND WORKERS’ PERFORMANCE: A STUDY OF CROWN FLOUR MILLS, CHIKUN LOCAL GOVERNMENT KADUNA STATE

ZAKWAI, Shekwaga
Department of Business Education
Kaduna State College of Education
Gidan Waya, Kafanchan, Kaduna State
shekwaga@yahoo.com
ZAKWAI, Shekwonya
Department of Economics
Kaduna State College of Education
Gidan Waya, Kafanchan, Kaduna State
shekwonyazakwai@yahoo.com
ABSTRACT
Monetary incentives is a powerful determinant of employee’s performance, which in turn, lead to higher
level of firm performance. This paper examined monetary incentives and relationship with workers’
performance in Crown Flour Mills in Kaduna State. The study adopted a survey research design. The
population of the study was 678, and a sample size of 251 was arrived using Taro Yamane formulae.
The instrument for data collection was a close-ended structured questionnaire. Pearson product
moment correlation was used to test the hypothesis. The result showed that there is a significant
relationship between monetary incentives and workers performance. The study therefore recommend
among others, that management should identify the main monetary incentive motivate employees. This
should also be based on individual differences and needs.
Keywords: Incentive policy, monetary incentives, workers’ performance, salary and wages, special
benefits
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