COMPARATIVE STUDY OF INCENTIVES PROVISION IN INDIGENOUS AND INDIGENISED FIRMS.

The need for improved productivity and a means of stimulating it with particular bias for incentives prompts this research work. The objectives are to determine the types of incentives in operation (financial and non-financial), incentives that could be combined with other types so as to reinforce the effect of financial based incentives, and to determine the preferences or priority accorded to these incentives in the firms. To achieve these objectives, a field survey involving 30 samples of construction firm’s workers which form the nucleus of the population, which was selected by random sampling, was conducted. The sample was categorized into large scale construction firm, small scale local firm and medium scale local firm. Primary Data are collected with the aid of structured questionnaire which was designed in Likert scale, 1-4 rating, were analyzed with percentages and important index to determine the order of ranking of these incentives, and the degree of availability. Secondary Data were collected through Journals, Thesis, Text Books and Past works. The research/Study discovers that foreign firms-engaged more of financial Incentives then the local firms, so also non-financial incentives, the like of social security, conducive work environment, accident free work environment, involvement in decision making and prompt payment of wages, could be used to reinforce the financial based incentives. The research considers this discovery, as a potential high productivity inducer if well managed and administered