Intricacies of Connection between Incentives and Employee Productivity

Both financial and non-financial incentives play a major role in influencing the productivity of the employees as they act as strong motivators for the people to work and aspire for higher productivity. The study intends to find out the financial and non-financial incentives awarded to employees at Mangalore Catholic Cooperative Bank Limited (MCC Bank Ltd.), which will have an influence on employee productivity. It was found that a variation in the incentive structure will have an impact on the level of productivity. The combination of both financial and non-financial incentives is responsible for the overall productivity of the employee, which results in feelings of belonging to the organisation. Thus it is essential to reward employees at the right time by revising the compensation structures and performance appraisal systems to motivate employees.