IMPACT OF INCENTIVES TO THE JOB PERFORMANCE OF EMPLOYEES ON SELECTED PRIVATE COMPANIES IN SAN PABLO CITY, LAGUNA

Abstract

Motivation plays a significant role in every worker’s job performance. In this study, monetary and non-monetary motivational factors were considered. The research focused on how this motivation, specifically working incentives, affects the job performance of employees of selected private companies in San Pablo City, Laguna, Philippines. Fifty-three (53) employees from private companies participated in the study. A quantitative research design was employed using an adopted survey questionnaire to measure the effects of incentives on job performance in terms of four dimensions: task, contextual, adaptive, and counterproductive work behavior. Average weighted mean and one-way ANOVA statistics analysis were utilized to determine the effects of incentives and the significant difference on the job performance of the employees. Based on the findings, it was concluded that giving incentives, especially monetary incentives significantly improved employees’ performances. Furthermore, it was found that there was a significant difference between the impacts of incentives to the employees’ job performance when employees were grouped to their preferred type of incentive. Thus, giving incentives to the employees is highly recommended, because the higher the financial incentives, the higher the motivation. As a result, worker morale will be greater and companies will profit better.