Strengthening financial motivation and job performance of the Nigerian bankers: The mediating role of workplace mindfulness and employees’ happiness

Abstract

This study explored the relationships between financial motivation, workplace happiness, mindfulness, and job performance in the Nigerian banking industry. Data was collected from 420 employees using self-administered questionnaires and analysed with Smart PLS 4.0. The results showed that financial motivation was positively related to job performance. At the same time, workplace happiness and mindfulness were also positively associated with job performance and mediated the relationship between financial motivation and job performance. The result emphasizes workplace mindfulness and employees' happiness as crucial mediators of financial motivation and hence influences job performance. These findings support the importance of intrinsic motivation factors, such as workplace happiness and mindfulness in enhancing job performance. The study concludes that employee happiness is not solely a product of financial motivation.  Employers should take various factors, including social support and a conducive working environment into account when developing strategies to promote workplace happiness. The findings suggest that increasing financial motivation through targeted incentives can significantly improve job performance among Nigerian bankers, especially when complemented with other forms of work mindfulness practice and promoting employees' happiness.