Effects of Financial Rewards Schemes on Public Employee Performance: A Case of Tanzania Civil Aviation Authority (TCAA).

Marwa, Simon Maigwa (2022) Effects of Financial Rewards Schemes on Public Employee Performance: A Case of Tanzania Civil Aviation Authority (TCAA). Masters thesis, The Open University of Tanzania.

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Abstract

The study sought to examine the effect of financial Rewards on employee performance at Tanzania civil aviation, the study was guided by four objectives; to determine the effect of profit sharing on employees’ performance, to determine the effect of bonuses on employee performance, to determine the effect of commission on employees’ performance and lastly to determine the effect of stock ownership on employee performance. The study was descriptive quantitative, where a cross-sectional survey was used on TCAA as a case study. 51 respondents were randomly selected from a population of 106. Descriptive statistics; means, standard deviation, maximum and minimum was used to analyse data. Pearson coefficient correlation was also used to test relationship between independent variables profit sharing, bonuses, commission and stock ownership on dependent variable employee’s performance. The study revealed that profit sharing, bonuses and stock ownership were found to have a strong positive and significant effect on employee performance while commission was found to have weak positive and significant effect on employee performance. Therefore, the study recommends that a work to be done in the HR policy makers of the government. Those in a responsible position to amend and implement the incentive policies have to see best benchmarking practices. Management should come up with short term employee attraction and retention mechanisms using commission, profit sharing and shares. The management needs to develop rightful incentive schemes that include a mix of both financial and non-financial incentives. Keywords: Financial Rewards Scheme, Public Employee Performance

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