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Summary
The study examines the effect of financial incentives on staff productivity in Coca Cola Company, Sapele Road, Benin City.
The analysis shows that Coca Cola, Sapele Road, Benin City is not based on incentives scheme that enhance performance, but based on grade levels, which does not motivate the workers. The study also found of that the kind of financial incentive that coca cola company gives to its workers are basically end of the year bonus, leave grant, and monetization benefits, which facilitate their productivity to a large extent. The non financial incentive that coca cola company use to boost workers productivity are off-duty and cafeteria services. The study also found out that the challenges confronting Coca cola company incentive schemes arise from the inability of coca cola company to design salary based on performance, and that coca cola company does not carry out staff evaluation and performance appraisal when promoting their staff.
