EFFECT OF MONETARY AND NON-MONETARY REWARDS ON EMPLOYEE ENGAGEMENT OF NON TEACHING STAFF OF FEDERAL POLYTECHNIC BIDA

Abstract

This paper evaluated the effect of monetary and non-monetary rewards on employee engagement and firm performance at Federal Polytechnic Bida, Niger State, Nigeria. The research looked at the types of incentives (monetary and non-monetary) used in the institution, quality/quantity of incentives given to staff, and employees' involvement in designing the incentives. Five hundred (500) sample respondents were taken from both academic and non-academic personnel. Statistical analysis was carried out using percentages. Results showed that these aspects have a major effect on employees' achievement and stimulate them to do their best toward meeting Polytechnic objectives. On this basis, it has been suggested that management should keep improving staff incentives with regard to their benefits; that employees must continue to be part of incentive package formation; and that rewards should be distributed based on performance levels in order to promote competition/performance among staff
members.