The Impact of Compensation Management on Organisational Performance (Case Study of Nigeria Breweries PLC)

Author

Ugowe Samson Omoruyi, Dopamu Ifeoluwa Oluwaseyi, Husseini Abalaka Faruna, Quadri Ige Adeshola, Bala Alkali, Udin Favour Aghogho


Abstract

This study examined the Impact of Compensation on Employee Performance in an Organization used as a reference point. It tries to determine whether compensation management significantly affects employee performance in the company. Current and existing literature was reviewed for validity and reliability. A total of 90 respondents stated the relevant hypothesis. It was discovered that there is an adequate compensation plan and benefit in Unilever Nigeria Plc. and that the organization's employees valued the organization's compensation benefits. It was recommended that the organization's management should relate pay conduct worker performance appraisal for effective compensation plan; employers should be continually challenged to develop pay policies and procedures that will enable them to attract, motivate, retain, and satisfy capable employees, proper training and promotion also to be given to the employee of the organization in term of motivating them for job satisfaction done, non-monetary motivation awards also need to be increased such like: Holiday pay, Bonus, Pension benefits, over-time pay etc., regarding the salary and other allowances, management should intensity salary schemes for their employees. The organization should support its employees in upgrading their standard of living, and standard facilities should be provided to enhance their employees' motivation for job performance.


Keywords

Compensation Management, Employee Performance, Job Satisfaction, Motivation, Labour Turnover, Human Resource Management, Organisational Productivity


DOI : https://doi.org/10.55248/gengpi.6.0725.2550


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