Reward Management Practices and Employee Performance in Stanbic Investment Banking & Trust Company Plc (IBTC) Bank in Oyo State

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dc.contributor.authorAgnes Oluwatosin ALAMU
dc.date.accessioned2026-09-16T12:45:28Z
dc.date.available2026-09-16T12:45:28Z
dc.date.issued2025-12
dc.description.abstractIn today’s competitive environment, an effective reward system is a strategic tool organizations can adopt to enhance employee performance and productivity. Many bank employees are dissatisfied with current reward systems, which fail to address evolving needs. This study investigated the impact of reward management practices on employee performance in Stanbic IBTC Bank, Oyo State, Nigeria. It drew on Vroom’s Expectancy Theory, Herzberg’s Two-Factor Theory, and Equity Theory of Motivation. A descriptive survey design was adopted, involving all 158 staff of Stanbic IBTC Bank branches in Oyo State. Multiple regression analysis using SPSS 23.0 and SmartPLS V4.0 tested the hypotheses and evaluated the effects of reward practices on various performance dimensions. The findings revealed that reward management practices significantly and positively influence employee efficiency, commitment, and creativity. Results showed that reward management had a positive impact on employee efficiency (R² = 0.534, p = 0.000), commitment (R² = 0.542, p = 0.000), and creativity (R² = 0.581, p = 0.000). However, despite the positive influence, the current reward structures appear inadequate to fully motivate employees for optimal performance. Based on these results, it is recommended that Stanbic IBTC Bank reevaluate its compensation policies. Introducing performance-based pay, competitive salaries, and tailored financial incentives aligned with employee efforts and organizational goals could enhance efficiency, commitment, creativity, and overall service delivery. These measures would help address employee dissatisfaction and support long-term organizational success. Keywords: Reward management, Employee Performance, Compensation, Benefit, Work-life balance Word Count: 230
dc.identifier.citationKate Turabian
dc.identifier.otherM.sc
dc.identifier.urihttps://repository.lcu.edu.ng/handle/123456789/1503
dc.language.isoen
dc.publisherLead City University, Ibadan
dc.relation.ispartofseriesM.sc
dc.subjectReward management
dc.subjectEmployee Performance
dc.subjectCompensation
dc.subjectBenefit
dc.subjectWork-life balance
dc.titleReward Management Practices and Employee Performance in Stanbic Investment Banking & Trust Company Plc (IBTC) Bank in Oyo State
dc.typeThesis

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