Influence of Financial Incentives Provided on Teachers’ Productivity

The Government of the Philippines has remained faithful to its promise that education will be a top priority, and the Department of Education (DepEd) also ensures that the rights and welfare of teachers will be protected. This study sought to determine the influence of financial incentives on teachers’ productivity in Lapu-Lapu City. The study adopted the descriptive survey method, which used the survey questionnaire as the main instrument for gathering the data. The study’s respondents were the preschool, elementary, junior, and senior high school teachers of the Department of Education Lapu-Lapu City Division. The sampling technique used for this research was stratified and convenience sampling. A total sample of five hundred ninety-six (596) teachers were selected from a total population of two thousand nine hundred seventy-eight (2,978). The survey tool had undergone content validation. For data analysis, frequency percentage and weighted mean were applied. For the performance-based bonus, 8 out of 10 statements were highly agreed upon by the respondents, while the remaining two were moderately agreed upon. Performance-based- bonuses were effective across all demographics. The majority of teachers highly decided in terms of mid-year bonuses that would affect their performance and help them grow professionally. Overall, the concept of the mid-year bonus was considered adequate across demographics. Deloading of subjects was the most effective motivator across all teacher demographics, as teachers responded to it as highly agreeable. Keywords: Education, teachers’ productivity, financial incentives, descriptive-quantitative, Lapu-Lapu, Cebu, Philippines