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The effectiveness of (non-)monetary bonus rewards on employees’ extrinsic motivation
| Content Provider | Semantic Scholar |
|---|---|
| Author | Driel, D. F. |
| Copyright Year | 2016 |
| Abstract | This thesis investigates which bonus type is most effective in increasing employees’ extrins ic motivation. More specifically, it explores if non-monetary bonus rewards result in higher motivational levels compared to monetary bonus rewards. In order to investigate this, a questionnaire survey was conducted. The valid sample consisted of 81 subjects. The main finding of this study is that only activity invitations (e.g., outdoor activities, theatre shows, soccer matches) are more powerful in increasing extrinsic motivation in comparison to monetary bonus compensation. None of the other bonus reward types used in this study provide similar effects. The results of the additional tests show that intangible non-monetary bonus rewards (recognition, promotion and schooling opportunity) are the most highly valued bonus category among employees. These findings have some implications for practice. Managers who have to design the bonus compensation scheme should consider to incorporate alternative types of bonus rewards into the bonus plan, next to monetary bonus rewards. The results suggest that activity invitations and intangible non-monetary bonus rewards can be valuable additions to bonus reward systems which already include cash bonuses. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://thesis.eur.nl/pub/36545/M136-Driel-371737.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
