The Impact of Non-financial Rewards on Employee’s Performance

Management

This study aims to explain and empirically test the impact of Non-financial Rewards on Employee’s Performance in selected finance companies in Batticaloa District. Accordingly, data were collected through open ended questionnaires from 150 employees in 20 finance companies in Batticaloa District. Hence, quantitative research approach was used in this study. The research method was descriptive correlative type and it was based on the objective of the method applied. The stratified sampling method was used to make the sampling frame work of the study. The data were analyzed by using univariate, multivariate analyses to take the descriptive and inferential statistics. The results indicated that the levels of non-financial rewards application and employee’s performance exist in selected finance companies in Batticaloa District were high level and non-financial rewards including career advancement, recognition and achievement had significant positive impact on employee’s performance while responsibility hadn’t significant positive impact on employee’s performance. The findings of the study provided several important implications for managers and decision makers of the finance company. The study was contributed to the body of knowledge by filling the gaps in the management literature and by substantiating the findings of previous research while the study generates considerable theoretical and practical contributions.

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