Study on the relationship between incentive schemes on Employee’s Performance with Special Reference to AIA Insurance Lanka Plc. Karapitiya Branch

Payagalage Ayanthi Madumali

Abstract


Today many organizations offer incentives to motivate their staff with the aim of achieving motivating high employees’ performance. Those organizations use incentive scheme to increase labour productivity. This study investigates the relationship between incentive scheme on employees’ performance in AIA Insurance Lanka (plc) in karapitiya Branch. The study had the following objectives: to establish the relationship between financial incentives and employee performance and the relationship between non-financial incentives and employee performance. To achieve these goals, 60 employees in AIA Insurance (Karapitiya Branch) were selected and sixty structured questionnaires were designed based on the objectives. The theoretical framework has been drawn out by taking independent variable as incentive schemes and dependent variable as employee performance.

Hypotheses were developed to study the determinants and tested with SPSS and few hypotheses were accepted. According to the findings and discussions there is no significant relationship between financial incentive and employee performance and positive moderate relationship between financial incentive and employee performance for AIA Insurance Lanka (PLC). The study recommends the establishment of a unit to look at issues of incentives that will enhance employee performance. Finding of this study are useful for employers and policy makers of the organization.


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