Abstract
Employees seek employee incentive strategies to assure the organization's long-term development. Extensive research has examined the function of Performance Related Pay (PRP) and Level of Motivation (LoM) in sustaining organizational development. Assessment is significant due to the fact that it is a hotly contested research topic and an essential topic for academic and business discussions. Thus, this study empirically demonstrates the significance of PRP and LoM to organizational growth. The findings are applicable to ABL and Bank Al-Falah, the two largest financial institutions in Pakistan. Two Pakistani institutions comprise the specified context. Even though the PRP literature describes numerous scenarios for developed economies, traditional industries in developing economies receive scant attention. A multiple regression analysis revealed that PRP and LoM have a significant, positive effect on organizational growth. The article also discusses theoretical and managerial implications.
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