The study aimed to investigate the influence of extraneous motivators
on the performance of staff in Tanzanian microfinance institutions. Data from
98 non-deposit-taking microfinance institutions in Arusha was analyzed using
descriptive statistics and Pearson Coefficient Correlation to assess the impact
of incentives, rewards, and salary packages on employee performance. The
findings indicated that employee incentives, prizes, and salary packages
significantly influenced staff performance, emphasizing the importance of
extrinsic motivators in encouraging workers to perform effectively. The study's
implications for practitioners and policymakers in the microfinance industry
were highlighted, emphasizing the need to enhance extrinsic incentives to
motivate employees. The study also recommended further research to explore a
comprehensive list of factors influencing employee performance and broaden the
geographic scope beyond the Arusha region.
Author(s) Details:
Stephen Jeuma Bakari,
Sokoine University of Agriculture, P.O. Box 3000, Morogoro,
Tanzania.
Please see the link here: https://stm.bookpi.org/CRBME-V6/article/view/14356
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