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A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP)

The paper aims to compare the compensation instruments which are used as the factors of motivation in the banking sector of Pakistan. With a case study research design, structured interviews were conducted from the fifty ( 5 0 ) employees of NBP branches in district Attock. The responses of inter...

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Main Authors: Tahir, Ahmad Jamal, Md. Yusoff, Rosman, Khan, Anwar, Azam, Kamran, Ahmed, Muhammad Sohaib, Sahoo, Muhammad Zohair
Format: Article
Language:English
Published: World Business Institute 2011
Subjects:
HD30.2 Knowledge management
Online Access:http://eprints.utm.my/id/eprint/37904/1/15.%20Ahmad.pdf
http://eprints.utm.my/id/eprint/37904/
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spelling my.utm.379042017-02-15T01:39:23Z http://eprints.utm.my/id/eprint/37904/ A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP) Tahir, Ahmad Jamal Md. Yusoff, Rosman Khan, Anwar Azam, Kamran Ahmed, Muhammad Sohaib Sahoo, Muhammad Zohair HD30.2 Knowledge management The paper aims to compare the compensation instruments which are used as the factors of motivation in the banking sector of Pakistan. With a case study research design, structured interviews were conducted from the fifty ( 5 0 ) employees of NBP branches in district Attock. The responses of interview were scaled and scored according to standardized Likert technique, in such a way that scores for each response were added and then multiplied with total responses. After obtaining scores of the nine compensation factors, Pearson Product correlation was calculated to check the relationship between the compensation factors. The results show that the employees of National Bank of Pakistan were motivated both by the intrinsic as well extrinsic factors of compensation, in such way that extrinsic factors were more causing motivation. The paper has concluded that Compensation Management has a profound direct positive relationship with employee motivation level and intrinsic factors played important role in the motivation process. The paper recommends that public sector banks shall apply progressive human resource strategy and provide healthy compensation plans regarding benefits and intrinsic factors. World Business Institute 2011 Article PeerReviewed text/html en http://eprints.utm.my/id/eprint/37904/1/15.%20Ahmad.pdf Tahir, Ahmad Jamal and Md. Yusoff, Rosman and Khan, Anwar and Azam, Kamran and Ahmed, Muhammad Sohaib and Sahoo, Muhammad Zohair (2011) A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP). World Journal of Social Sciences, 1 (4). pp. 195-206. ISSN 1838-3785
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
language English
topic HD30.2 Knowledge management
spellingShingle HD30.2 Knowledge management
Tahir, Ahmad Jamal
Md. Yusoff, Rosman
Khan, Anwar
Azam, Kamran
Ahmed, Muhammad Sohaib
Sahoo, Muhammad Zohair
A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP)
description The paper aims to compare the compensation instruments which are used as the factors of motivation in the banking sector of Pakistan. With a case study research design, structured interviews were conducted from the fifty ( 5 0 ) employees of NBP branches in district Attock. The responses of interview were scaled and scored according to standardized Likert technique, in such a way that scores for each response were added and then multiplied with total responses. After obtaining scores of the nine compensation factors, Pearson Product correlation was calculated to check the relationship between the compensation factors. The results show that the employees of National Bank of Pakistan were motivated both by the intrinsic as well extrinsic factors of compensation, in such way that extrinsic factors were more causing motivation. The paper has concluded that Compensation Management has a profound direct positive relationship with employee motivation level and intrinsic factors played important role in the motivation process. The paper recommends that public sector banks shall apply progressive human resource strategy and provide healthy compensation plans regarding benefits and intrinsic factors.
format Article
author Tahir, Ahmad Jamal
Md. Yusoff, Rosman
Khan, Anwar
Azam, Kamran
Ahmed, Muhammad Sohaib
Sahoo, Muhammad Zohair
author_facet Tahir, Ahmad Jamal
Md. Yusoff, Rosman
Khan, Anwar
Azam, Kamran
Ahmed, Muhammad Sohaib
Sahoo, Muhammad Zohair
author_sort Tahir, Ahmad Jamal
title A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP)
title_short A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP)
title_full A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP)
title_fullStr A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP)
title_full_unstemmed A comparison of intrinsic and extrinsic compensation instruments: the case of National Bank Of Pakistan (NBP)
title_sort comparison of intrinsic and extrinsic compensation instruments: the case of national bank of pakistan (nbp)
publisher World Business Institute
publishDate 2011
url http://eprints.utm.my/id/eprint/37904/1/15.%20Ahmad.pdf
http://eprints.utm.my/id/eprint/37904/
_version_ 1643650184855420928
score 13.211869

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