The Role of Financial Incentives as a Motivator in Employee's Productivity in Nigeria Electricity Distribution Companies

Since the major objective of any company is to maximize profit and increase shareholders earnings, then the need to increase productivity becomes inevitable. It has been observed by various scholars that the reason why most organizations experienced low productivity is due to the absence of motivational factors to employees with the financial incentives as major factors. The population of the study is entire staff of Yola Electricity Distribution Company (YEDC) totaling 65 in number. A sample size of 45 staff was arrived at through the simple random sampling technique. To conduct this research, research questions were drafted and distributed to the staff of the Yola Zonal office. The result obtained from the analysis of these data revealed that though employees enjoy some financial incentives, opportunities for advancement on the job, they were still not satisfied with the financial incentives, condition of service and management/ employees relationship. The researcher recommends the need for the organization to increase the incentives to all strata of the staff to effectively enhance high productivity.