The impact of incentive schemes on employee productivity in the South African workplace
The aim of this article is to determine the impact that various incentive schemes have on employee productivity in the South African workplace. A firm-based model is used to estimate the dimensional relationships (different skill levels, gender-mix, firm size, firm-sponsored training incentives) of...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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AOSIS
2015-07-01
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| Series: | Journal of Economic and Financial Sciences |
| Subjects: | |
| Online Access: | https://jefjournal.org.za/index.php/jef/article/view/113 |
| _version_ | 1819062503638827008 |
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| author | Gerhardus Van Zyl |
| author_facet | Gerhardus Van Zyl |
| author_sort | Gerhardus Van Zyl |
| collection | DOAJ |
| description | The aim of this article is to determine the impact that various incentive schemes have on employee productivity in the South African workplace. A firm-based model is used to estimate the dimensional relationships (different skill levels, gender-mix, firm size, firm-sponsored training incentives) of the incentive scheme-employee productivity link. The main conclusions of the study are, firstly, that finance-based incentive schemes (especially performance-linked bonus schemes) have a greater positive impact on employee productivity for the higher-skilled segment, secondly, that non-financial incentives (especially consultative committee incentive schemes) have a greater positive impact on employee productivity for the lower-skilled segment, and, finally, that greater female participation in the workplace and the awarding of incentive schemes is important if general employee productivity is to be enhanced. |
| first_indexed | 2024-12-21T14:59:49Z |
| format | Article |
| id | doaj.art-125d3ed47b0c4cc49c2c5ef0fbe91549 |
| institution | Directory Open Access Journal |
| issn | 1995-7076 2312-2803 |
| language | English |
| last_indexed | 2024-12-21T14:59:49Z |
| publishDate | 2015-07-01 |
| publisher | AOSIS |
| record_format | Article |
| series | Journal of Economic and Financial Sciences |
| spelling | doaj.art-125d3ed47b0c4cc49c2c5ef0fbe915492022-12-21T18:59:37ZengAOSISJournal of Economic and Financial Sciences1995-70762312-28032015-07-018263364710.4102/jef.v8i2.113110The impact of incentive schemes on employee productivity in the South African workplaceGerhardus Van Zyl0University of JohannesburgThe aim of this article is to determine the impact that various incentive schemes have on employee productivity in the South African workplace. A firm-based model is used to estimate the dimensional relationships (different skill levels, gender-mix, firm size, firm-sponsored training incentives) of the incentive scheme-employee productivity link. The main conclusions of the study are, firstly, that finance-based incentive schemes (especially performance-linked bonus schemes) have a greater positive impact on employee productivity for the higher-skilled segment, secondly, that non-financial incentives (especially consultative committee incentive schemes) have a greater positive impact on employee productivity for the lower-skilled segment, and, finally, that greater female participation in the workplace and the awarding of incentive schemes is important if general employee productivity is to be enhanced.https://jefjournal.org.za/index.php/jef/article/view/113employee productivityfinance-based incentive schemesnon-financial incentive schemesfirm-based estimation modeldimensional relationshipsskill levelsgender-mixlabour |
| spellingShingle | Gerhardus Van Zyl The impact of incentive schemes on employee productivity in the South African workplace Journal of Economic and Financial Sciences employee productivity finance-based incentive schemes non-financial incentive schemes firm-based estimation model dimensional relationships skill levels gender-mix labour |
| title | The impact of incentive schemes on employee productivity in the South African workplace |
| title_full | The impact of incentive schemes on employee productivity in the South African workplace |
| title_fullStr | The impact of incentive schemes on employee productivity in the South African workplace |
| title_full_unstemmed | The impact of incentive schemes on employee productivity in the South African workplace |
| title_short | The impact of incentive schemes on employee productivity in the South African workplace |
| title_sort | impact of incentive schemes on employee productivity in the south african workplace |
| topic | employee productivity finance-based incentive schemes non-financial incentive schemes firm-based estimation model dimensional relationships skill levels gender-mix labour |
| url | https://jefjournal.org.za/index.php/jef/article/view/113 |
| work_keys_str_mv | AT gerhardusvanzyl theimpactofincentiveschemesonemployeeproductivityinthesouthafricanworkplace AT gerhardusvanzyl impactofincentiveschemesonemployeeproductivityinthesouthafricanworkplace |