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Survey on the Impact of Financial Payment on Employees' Motivation Case Study: Ardebil Melli National Bank

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Author Affiliations

  • 1Department of Management, East Azarbaijan Science and Research Branch, Islamic Azad University, Tabriz, IRAN

Res. J. Recent Sci., Volume 2, Issue (8), Pages 72-78, August,2 (2013)

Abstract

This research was conducted by the aim of investigation of the impact of financial payment on employees’ motivation in Ardebil Melli (National) Bank. The statistical population involves 762 managers and employees of 56 branches of Ardebil National Bank that 164 individuals were selected in simple random sampling method. A questionnaire containing 27 statements was used for measuring financial payment among national bank branches employees. The reliability of the questionnaire was reported 0.84 according to Cronbach alpha coefficient. This research was conducted based on four hypotheses. The first and second hypotheses were confirmed and the fourth and fifth hypotheses were rejected according to x2 test. The results show that according to the table 6 of x2 test statistical analysis, factors influencing on employees motivation are current status and optimal status of salary and wage, extraordinary increase of employment, excess insurance, life insurance, use of organizational homes, sport facilities, salary increase, job benefits, financial rewards, mangers awareness of new styles and methods of financial payment. The results indicate that the statistical population tends to direct financial motivators to have better performance.

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