Quality-of-life issues consistently come up when workers are polled on what they look for in a job, and managers recognize the benefits of a happy and productive workforce.
A compensation system is based on the expectancy theory, which suggests that employees are more likely to be motivated to perform when they perceive that there is a strong link between their performance and the reward they receive Fey and Bjorkman, ; Guest, ; Mendonca, Aspects of non-financial compensation include workplace environment, career development, training, employee empowerment and participation.
This study aimed at establishing the effect of non-financial compensation on employee performance of micro finance institutions in Kenya with special reference to WakenyaPamoja Sacco in Kisii County - Kenya.
The study was guided by the following objectives: It was the intention of this study that upon realization of the objectives, the findings of this research study would be of great significance to researchers and scholars, the government and the existing body of knowledge related to the field of study in improving the overall employee performance and operations of the microfinance institutions.
This study was done in the month of December The target population was determined using a census survey method since the population under study was small.
All the 65 employees of WakenyaPamoja Sacco-Kisii participated in the study. To collect data, the researcher used questionnaires which were distributed to all respondents.
To ensure validity, a pilot study was done. For reliability, questions were discussed with the supervisors prior to collection of data. The data was then analyzed both quantitatively and qualitatively. The study established that indeed the Micro finance industry especially WakenyaPamoja Sacco-Kisii, does employ Non-financial compensation and incentives to motivate employees, drive up their performance as well as to retain staff.Act No.
of as amended, taking into account amendments up to Public Governance and Resources Legislation Amendment Act (No.
1) An Act about the governance, performance and accountability of, and the use and management of public resources by, the Commonwealth, Commonwealth entities and Commonwealth companies, and for related purposes.
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The Investor Relations website contains information about UPS's business for stockholders, potential investors, and financial analysts. effect of non-financial compensation on employee performance of Micro Finance Institutions in Kenya.
Objectives of the Study The general objective of the study was to establish the effect of non-financial compensation on . Risk is the possibility of losing something of value. Values (such as physical health, social status, emotional well-being, or financial wealth) can be gained or lost when taking risk resulting from a given action or inaction, foreseen or unforeseen (planned or not planned).Risk can also be defined as the intentional interaction with uncertainty.