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Impact of Financial and Non-Financial Incentives on Employee Performance

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This research examines the impact of financial and non-financial incentives on nurse performance in a private hospital in Singapore. Financial and non-financial incentives play an important role in determining the quality of employee performance. Data was collected from nurses who worked in an operating theater department. The research concludes that financial and non-financial incentives have a strong influence on the respondents’ performance. Therefore, management of the hospital must place a good rewarding system that gives appropriate performance-based incentives. Monetary and non-monetary incentives would result in highly satisfied nurses who would then positively impact the hospital in the long run. The paper ends with a discussion and suggestions for future research.

Keywords: Employee Performance; Financial Incentives; Non-Financial Incentives

Document Type: Research Article

Affiliations: 1: Universiti Technology Malaysia (UTM), International Business School Level 10, Menara Razak, Jalan Semarak, 54100, Kuala Lumpur, Malaysia 2: Universiti Utara Malaysia, Othman Yeop Abdullah Graduate School of Business Universiti Utara Malaysia, 06010, Sintok, Kedah

Publication date: January 1, 2017

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  • ADVANCED SCIENCE LETTERS is an international peer-reviewed journal with a very wide-ranging coverage, consolidates research activities in all areas of (1) Physical Sciences, (2) Biological Sciences, (3) Mathematical Sciences, (4) Engineering, (5) Computer and Information Sciences, and (6) Geosciences to publish original short communications, full research papers and timely brief (mini) reviews with authors photo and biography encompassing the basic and applied research and current developments in educational aspects of these scientific areas.
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