The effect of motivation on employee productivity (A case study private bank in Kurdistan regional government)

This study was purposely conducted to analyze the outcome that motivation has on the performance of workers where private banks in the Kurdistan regional government were used. Motivation comes in handy for a firm that wishes to attain its goals and prospects. When the workers are motivated, they improve their commitment to the firm’s objectives and so it is the duty of every firm to incorporate the various motivating factors in their system. This study was based on the analysis of the impact of goals, monetary incentives, and recognition and rewards on the worker’s performance. A descriptive research style was used where a sample of 130 employees from the various private banks made up the sample. Questionnaires were used to collect data which was then analyzed and presented on graphs, tables, and charts. The study found that goals were widely used as motivators in banks. It also found out that the employees were dissatisfied with the salaries they were getting. The recognition and reward systems were also inequitable. The study concluded that the employees in the private banks were not well motivated and recommendations to increase motivation were given.