The Impact of Monetary and Non-Monetary Rewards on Job Performance of Executive Employees in Selected Large scale Commercial Leasing

Abstract

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Rewards and job performance are two popular concepts in the organizational context' Therefore, this study aimed to discuss the impact of rewards oa executive employees' job performance. Empirical research findings of the impact of moaetary and non-monetary reryards onthe job performance of exec:rtives inthe commercial leasing & frnance companies :re mre in nature aad it derived the research gap' Therefore' the problem of the study was .Does monetary and uon-monetary relyards effect to job performance of e:recutives in the commercial leasing & fmance companies in fti Lanka? The data were collected from a . couvenient sample of 78 employees irl coinmercial leasing and finance companies and data were collecJed. using a skUctrued questicnnaire, which consisted of 14 statemerts for the employee motivation alrd 17 statements for the job performance with five point Likert scales' Data were analyzed using uoivariate and bivariate with the sPss {Yersion 16)' Gse of the main research fmdings was that 3g.4%of variance of the job performance was explained by the monetmy rewards. sesond finding of the study was that 44'g% of varimce of the job perfomnance was explained by the non-moretary rewards' Then' the main conslusion of the study was that there is aa impact of monetary aad non-mouetar;l rewards on job perfo*ance of executives in the commercial lsasigg & finance companies in fti Lanka' The management of the companies has to give significant consideration for the nronetary and noa-monetary rewards of executives to improve their job performance