Original Research
The impact of incentive schemes on employee productivity in the South African workplace
Journal of Economic and Financial Sciences | Vol 8, No 2 | a113 |
DOI: https://doi.org/10.4102/jef.v8i2.113
| © 2019 Gerhardus Van Zyl
| This work is licensed under CC Attribution 4.0
Submitted: 21 December 2017 | Published: 30 July 2015
Submitted: 21 December 2017 | Published: 30 July 2015
About the author(s)
Gerhardus Van Zyl, University of Johannesburg, South AfricaFull Text:
PDF (227KB)Abstract
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.
Keywords
employee productivity; finance-based incentive schemes; non-financial incentive schemes; firm-based estimation model; dimensional relationships; skill levels; gender-mix; labour
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