AN ANALYSIS OF FACTORS (FINANCIAL & NON-FINANCIAL) THAT IMPACT THE WORKFORCE PERFORMANCE IN TEEJAY LANKA PLC

Abstract

This research investigates the multifaceted elements affecting workforce performance within contemporary organizational settings. Focusing on both financial and non-financial aspects, the study delves into the nuanced interplay between these factors and their impact on employee productivity, engagement, and overall organizational outcomes. Through a comprehensive literature review and empirical analysis, this study aims to delineate the significant financial determinants (such as compensation structures, incentives, and resource allocation) alongside non-financial contributors (including workplace culture, leadership styles, training programs, and work-life balance initiatives). By employing quantitative and qualitative methodologies, the research endeavors to discern the relative influence and interaction of these factors on workforce performance. Findings from this study aim to provide valuable insights for organizational leaders, HR practitioners, and policymakers to optimize strategies that enhance employee motivation, satisfaction, and overall performance. The synthesis of financial and non-financial elements in this study offers a holistic perspective essential for fostering a conducive work environment and maximizing the potential of the workforce.