Abstract
In many developing countries Performance-Based Pay rewards (PBP) are a solution for improving teacher motivation. This study tested examines how teachers in Edo State, Nigeria felt about monetary incentives to increase job performance. Random sampling was used selecting a 20% sample of 164 of 820 teachers. Participants completed a questionnaire, and the data were analyzed using the Pearson Product Moment Correlation Coefficient. The study confirms no significant relationship between monetary incentives and teacher performance. Some possible explanations are provided and conclude that the use of monetary incentives in education in the state of Edo, Nigeria should be further reviewed.
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