oa Journal of Economic and Financial Sciences - The impact of incentive schemes on employee productivity in the South African workplace
|Article Title||The impact of incentive schemes on employee productivity in the South African workplace|
|© Publisher:||University of Johannesburg|
|Journal||Journal of Economic and Financial Sciences|
|Affiliations||1 University of Johannesburg|
|Publication Date||Jul 2015|
|Pages||633 - 647|
|Keyword(s)||Dimensional relationships, Employee productivity, Finance-based incentive schemes, Firm-based estimation model, Gender-mix, Labour, Non-financial incentive schemes and Skill levels|
The aim of this article is to determine the impact that various incentive schemes have on employee productivity in the South African workplace. A firm-based model is used to estimate the dimensional relationships (different skill levels, gender-mix, firm size, firm-sponsored training incentives) of the incentive scheme-employee productivity link. The main conclusions of the study are, firstly, that finance-based incentive schemes (especially performance-linked bonus schemes) have a greater positive impact on employee productivity for the higher-skilled segment, secondly, that non-financial incentives (especially consultative committee incentive schemes) have a greater positive impact on employee productivity for the lower-skilled segment, and, finally, that greater female participation in the workplace and the awarding of incentive schemes is important if general employee productivity is to be enhanced.
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