Incentivizing performance of public enterprises in Nigeria through achievement-based personnel reward systems: A study of Enugu State Housing Development Corporation (ESHDC) (Published)
This study examined how public enterprises in Nigeria can be incentivized through achievement-based personnel reward systems. Three reward systems were used as the yardstick for this study- Intrinsic, Extrinsic, and Social reward system. A cross-sectional survey design was adopted for this research and this required the use of questionnaires to collect data from 157 employees of Enugu State Housing Development Corporation (ESHDC). A simple random sampling technique was adopted for the selection of the respondents. Data generated from the study were analyzed using multiple regression techniques. From the data analysis, it was revealed that intrinsic and social achievement-based rewards significantly affect the performance of Enugu State Housing Development Corporation; while extrinsic achievement-based rewards did not. Among the recommendations were that the human resource division should make conscious efforts to always praise the achievements of exceptional employees and ensure that other members of staff in the corporation are aware of those achievements. This could be implemented through a periodic newsletter showing the performance of the corporation as well as the specific achievements of employees towards the achievement of the corporation’s goals. Furthermore, it was recommended that the management of ESDHC should readily delegate higher responsibilities or authorities to high performing employees as a social reward for their efforts in the corporation.