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