Assessing the role of work motivation on employee performance: A case of private banks in Ghana

Abstract

The study assessed the relationship between motivation and company performance. It thus sought to understand from the perspective of employees what motivates and how such motivations drive their performance. The research adopted a mixed research approach. It also employed quantitative tools in analyzing the relationship between the independent variable motivation and the dependent variable performance. The study revealed a positive but weak relationship between motivation and performance. Although motivation has some influence on the performance or productivity of staff, the research uncovered that the level of influence is dependent not only on motivation but a host of other factors. With an R-value of 4.51 and an R2 of 0.203, the independent variables account for only 20% of the influence on performance. The research concludes that firms seeking to improve performance should not considered motivation as a stand-alone factor to improving performance but should examine how motivation can be used in conjunction with factors such as organizational culture to increase the performance of firms.