Employee Perception of Financial and Non-financial Reward as Elements of Job Performance Evaluation

Violeta Vidacek Hainš and Jasmina Bockaj
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Violeta Vidacek Hainš: Faculty of Organization and Informatics Varazdin, University of Zagreb, Croatia
Jasmina Bockaj: Faculty of Organization and Informatics Varazdin, University of Zagreb, Croatia

International Journal of Business and Administrative Studies, 2018, vol. 4, issue 2, 53-59

Abstract: Job evaluation methods are used for creating criteria for increasing employee motivation and raising job performance levels. There are different types of financial and non-financial rewards and benefits. The number of 196 employees in the tertiary sector of the economy were asked to evaluate the importance of job performance measurement. They were asked to evaluate their own experiences of receiving financial and non-financial benefits as well as elements of positive and negative motivation. Employee feedback was collected using a FNFRP Questionnaire which was designed for this research. Results show that employees consider job evaluation as an important part of receiving financial and non-financial benefits. Although employees considered job evaluation as having an important part in increasing job performance, the majority of employees dont have or have very little personal experience in receiving financial or non-financial reward. Employees reported that they faced the following factors for job motivation: independent working, a positive working environment, good technical equipment, opportunities to be creative, participating in decision-making, and receiving praise from their supervisors. These results could be implemented into company strategies for creating rewards and benefits as factors of job motivation.

Keywords: Job evaluation; financial rewards; non-financial rewards (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:apa:ijbaas:2018:p:53-59

DOI: 10.20469/ijbas.4.10002-2

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