AYOADE, Ayodeji Daniel
Compensation Management and Its Effect on Employees' Performance in an Organization: A study of cadbury Nigeria Plc Ikeja Lagos-Nigeria - Dr. Patience Erigbe - Ibafo IRPM 2022 - viii; 74pgs.
ABSTRACT
This study examined compensation management and its effect on employees’ performance in an
organization, a case study of Cadbury Nigeria Plc Ikeja-Lagos. The objectives were to ascertain
the relationship between salaries/wages of employees and increase in output, to verify the
relationship between employees, allowances/incentives and target achievement, to assess the
association between employees’ fringe benefits and labour efficiency, to examine the
relationship between workers social security and work monitoring/development. In view of this
research, main emphasis has been made on concept, significance, reward and compensation,
types of compensation and lastly concept of compensation and employees’ performance.
The research employed the satisfaction causes performance theory and the performance causes
satisfaction theory as framework. Primary data was used. The use of questionnaire was employed
to gather necessary and relevant data from the respondents. The method was used in order to
minimize the problem associated with data collection and to ensure that the results are visible
and bias free as expected. Data collected were analyzed using statistical packages for social
sciences (SPSS) Version 23. The age respondents were a total of three hundred and ninety which
representing 46.4% male and 53.6% represents female which implies that there is no equal
number of male and female who participated in this survey. The findings of this research showed
that majority of the respondents 67.9% agreed, 23.8% strongly agreed while 8.2% disagreed that
when employees’ salaries/wages are frequent, there is increase in output. Hence, majority
strongly agreed that frequency of salaries/wages causes increase in output.
Hypothesis 1 showed that there is no significant relationship between salaries/wages and increase
in output, Hypothesis 2 revealed that there is no significant relationship between
allowances/incentives and target achievement, Hypothesis 3 examined that there is significant
association between employees’ fringe and labour efficiency, Hypothesis 4 showed workers
social security has no significant effect on work monitoring/development. Employees must be
managed properly and timely by providing best remuneration and compensation as per the
standards. The lucrative compensation will serve the necessity for attracting the pre-eminent
employees and helps in retaining them.
Social Science--Industrial Relation
Compensation Management and Its Effect on Employees' Performance in an Organization: A study of cadbury Nigeria Plc Ikeja Lagos-Nigeria - Dr. Patience Erigbe - Ibafo IRPM 2022 - viii; 74pgs.
ABSTRACT
This study examined compensation management and its effect on employees’ performance in an
organization, a case study of Cadbury Nigeria Plc Ikeja-Lagos. The objectives were to ascertain
the relationship between salaries/wages of employees and increase in output, to verify the
relationship between employees, allowances/incentives and target achievement, to assess the
association between employees’ fringe benefits and labour efficiency, to examine the
relationship between workers social security and work monitoring/development. In view of this
research, main emphasis has been made on concept, significance, reward and compensation,
types of compensation and lastly concept of compensation and employees’ performance.
The research employed the satisfaction causes performance theory and the performance causes
satisfaction theory as framework. Primary data was used. The use of questionnaire was employed
to gather necessary and relevant data from the respondents. The method was used in order to
minimize the problem associated with data collection and to ensure that the results are visible
and bias free as expected. Data collected were analyzed using statistical packages for social
sciences (SPSS) Version 23. The age respondents were a total of three hundred and ninety which
representing 46.4% male and 53.6% represents female which implies that there is no equal
number of male and female who participated in this survey. The findings of this research showed
that majority of the respondents 67.9% agreed, 23.8% strongly agreed while 8.2% disagreed that
when employees’ salaries/wages are frequent, there is increase in output. Hence, majority
strongly agreed that frequency of salaries/wages causes increase in output.
Hypothesis 1 showed that there is no significant relationship between salaries/wages and increase
in output, Hypothesis 2 revealed that there is no significant relationship between
allowances/incentives and target achievement, Hypothesis 3 examined that there is significant
association between employees’ fringe and labour efficiency, Hypothesis 4 showed workers
social security has no significant effect on work monitoring/development. Employees must be
managed properly and timely by providing best remuneration and compensation as per the
standards. The lucrative compensation will serve the necessity for attracting the pre-eminent
employees and helps in retaining them.
Social Science--Industrial Relation