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Abstract
This study aims to explore how various non-monetary rewards affect employee motivation in commercial
banks. It specifically looks at the impact of career development, recognition, job security, training, and job
design on motivating employees. Given the structured nature of banking roles, understanding the influence
of non-monetary rewards is crucial for enhancing employee satisfaction and productivity. A descriptive
and causal-comparative research design was utilized to examine the relationship between the independent
variables (non-monetary rewards) and the dependent variable (employee motivation). The research was
conducted in Butwal, Nepal, involving 20 commercial banks with a total employee count of 725. Using
Cochran's formula, a sample size of 258 respondents was determined. A total of 189 questionnaires were
collected, resulting in a response rate of 73 percent. Data collection was carried out through a structured
questionnaire based on a 5-point Likert scale, encompassing 25 items. Various statistical methods,
including frequency analysis, correlation, regression, t-tests, and ANOVA, were employed for data
analysis. The findings reveal that career development, recognition, and job security significantly boost
employee motivation in commercial banks. Employees tend to be more motivated when they have
opportunities for career advancement, receive recognition, and feel secure in their positions. Conversely,
training and job design appear to have a limited impact, likely due to the repetitive nature of banking tasks.
Banks should focus on implementing career advancement programs, recognition initiatives, and ensuring
job stability to enhance motivation. Future research should investigate industry-specific factors and the
long-term effects on performance. Policymakers are encouraged to create supportive frameworks that
promote job security and career growth within the banking sector.
Key words: Non-monetary rewards, Employee motivation, Career development, Job security, Recognition.