The impact of monetary and non-monetary motivation on employees' performance: a case study of Hyderabad Electric Supply Company

TLDR: In this article , the authors identify the impact of monetary and non-monetary motivational factors on the performance of the employees of HESCO, Hyderabad, Pakistan, and conclude that in monetary motivation factors, salary and promotion have positive influence, whereas bonuses have negative impact on employee's performance.

Abstract: The aim of this research study is to identify the impact of monetary and non-monetary motivational factors on the performance of the employees of HESCO, Hyderabad, Pakistan. A sample of 217 questionnaires were distributed and filled up by the employees at the head office of HESCO which were based on two sections. On the other hand, descriptive statistics, multi-collinearity, correlation and multiple regression analysis were analysed by SPSS. Researcher concludes that in monetary motivation factors, salary and promotion have positive influence, whereas bonuses have negative impact on employee's performance; in non-monetary motivation factors, job security, recognition and appreciation have positive impact, whereas working conditions have negative impact on employee's performance.