Evaluating the Impact of Financial Incentives for Employees of the Libyan Rural Bank

Abstract

This study aimed to clarify the impact and importance of types of financial incentives, and to evaluate the current status of the incentive system for bank employees, which included various categories of employees in the general administration of the Libyan Rural Bank, so that the problems and obstacles they face are identified, and to present a package of proposals and recommendations that can help increase.Individual performance and improving and developing the incentive system. The study was conducted on 71 individuals working at the bank, who occupy most of the senior, intermediate and lower administrative positions working in the general administration of the Libyan Bank. Therefore, a comprehensive survey was preferred over selecting a random sample representative of the research community. The most important results revealed by this study are the presence of a strong correlation between the general performance variable and other variables, and it is arranged in descending order as follows: material incentives, general satisfaction, then training and promotions. There is no correlation between the general performance variable and the variables of the impact of material and moral incentives on employees and attention to them. The perception of the study community's vocabulary was positive regarding phrases in the field of general job performance, phrases in the field of material incentives, and phrases in the field of the impact of material and moral incentives on employees. There are no statistically significant differences between the vocabularies categories of the research community regarding phrases in all fields related to gender, age, marital status, number of family members, educational level, housing, years of experience, or income, while there are only differences in the field of material incentives belongs to gender.