African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4036

Article in Press

Incentives as Correlates of Employees’ Loyalty towards Management in Organisation

*Idowu, H.A.O.; Soyebo, K. O. and Adeoye, E.A.

  •  Received: 27 September 2017
  •  Accepted: 11 September 2018
The study investigated the effects of incentives on employees’ loyalty towards organisational management. It considered the types of incentives structure implemented for employees, and its probable effects on the performance and loyalty of employees to the management of an organisation Data were collected through the administration of questionnaire to one hundred and twenty respondents, comprising thirty respondents each selected using convenience sampling from four organizations namely Sumal Foods Limited, Yale Foods Limited, Coca Cola Bottling Company, and Zartech, all located within Ibadan South West Local Government Area of Oyo state. Data collected were analysed using descriptive statistics such as frequency counts, percentages, means and standard deviation. The findings revealed that the core of the respondents were within their active ages with majority (65.8%) being married, (63.3%) having a household size of 3-5, and (79.2%) having post-secondary education. Majority (75%) were full time workers, (53.3%) having 11-20 years of work experience while (63.3%) earned between ₦19,000 and ₦54,000 per month. The organisations provided tangible and intangible financial incentives to their employees with mean between 2.5-3.5. Respondents indicated that non-availability of all types of incentives will impact negatively on loyalty and performance (mean between 3.0 and 3.3). Therefore, for sustained employees loyalty and increased performance, adequate incentive packages should be available for workers of all categories.

Keywords: Incentives, Employees' Loyalty, Organisational Management